Tax Guide Turkey 2024

Tax Guide Turkey 2024

Tax Guide Turkey 2024

Tax Type and Criteria2024 Applications
Income Tax
Sale of Home-Made ProductsRevenue limit of 1,100,000 TL, transitioning to the actual method in 2025 if exceeded
Young EntrepreneursTax exemption for 230,000 TL of earnings in 2024
Copyright and App Development GainsExempt from tax if earnings do not exceed 3,000,000 TL
Residential Rental IncomesExemption limit of 33,000 TL for 2024 rental incomes
Meal Allowance PaymentsConsidered at 170 TL per day starting from January 1
Commuting Allowances by EmployersConsidered at 88 TL
Capital Gains in 202487,000 TL exempt from tax
Miscellaneous Gains in 2024200,000 TL exempt from tax
Maximum Harmonious Taxpayer DiscountMaximum of 6,900,000 TL
Tax Procedure
Obligation to Use Invoices6,900 TL
Depreciation ApplicationDirect expenses for asset costs up to 6,900 TL
Provision for Doubtful DebtsUp to 14,000 TL can be written off without the need for legal proceedings
Irregularity PenaltiesIrregularity or special irregularity penalties exceeding 23,000 TL can be subject to settlement (Hence, a 50% extra discount applies to penalties that do not exceed this amount)