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8.1.2. Other Taxes

The following table provides an overview of other taxes that may be imposed on a company doing business in the country.

Tax Type Rate(s) Notes
Capital Duty N/A N/A
Payroll Tax N/A N/A
Social Security Employer Contribution 21.5% to 29% Employee contributions range from 21.5% to 29% of gross salary and include an 11% contribution for disability, retirement and life insurance; 7.5% for general health insurance; 2% for unemployment; and 1% to 6.5% for accident and sickness insurance. An additional 2% applies for disability, retirement and life insurance for employees working in mines.
Social Security Employee Contribution 15% The employee contribution is equal to 15% of gross salary and includes a 9% contribution for disability, retirement and life insurance; 5% for general health insurance; and 1% for unemployment. The contribution is withheld and remitted by the employer.
Property Tax 0.1% to 0.3% Real estate tax is levied at the municipal level on buildings and land.
Transfer Tax 4% There is no transfer tax, but a registration fee applies at the rate of 4% on the higher of the transaction price or taxable value of immovable property. The fee is split evenly between the seller and the buyer. The transfer of property as part of a merger, acquisition or division is generally exempt.
Stamp Duty 0.189% to 0.948% Stamp duty applies for various documents evidencing commercial and financial transactions including contracts, mortgages, etc. as well as electronic documents signed electronically. The rates range from 0.189% to 0.948% depending on document/transaction type. Minimal fixed rate stamp duties apply for certain documents such as printed copies of financial statements, tax returns, etc. A stamp tax is also withheld from payroll at a rate of 0.759% of gross salary. Stamp duty is exempt in relation to allocation of land for organized industrial zones, free zones, industrial zones, technology development zones, and industrial estates.
Excise Taxes Varies Excise taxes (special consumption taxes) are levied on various goods in Turkey including alcoholic beverages, tobacco products, motor vehicles, energy products and luxury goods.
Special Communications Tax 7.50% A Special Communications Tax is levied in Turkey on mobile phone services, radio and TV broadcasting services and internet services. Effective from 1 January 2018, a flat rate of 7.5% is applicable on these services (earlier rates vary from 5% to 25%).
Customs Duty Varies Customs duties apply on goods imported into Turkey based on the Common Customs Tariff of the EU. For the most part, goods are generally exempt when traded between Turkey and the EU. In addition to standard duties, a Resource Utilization Support Fund (RUSF) payment of 6% on the value of the goods imported is required if imported on credit and the payment is not made before the importation.
Banking and Insurance Transactions Tax 0% to 5% Transactions performed by licensed banks and insurance companies, which aren't subject to VAT, are subject to a transactions tax with a general rate of 5%. Reduced rates apply for certain transactions.
Resource Utilization Support Fund (RUSF) 0% to 3% RUSF payments apply for foreign loans obtained by Turkish residents, excluding banks and financial institutions. The rate is 3% on the interest for all TRY denominated loans and up to 3% on the principal amount for loans denominated in other currencies depending on the maturity of the loan: 3% if up to 1 years, 1% if up to 2 years, 0.5%% if up to 3 years, and 0% if over 3 years. An RUSF payment also applies for the importation of goods on credit at a rate of 6% on the value of the goods.