Withholding Tax in Turkey

07/08/2015

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According to Turkish tax regulation, certain taxes are obtained by means of Withholding Tax Turkey from the corporates in order to be secure of paying tax by payers.

Income tax on salaries of employees
Rent payments to landlords of the workplace
Independent professional service fee payments to resident and non-resident individuals
Royalty, license and service fee payments to non-residents.

Withholding Tax Turkey taxes are required for companies and they must declare them through their withholding tax returns.

Dividends
Interest
Royalties And Fees

Withholding Taxes on Resident Company

Withholding Taxes on non-Resident Company

Dividends are required to 15%
The resident corporations taking interest on treasury bills and treasury bonds are subject to pay 0%
Interest on other bonds and bills derived by resident companies are required to 0%,
Bank deposits are subject to 10%-18% (for bank deposits opened after January 2, 2013).
Profit shares paid by participation banks in consideration of participation accounts are subject to 10%-18% (for participation accounts opened after January 2, 2013).
REPO agreements are subject to 15%.

Dividends are subject to 15%.
Interest on treasury-bill and treasury bonds derived by non-resident corporations is subject to 0%.
Interest on other bonds and bills derived by non-resident corporations is subject to 0%,
Bank deposits are subject to 10%-18% (for bank deposits opened after January 2, 2013).
Profit shares paid by participation banks in consideration of participation accounts are subject to 10%-18% (for participation accounts opened after January 2, 2013).
REPO agreements are subject to 15%