Flat tax

What Are Taxes? Taxes are mandatory contributions levied on individuals or corporations by a government entity —whether local, regional, or national. Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare.

2020 national income tax rates Taxable income band TRYTax rates1 to 22,00015%22,001 to 49,00020%49,001 to 180,00027%180,001 to 600,00035%Tax in Turkey | Turkey Tax Guide – HSBC Expat www.expat.hsbc.com › expat-explorer › turkey › tax-in-turkey

Taxes are levied by governments on their citizens to generate income for undertaking projects to boost the economy of the country and to raise the standard of living of its citizens .

Turkey taxes its residents on their worldwide income, whereas non-residents are taxed on Turkish-source earnings only . Income tax is levied on taxable income at progressive rates after certain deductions and allowances. There is no special tax regime for expatriates.21 Şub 2022