Turkey’s direct taxation system consists of two main taxes: income tax and corporate tax. An individual is subject to income tax on his income and earnings, similar to a company, which is subject to corporate tax on its income and earnings. The rules of taxation for individual income and earnings are provided in Income Tax Law 1960 (ITL), while the rules concerning the...
Although the republic has made great educational progress recently, more must be done to improve quality, ensure equal access and connect students to the world of business. The stakes for reform are high, given the key role the school system must play in facilitating the country’s transition to a more knowledge-oriented economy.
Bolstered by growth in mobile broadband and fibre-optic services, plans for massive 4G expansion, and a young population keen to embrace the latest in technology, IT is one of the fastest-growing sectors in the Turkish economy. Under the government’s expansive Vision 2023 strategy, the country plans to make major strides in internet penetration...
Turkey is a renowned destination for international holidaymakers and business travellers, yet one of the outstanding successes of recent years has been the rise of domestic tourism – Turks holidaying at home and, increasingly, of travelling abroad. This trend is set to continue too, as economic growth makes a vacation all the more possible for...
Although the size of Turkey’s unregistered economy has diminished in recent years, it remains a major challenge for the country’s policymakers. To address this issue, the Revenue Administration (RA) has developed a five-point action plan that aims to boost volunteer contributions, improve government auditing capabilities, strengthen the deterrent effect of sanctions,...
While Turkish cinema has been winning awards at international festivals for some years now, its mass media appeal has only recently begun to entice investors. Turkish TV, in particular, has become a major export industry for the country, projecting “soft power” throughout the region while also bringing substantial investment into domestic...
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