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Turkey Updates Individual Income Tax and Valuable Housing (Residence) Tax Brackets for 2022

29 December 2021

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Approved Changes

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Turkey

Turkey published Income Tax General Communiqué No. 317 in the Official Gazette on 21 December 2021, which provides updated individual income tax values for 2022. This includes the following tax brackets and rates for employment income: up to TRY 32,000 - 15% over TRY 32,000 up to 70,000 - 20% over TRY 70,000 up to 250,000 - 27% over TRY 250,000 up to 880,000 - 35% over TRY 880,000 - 40% For other non-employment income, the number of brackets and rates are the same, but the 35% bracket threshold is TRY 170,000 as follows: up to TRY 32,000 - 15%...