Turkey Tax Agency Posts Updated Brochure on Tax Incentive for Young Entrepreneurs

The Turkish Revenue Administration March 2 issued Publication No. 599, and an infographic, updating guidance on the individual income tax incentive for young entrepreneurs starting a new business. Topics covered include: 1) the exemption for three tax periods starting from the calendar year in which the taxpayer commenced activity, in the amounts of 400,000 Turkish lira (US$9,095) for 2026, increased from 330,000 lira (US$7,503) for 2025, and updated annually; 2) the application of the incentive to qualifying fully taxable individuals with income tax liability established for the first time due to commercial, professional, or other specified activity, who have not ...