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Money Income Tax Rates 2011
Money Income Tax Rates 2011
Wednesday, 05 January 2011 01:00
The latest bandings have been announced.
If you are a tax payer or plan to be one in Turkey then you wil be interested in the tax take based on earnings.
The rates for 2011 have just been announced and are as follows:
Income Band |
Tax Rate |
Up to 9,400 TL |
15% |
9,400 TL to 23,000 TL |
20% |
23,000 TL to 53,000 TL |
27% |
53,000 TL and above |
35% |
Notes
Unlike the UK there is no 'tax free' allowance.
Earnings are taxed on bandings so of you earn 15,000 TL, for example, you pay 15 percent tax on the first 9,400 TL of your income and 20 percent on the balance of 5,600 TL.
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