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%
• o…