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Taxes

Turkey — Tax: Wealth Tax

Turkey has no national wealth tax, but charges 20% general VAT, annual property tax of 0.1% to 0.3%, and 1% to 30% inheritance and gift tax.

VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries — Turkey, Individual, Other taxesLast reviewed: 2026-10-23

Key facts

  • The PwC page states there are no national wealth taxes in Turkey.
  • VAT ranges from 1% to 20% with a general rate of 20%.
  • Annual property tax is 0.1% on residences, 0.2% on other buildings and 0.3% on land, doubled in metropolitan areas.
  • A high-value residence tax of 0.3% to 1.0% applies to the excess above TRY 17,711,000 in 2026, and inheritance and gift tax runs from 1% to 30%.

Steps

  1. Step 1: Determine if you are subject to wealth tax — This typically involves assessing the total value of your assets, but the specific details and thresholds are unclear.

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