Turkey Individual Income Tax Rates for 2016

On 25 December 2015, the Turkish Ministry of Finance issued the individual income tax rates applicable for 2016. The brackets and rates for employment income are as follows:

• up to TRY 12,600 - 15%
• over TRY 12,600 up to 30,000 - 20%
• over TRY 30,000 - up to 110,000 - 27%
• over TRY 110,000 - 35%

For all other non-employment income, the brackets and rates are as follows:

• up to TRY 12,600 - 15%
• over TRY 12,600 up to 30,000 - 20%
• over TRY 30,000 - up to 69,000 - 27%
• over TRY 69,000 - 35%

The n…