Template - Corporate Tax In Turkey - from invest.gov.tr

Corporate Income Taxes

In Turkey, the basic corporate income tax rate levied on business profits is 20%.

Withholding taxes on selected payments of resident corporations:

• Dividends are subject to 15%.
• Interest on treasury-bill and treasury bonds derived by resident corporations is subject to 0%.
• Interest on other bonds and bills derived by resident corporations is subject to 0%,
  bank deposits are subject to 10%-18% (for bank deposits opened after January 2, 2013).
• Profit shares paid by participation banks in consideration of participation accounts are subject to 10%-18% (for participation accounts opened after January 2, 2013).
• REPO agreements are subject to 15%.

Withholding taxes on selected payments of non-resident corporations:

• Dividends are subject to 15%.
• Interest on treasury-bill and treasury bonds derived by non-resident corporations is subject to 0%.
• Interest on other bonds and bills derived by non-resident corporations is subject to 0%, 
  bank deposits are subject to 10%-18% (for bank deposits opened after January 2, 2013).
• Profit shares paid by participation banks in consideration of participation accounts are subject to 10%-18% (for participation accounts opened after January 2, 2013).
• REPO agreements are subject to 15%.