Turkey Income Tax Rates for 2011

Whiles UK residents were welcomed into 2011 with VAT increase to 20%; the highest in history  I might add; I thought it a good idea to let Expats tax payers in Turkey and people planning to move to Turkey this year know what the 2011 Turkish tax rates are.

The tax take is based on earnings and are as follows:

Income Band

Tax Rate

Up to 9,400 TL

15%

9,400 TL to 23,000 TL

20%

23,000 TL to 53,000 TL

27%

53,000 TL and above

35%

Please note that unlike the UK, there is no ‘tax free’ allowance. Earnings are taxed on bandings so of you earn 15,000 TL, for example, you pay 15 per cent tax on the first 9,400 TL or your income and 20 per cent on the balance of 5,600 TL.

 

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