Turkish VAT law provides three groups for VAT rate purposes. VAT tax base rate is set at 18% and two reduced rates 8% and 1%. It might be worthwhile to take a look at detailed lists of products and services as products within range of your company activity might be included in one of reduced rates. Corporate income tax as of 2022 is set at 23% rate, however that is due to temporary changes – main tax is 20% and is expected to return to base value in 2023 unless changes in legislation take place. When it comes to financial sector tax rate is 25% according to the Turkish tax laws.
Source: polishtax.com
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