The standard corporate tax rate is 25% (increased from 23% effective 1 January 2023). A higher rate of 30% (increased from 25% effective 1 January 2023) applies to financial sector companies, including banks, financial leasing companies, asset management firms, and insurance companies.

Effective from 1 January 2021, qualifying companies that list at least 20% of their shares on the Istanbul Stock Exchange in an initial public offering are eligible for a reduction in the corporate tax rate by two percentage points for five years (i.e., a 23% rate instead of 25%).

Effective 1 January 2023, qualifying export companies are eligible for a reduction in the corporate tax rate by five percentage points on earnings from export activities (i.e., a 20% rate instead of 25%). Qualifying production companies are eligible for a reduction in the corporate tax rate by one percentage point on earnings from production activities (i.e., a 24% rate instead of 25%). Where a company is engaged in both export and production activities, and the 5% tax rate reduction is applied to earnings from exports, the earnings from production activities would not be subject to the 1% reduction.

The standard corporate tax rate is 25% (increased from 23% effective 1 January 2023). A higher rate of 30% (increased from 25% effective 1 January 2023) applies to financial sector companies, including banks, financial leasing companies, asset management firms, and insurance companies.

Effective from 1 January 2021, qualifying companies that list at least 20% of their shares on the Istanbul Stock Exchange in an initial public offering are eligible for a reduction in the corporate tax rate by two percentage points for five years (i.e., a 23% rate instead of 25%).

Effective 1 January 2023, qualifying export companies are eligible for a reduction in the corporate tax rate by five percentage points on earnings from export activities (i.e., a 20% rate instead of 25%). Qualifying production companies are eligible for a reduction in the corporate tax rate by one percentage point on earnings from production activities (i.e., a 24% rate instead of 25%). Where a company is engaged in both export and production activities, and the 5% tax rate reduction is applied to earnings from exports, the earnings from production activities would not be subject to the 1% reduction.

Capital gains are treated as ordinary income and taxed at the standard corporate rate of 25%.