TURKEY INTRODUCES MAJOR TAX INCENTIVES

FOR NEW RESIDENTS AND INTERNATIONAL PROFESSIONALS

The new 20-year full exemption from tax on foreign-source income for new residents could become one of the most favorable special tax regimes among countries that levy personal income tax.

Key changes for individuals:

• Full exemption from personal income tax on foreign-source income for up to 20 years for new residents
• Inheritance tax reduced to 1% under the regime
• Tax exemptions and incentives for income arising from employee share awards and stock-based compensation for employees of technology startups
• Capital amnesty for assets transferred to Turkey by 31 July 2027
• Tax incentives for employees of the Istanbul Financial Center and international group service centers

Our team can help you assess whether Turkish tax residency is the right option for you and explain how these new incentives compare with special tax regimes available in other jurisdictions. To learn more, please contact us at.