Before immigrating to another country, the tax system is usually the most concerned by investors. So, is Türkiye a global tax country? After immigrating to Türkiye, how do tax residents define?
Today summarizes the new rules and new obligations that new immigrants will face under the framework of local tax laws after becoming Turkish citizens.
Türkiye is a global tax country?
According to the Turkish Tax Law, Turkish tax residents should declare their global income. . For non-Turkish tax residents, Türkiye is not a country that levies global taxation. It only needs to declare its internal income in Türkiye, not global income.
Turkish Tax Law stipulates that Turkish citizens who have lived in Turkey for a certain number of days will automatically become tax residents. Turkish citizens who settle overseas in do not belong to the category of tax residents.
Like most countries in the world, the recognition of Türkiye's tax resident qualifications has a series of requirements and judgment standards according to the tax law.
How to define Turkish tax residents
According to Articles 3 and 4 of the Turkish Personal Income Tax Law, only those who are deemed to be Turkish tax residents need to declare their global income to Türkiye.
Regarding the criteria for determining Turkish tax residents, Article 4 of the Personal Tax Law gives a clear definition:
- settled in Turkey (Domicile);
- lived in Turkey for more than 6 months in a Gregorian year.
According to KPMG's Turkish tax system related content updated on December 31, 2017, among which for Turkish citizens, the definition of settlement is to register a local residence address in the Turkish interior address registration system.
But it should be clear that the address registration system of Türkiye's real estate is divided into two different registration situations in actual operation.
One is when the owner registers the address as owned . In this case, if the owner is a Turkish citizen, he will meet the "settlement" regulations in the tax law and become a Turkish tax resident.
. In another case, property is used for renting, then the address registration is completed by the tenant, and the rental house registered as the tenant .
Therefore, if the investor purchases a Turkish property and uses it for rent, the property will be registered as the tenant's rental address in the Turkish interior address registration system, rather than the owner's settlement address. In this case, if the property is registered as the tenant's address, the owner will not automatically own a Turkish settlement address, nor will he meet the requirements of the settlement definition and become a Turkish tax resident.
Turkey's double tax avoidance agreement
In addition to the above-mentioned basic tax system content for investors' resident taxpayers and non-resident taxpayers , for business owners who invest in Turkey, there are corresponding tax payment systems and preferential tax systems for resident enterprises and non-resident enterprises.
In addition, Turkey and 83 countries, including China, have signed the "Double Taxation Agreement". For the two countries that have reached the agreement, the taxes paid by taxpayers in one of the countries can be used to offset the tax payable in the other country, thereby avoiding repeated taxation.
Take China as an example. If there is a Chinese investor who lives in Turkey who is determined by Turkey as a Turkish tax resident and is also a tax resident of China, according to Article 4 of the Agreement between the People's Republic of China and the Republic of Turkey on Avoiding Double Taxation of Income and Preventing Tax Evasion, the tax authorities need to make a decision on the taxpayer's tax resident status in accordance with the provisions of the following 4 articles, so as to determine their tax resident status.
Turkey Protection //////////////////////Accounting projects
- is over 18 years old and healthy;
- can carry spouse and children under 18 years old;
- or purchase one or more properties worth US$400,000 or equivalent, and hold for 3 years.
Turkish project advantages
- Globally accepted: visa-free or visa-on-arrival 111 countries and regions around the world;
- high-quality education: seamlessly connect with famous British and American schools;
- family migration///People: can carry spouses and children under the age of 18;
- connectivity Eurasian : https://www. ml1 EU candidate country, Turkish-European customs alliance, excellent for European business location;
- high-quality medical: the top ten medical hotspot countries in the world;
- hrefore conditions: no language, education, age and other requirements, no need to explain the source of funds;
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