For those considering moving to Turkey

Individuals who stay in Turkey for more than six consecutive months during a tax year are considered to have moved there and to be tax residents. However, this does not apply to foreigners who are only in Turkey in connection with a specific business project, or who are there solely for holiday, medical treatment, or education purposes.

Tax residents are taxed on their worldwide income in Turkey, while non-resident taxpayers are taxed only on income sourced in Turkey.

Turkey has a progressive tax system, with rates ranging from 15 to 40%.

Turkey grants tax credit for taxes paid abroad, limited to the amount of Turkish tax payable on the same income.

Turkey does not levy wealth tax.

* However, a “Highly Valuable Residential Housing Tax” (HVRHT) is levied on high-value secondary residences, currently exceeding approximately TRY 10 million. The rates range from 0.3 to 1% and are determined based on the value of the property.

The tax year in Turkey corresponds with the calendar year.

The individual tax return in Turkey must be filed by 31 March of the year following the tax year.

The name of the tax authority in Turkey is Turkish Revenue Administration.

Turkey has tax treaties with approximately 100 countries, including Norway.

Turkey has property tax, with rates ranging from 0.1 to 0.3%. Double rates apply in larger cities.