Corporate earnings of the companies, whose headquarters are located in Turkey, are exempt from the corporate tax.
Conditions need to be provided to practice corporate tax exemption is as follows;
1) According to the tax law of the country in which earning comes from, at least % 15 income has to be liable to the tax.
2) Annual corporate tax declaration belonging to the period of transaction made, has to be transferred to Turkey up to the expiration date.
3) In the corporations whose main activities are financial provision including financial renting, insurance services, and securities investment, have to be liable to tax in Turkey.
Source: Corporate Tax Law
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