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Double Taxation Relief in Turkey




Turkey has a broad tax treaty network, with most treaties following the OECD model treaty. Turkey’s treaties generally contain OECD-compliant exchange of information provisions.


Turkey has comprehensive double taxation agreements in force with 63 countries. The list of agreements in force is as follows: Albania, Algeria, Azerbaijan, Austria, Bahrain, Bangladesh, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Canada, China, Croatia, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, India, Indonesia, Iran, Israel, Italy, Japan, Jordan, Kazakhstan, Korea, Kuwait, Kyrgyz Republic, Latvia, Lebanon, Lithuania, Luxembourg, Macedonia, Malaysia, Moldova, Mongolia, Montenegro, Morocco, New Zealand, Norway, Oman, Netherlands, Cyprus, Norway, Pakistan, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia and Montenegro, South Africa, South Korea, Singapore, Slovakia, Slovenia, Spain, Sudan, Syria, Sweden, Tajikistan, Thailand, Tunisia, Turkmenistan, Ukraine, united Arab Emirates, United Kingdom, Yemen, United States of America and Uzbekistan.


In accordance with the treaties, where a company is already paying taxes in the treaty country, the income arising out of Turkey may be exempted from taxation. In order to beneficiate from exemption, the applicant must prove that the taxes are paid in the country of origin. Usually, the certificate of taxation from the foreign taxation authority is necessary.


In accordance with the Turkish Double Taxation Acts, the investors residing in Holland, USA and Belgium are exempted from the income tax liability arising out of the gains derived in the stock exchange.


Investors who are the residents of England, Germany and France may only be liable for the income tax provided that they had possessed the shares for a period of less than a year. 





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