Tax Guide Turkey 2025: Essential Tax Updates and What You Need to Know
Tax Guide Turkey 2025: Essential Tax Updates and What You Need to Know
Tax Guide Turkey 2025: Essential Tax Updates and What You Need to Know
The arrival of 2025 brings significant changes to Turkey’s tax regulations. As we start a new year, businesses and individuals alike need to stay informed about critical updates that affect taxation in Turkey. In this guide, we will highlight key tax changes and deadlines for 2025, providing you with essential reminders for the year ahead.
1. Physical Record Keeping for Journals – Deadline for Certification: June 30, 2025
Who is affected?: Companies that maintain their journals physically (Limited or Joint Stock companies).
What needs to be done?: You must have your 2024 journal entries notarized for approval by June 30, 2025.
Important note: Electronic record-keeping companies do not have this obligation.
2. E-Invoice Mandate for Companies with a Gross Revenue of 3 Million TL or More
Who is affected?: Businesses with a gross revenue of 3 million TL or more in 2024.
Deadline: These companies must transition to the e-invoice system by July 1, 2025.
Exceptions: There are different thresholds for specific sectors like e-commerce and real estate.
3. Mandatory Transition to E-Defter for Balance Sheet-Based Record Keepers Starting January 1, 2025
Who is affected?: Businesses maintaining their records on a balance sheet basis.
Deadline: By January 1, 2025, these businesses must switch to the e-defter system, regardless of revenue.
4. E-Archive Invoice for Non-E-Invoice Users
Who is affected?: Businesses that are not part of the e-invoice system.
What needs to be done?: For invoices exceeding 3,000 TL, you must issue an e-archive invoice via the GIB portal.
5. E-Delivery Note Mandate for Companies with Gross Revenue Above 10 Million TL
Who is affected?: Companies with a gross revenue of 10 million TL or more.
Deadline: These businesses must implement the e-delivery note system by July 1, 2025.
6. Employer SGK Premium Discount Adjustment by Sector Starting February 1, 2025
- What’s changing?: Employers in manufacturing will continue to receive a 5% SGK premium discount, while other sectors will see a reduction to 4%.
7. 2025 Minimum Wage Update: Net 22,104.67 TL
What’s changing?: The gross minimum wage will be 26,005.50 TL, with the net minimum wage at 22,104.67 TL for 2025.
Tax Benefits: The tax exemptions for wages up to the minimum wage will remain in place.
FAQs:
What is the corporate tax rate in Turkey for 2025? The general corporate tax rate is set at 25% for 2025.
What is the income tax rate for individuals? Income tax rates range from 15% to 40%, depending on income brackets.
What changes are there for e-fatura compliance? Companies with gross revenues of 500,000 TL or more must comply with the e-fatura system by July 1, 2025.
Need Assistance?
Navigating tax regulations in Turkey can be complex, especially with frequent updates. Whether you are a business owner or an individual, it’s essential to stay on top of these changes to ensure compliance and avoid penalties. Reach out to us for expert advice and support in managing your tax responsibilities effectively. Our team can assist you with tax planning, filing, and keeping you informed on the latest changes. Contact us today to learn how we can help streamline your tax processes in 2025.
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