On 27 December 2016, the Turkish Ministry of Finance issued the individual income tax brackets and rates applicable for 2017. The brackets and rates for employment income are as follows:

• up to TRY 13,000 - 15%
• over TRY 13,000 up to 30,000 - 20%
• over TRY 30,000 - up to 110,000 - 27%
• over TRY 110,000 - 35%

For all other non-employment income, the brackets and rates are as follows:

• up to TRY 1…