Turkey published Income Tax General Communiqué No. 317 in the Official Gazette on 21 December 2021, which provides updated individual income tax values for 2022. This includes the following tax brackets and rates for employment income:
- up to TRY 32,000 - 15%
- over TRY 32,000 up to 70,000 - 20%
- over TRY 70,000 up to 250,000 - 27%
- over TRY 250,000 up to 880,000 - 35%
- over TRY 880,000 - 40%
For other non-employment income, the number of brackets and rates are the same, but the 35% bracket threshold is TRY 170,000 as follows:
- up to TRY 32,000 - 15%
- over TRY 32,000 up to 70,000 - 20%
- over TRY 70,000 - up to 170,000 - 27%
- over TRY 170,000 up to 880,000 - 35%
- over TRY 880,000 - 40%
The General Communiqué also includes certain other exemption and allowance amount changes and enters into force on 1 January 2022.
Turkey also published the Property Tax Law General Communiqué No. 80 in the Official Gazette on 21 December 2021, which adjusts the Valuable Housing Tax Brackets for 2022. This includes the following tax brackets and rates:
- over TRY 6,173,000 up to TRY 9,260,000 - 0.3%
- over TRY 9,260,000 up to TRY 12,347,000 - 0.6%
- over TRY 12,347,000 - 1.0%
The General Communiqué enters into force on 1 January 2022.