The withholding rate rose from 10% to 15%. How that changes distribution planning, and what treaty relief remains available.
- Inflation-accounting trigger vs. suspension
- Two-tier minimum capital schedule
- What's the minimum capital to form a Limited Şirket?
Operating in Turkey means tracking a domestic minimum tax floor that applies regardless of group size alongside an inflation-accounting regime whose statutory trigger has not been repealed, only suspended — a combination that keeps both the tax base and the accounting framework in flux year to year.
The domestic minimum tax and the inflation-accounting suspension both point to the same planning discipline: Turkish tax positions that look settled under current decrees rest on statutory triggers that remain in force and can reactivate. Companies should treat both as live variables to monitor annually, not settled facts to file away.
What a company pays in Turkey. Every figure below is published on the Turkey country page.
| Turkey | |
|---|---|
| VAT | 20% general rate · 10% reduced (food, medicine) · 1% further reduced (basic commodities) |
| Minimum wage | TRY 33,030/month gross (2026); TRY 28,075.50 net (minimum wage is exempt from income and stamp tax) |
| Annual accounts filing | Corporate income tax return and payment due by the 30th day of the 4th month after fiscal year-end (30 April for calendar-year filers); quarterly advance tax due the 17th of the second month following each quarter |
| Statutory audit | Independent audit mandatory for companies exceeding 2 of 3 thresholds over the last two fiscal periods: total assets TRY 500M, net sales revenue TRY 1B (both raised in a Decision published 17 March 2026, effective for periods from 1 January 2026), 150 employees (unchanged) |
| Company registry | Trade Registry (Ticaret Sicili), filed via the MERSIS central registration system |
What makes it complex in Turkey
- Inflation-accounting trigger vs. suspension — — the statutory test (PPI up >10% in-year and >100% over three years) remains law, but a December 2025 act suspends the adjustment requirement for FY2025–2027 regardless of whether the test is met, with presidential power to extend it further.
- Two-tier minimum capital schedule — — Limited Şirket and Anonim Şirket capital can be paid in over 24 months post-registration, but an Anonim Şirket requires 25% blocked in a Turkish bank account before registration completes.
What's the minimum capital to form a Limited Şirket?
TRY 50,000, which can be paid in over 24 months following incorporation. An Anonim Şirket (joint-stock company) requires TRY 250,000, with at least 25% blocked in a Turkish bank account before registration completes.
Inflation-accounting trigger vs. suspension is one of the points HTLC Network handles for clients operating in Turkey, within a single engagement that covers every other country they operate in — executed locally, governed centrally.
In Turkey the scope is: Statutory bookkeeping under the Turkish Uniform Chart of Accounts, VAT returns across Turkey's three active rates, and corporate tax filings tracking both the standard 25% calculation and the 10% domestic minimum tax floor.
See Accounting & Tax Compliance in Turkey for the full scope, or the Turkey country page for the statutory framework across every service.
Figures as published on the HTLC Network country pages, reviewed September 2026 and collected from public sources. They are not a substitute for advice on a specific case and should be verified before being relied on.