Turkish Tax Law: A Comprehensive Guide

Many Chinese investors choose Turkish citizenship by investment, primarily because purchasing local property worth $250,000 (soon to be increased to $400,000) can secure a passport from a significant nation within months. However, while obtaining citizenship provides identity advantages, it's crucial to remember that citizenship comes with obligations - the most significant being tax obligations. To reasonably control tax burden, one must thoroughly understand Turkish tax laws before immigration to avoid unexpected tax bills after obtaining citizenship.

This article will cover various aspects of Turkish taxation, including:

• Tax residency
• Taxable income
• Property investment tax considerations
• Deposit investment tax considerations
• Turkish tax planning strategies