We have created the following table in response to significant interest from both Turkish citizens and foreigners living abroad. Given the high volume of information currently circulating, a clean summary table is a practical way to review these updates. Please note that at this stage, there is no predicted proposal or enactment date for these measures.
| Incentive | Implementation Notes | Primary Target |
|---|---|---|
| 20-Year Foreign Income Tax Holiday | Individuals relocating to Turkey will be exempt from tax on foreign-sourced income for 20 years[1]. (Eligibility: No residency in Turkey in the past 3 years; tax applies only to Turkish-source income[1].) | Expats |
| Service Export Tax Exemption | The 80% income tax exemption is proposed to increase to 100%[2]. Note: The 80% rule is currently available for freelancers to utilize today[1]. | Expats |
| Wealth & Asset Transfer | Transfer of foreign currency or gold into Turkey at a 2-3% tax rate[3]. Authorities will not perform tax inspections on these transfers[1]. | Business Owners |
| Transit Commerce Reduction | Corporate tax for transit commerce is reduced to 5%[4]. (Note: Within the Istanbul Finance Center, this tax is expected to be eliminated entirely[1].) | Corporations |
| Inheritance Tax Reduction | Reduction of inheritance tax to 1% for foreigners relocating to Turkey[1]. | Diaspora |
