Showing posts with label real estate taxes. Show all posts
Showing posts with label real estate taxes. Show all posts

Sunday, November 30, 2008

Turkey Tax Rates 2008

The income tax rates in Turkey are 15%-35% for individuals , 20% for
companies .
Capital gains for companies and individuals are subject , in general , to
the regular tax rates .For individuals the tax rate for capital gain from
sale of Turkish shares traded on the local stock exchange are tax exempt ,
if held for more than one year.
Losses can be carried forward up to five years. There is no carryback .
Tax withholding payments to non-residents are subject to 15% for dividends ,
10% for interest and 20% for royalties.
Social security rates are 19.5% for employers, 14% for employees .
The standard VAT rate in Turkey is 18% . There are also reduced rates of 8%
and 1%.
Other taxes in Turkey include, inter alia, real estate taxes and gift and inheritance tax.

(source :www.worldwide-tax.com )