Your AI CFO for Turkey.

Kurumlar Vergisi

Kurumlar Vergisi is Turkey's corporate income tax levied on the profits of capital companies, cooperatives, state-owned enterprises, and business associations. The standard rate is 25% for 2025, having been raised from 20% in 2021 as part of fiscal consolidation measures. Certain manufacturing and export companies may qualify for reduced rates under investment incentive certificates.

KDV (Katma Deger Vergisi)

KDV (Katma Deger Vergisi) is Turkey's value-added tax. The standard rate is 20% as of 2023, with a reduced rate of 10% for many food items, medical goods, and certain professional services, and a 1% rate for basic foodstuffs and agricultural products. All businesses above the KDV registration threshold must charge, collect, and remit KDV monthly via e-Beyanname.

Gelir Vergisi

Gelir Vergisi is Turkey's personal income tax applying to individuals on seven categories of income: employment, business, agricultural, self-employment, immovable property, movable capital, and other income. For 2025, rates range from 15% (up to TRY 158,000) to 40% (above TRY 880,000), with an additional 45% bracket applicable to employment income above TRY 4,300,000.

SGK (Sosyal Guvenlik Kurumu)

SGK (Sosyal Guvenlik Kurumu) is Turkey's Social Security Institution responsible for collecting social insurance premiums from employers and employees covering health insurance, pension, and unemployment. Total employer social security contributions are approximately 22.5% of gross wages, with employees contributing 15%. Employers also pay 2% for unemployment insurance.

Limited Sirketi

Limited Sirketi (Ltd. Sti.) is Turkey's private limited liability company structure and the most common entity type for small and medium businesses. It requires a minimum share capital of TRY 50,000, between 1 and 50 shareholders, and must be registered with the Trade Registry. Shareholders' liability is limited to their capital contribution.

Anonim Sirketi

Anonim Sirketi (A.S.) is Turkey's joint stock company structure, required for certain regulated industries, companies seeking stock exchange listing, and businesses needing more than 50 shareholders. It requires a minimum share capital of TRY 250,000, a board of directors (Yonetim Kurulu), and mandatory independent audit if meeting size thresholds.

Partially deductible for sole traders and professionals using a dedicated workspace at home. Companies paying rent to owner-employees for home office use must do so via a documented rental agreement at arm's length. No blanket flat-rate deduction exists as in Germany or the UK — deductible costs must be directly attributable to the business portion of the premises.

Yes — employee gross wages plus the employer's SGK contributions (22.5% social security + 2% unemployment insurance = 24.5% on gross wages) are fully deductible business expenses under Gelir Vergisi Kanunu Article 40 and Kurumlar Vergisi Kanunu Article 8. Total employer cost including SGK is deductible in full.

Yes — rent paid for office space, warehouses, shops, and other business premises is fully deductible as a business expense. The company must withhold 20% Stopaj Vergisi on rental payments made to individual landlords and remit it via the monthly Muhtasar Beyanname. Rent paid to corporate landlords is not subject to withholding.

Partially deductible. Business-use vehicles and their running costs (fuel, insurance, maintenance) are deductible, but passenger cars used for mixed business and personal purposes are subject to restrictions. Depreciation on passenger cars is capped at specified annual amounts. Commercial vehicles (cargo vans, trucks) are treated more favourably.

Yes — documented business travel expenses including flights, hotels, intercity transport, and subsistence allowances (Harcırah) are deductible. Employees receiving Harcırah within the legal rates do not pay income tax on those amounts. International travel requires documentation of business purpose.

Yes — fees paid to licensed accountants (SMMM/YMM), lawyers, tax advisers, auditors, and other professional service providers are fully deductible business expenses. The paying company must withhold 20% Stopaj Vergisi on payments to individual professionals and report via the monthly Muhtasar Beyanname. Fees paid to professional firms (companies) are not subject to withholding.