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Türkiye published detailed implementation rules on Saturday for its tax and investment reform package, setting out how new incentives will work while also clarifying rules for the country's asset declaration program, qualified service centers and exemptions for new residents.
The communiques, published in the Official Gazette by the Revenue Administration under the Treasury and Finance Ministry, implement provisions of the law that entered into force on June 4 and establish how businesses and individuals can benefit from several new tax measures.
The regulation exempts 95% of corporate income from transit trade and brokerage activities from corporate tax. The incentive covers goods bought abroad and sold directly to third countries without entering Türkiye, as well as brokerage services connecting foreign buyers and sellers.
The exemption rises to 100% for companies operating at the Istanbul Financial Center (IFC) or in industrial zones designated by presidential decree, provided the income is transferred to Türkiye before the corporate tax filing deadline.
The incentive also applies to goods sold from bonded warehouses without entering the domestic market, as well as digital products such as activation codes, e-pins and game codes purchased abroad and sold overseas.
Starting with income earned from Jan. 1, 2026, tax-exempt profits will include products sold within the same free zone or to other free zones, in addition to exports. Sales to the domestic market remain taxable, while income from contract manufacturing in free zones is now also covered.
Beginning with tax returns filed from Jan. 1, 2027, manufacturers with industrial registry certificates and agricultural producers will pay a reduced 12.5% corporate tax rate on eligible income. The current one-point tax reduction will continue for 2026 earnings.
Agricultural businesses must hold the required producer certificates to qualify. Manufacturers exporting their own products cannot combine the production and export tax incentives, although exporters of goods purchased from third parties may still benefit from a separate five-point export tax reduction.
The regulation also confirms that commercial healthcare institutions affiliated with foundation universities—including hospitals, medical centers, polyclinics and dialysis centers—will lose their corporate tax exemption on Jan. 1, 2027, after which they will be taxed as corporate entities.
The rules also clarify how tax incentives for companies going public will be calculated. Companies that sell at least 20% of their shares through an initial public offering on Borsa Istanbul receive an existing two-percentage-point corporate tax reduction.
That discount will now be applied before manufacturing and export tax incentives are calculated, reducing the effective corporate tax rate on eligible manufacturing income to 10.5% for companies that qualify for both incentives.
Another communique sets out how the new asset declaration program, widely known in Türkiye as the "asset peace" scheme, will work.
Individuals and companies can declare cash, gold, foreign currency, securities and other capital market instruments held abroad until July 31, 2027, while previously unregistered domestic assets can also be brought into the formal economy.
Banks and brokerage firms will collect a 5% upfront tax on declared overseas assets. A reduced rate will apply if the assets are invested in eligible financial instruments, including time deposits, government debt securities, lease certificates or venture capital funds.
Another communique details the 20-year income tax exemption available to qualifying individuals who relocate to Türkiye, setting out eligibility requirements and application procedures.
It also establishes rules for qualified service centers, allowing multinational companies to base regional management, finance, marketing, procurement, technology and other shared-service operations in Türkiye.
Separate rules introduce income tax exemptions for employees at qualified service centers, covering salaries of up to three times the gross minimum wage, or five times for employees at centers operating in the IFC or designated industrial zones.
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