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Turkey Updates Individual Income Tax Brackets for 2020

|Approved Changes|Turkey
Turkey

Turkey's Revenue Administration has announced the publication of General Communiqué No. 310 in the Official Gazette on 30 December 2019, which includes updated individual income tax brackets based on a revaluation rate. For employment income, the tax brackets and rates are as follows:

  • up to TRY 22,000 - 15%
  • over TRY 22,000 up to 49,000 - 20%
  • over TRY 49,000 up to 180,000 - 27%
  • over TRY 180,00…

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