Private Client Law in Turkey 2022
The official tax year for income tax runs from 1 January to 31 December. Tax declarations must be filed by the end of March the following calendar year and paid in two equal instalments in March and July. Despite their similarities, individual income tax and corporate income tax are subject to separate pieces of legislation.
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This article was first published in the PLC “Private Client Law in Turkey 2022” and is reproduced with the permission of the publisher, Thomson Reuters.