Taxes on income, profits and capital gains in Turkey
Turkey: Taxes on income, profits and capital gains was 17.7% in 2024. ▼ Falling
Taxes on income, profits and capital gains in Turkey, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Turkey recorded 17.7% for taxes on income, profits and capital gains in 2024.
The figure is down 1.0% on the previous year and up 1.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in Turkey peaked at 51.7% in 1981 and was at its lowest, 16.2%, in 2013.
That places Turkey 108th out of 153 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 43 years of available data.
Taxes on income, profits and capital gains in Turkey, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 30.8% | — |
| 1973 | 36.3% | +17.7% |
| 1974 | 41.1% | +13.3% |
| 1975 | 40.0% | -2.6% |
| 1976 | 41.3% | +3.2% |
| 1977 | 46.9% | +13.7% |
| 1978 | 47.8% | +1.9% |
| 1979 | 46.9% | -1.9% |
| 1980 | 49.1% | +4.5% |
| 1981 | 51.7% | +5.3% |
| 1983 | 48.2% | -6.8% |
| 1984 | 49.4% | +2.6% |
| 1985 | 38.0% | -23.2% |
| 1986 | 43.5% | +14.5% |
| 1987 | 42.6% | -2.1% |
| 1988 | 39.5% | -7.2% |
| 1989 | 43.2% | +9.2% |
| 1990 | 42.0% | -2.6% |
| 1991 | 41.0% | -2.4% |
| 1992 | 39.6% | -3.5% |
| 1993 | 35.4% | -10.5% |
| 1994 | 33.1% | -6.6% |
| 1995 | 31.1% | -5.8% |
| 1996 | 31.9% | +2.6% |
| 1997 | 35.9% | +12.4% |
| 1998 | 40.2% | +11.9% |
| 2008 | 17.4% | -56.6% |
| 2009 | 17.5% | +0.6% |
| 2010 | 17.1% | -2.4% |
| 2011 | 17.4% | +1.8% |
| 2012 | 17.5% | +0.5% |
| 2013 | 16.2% | -7.5% |
| 2014 | 17.4% | +7.4% |
| 2015 | 16.8% | -3.6% |
| 2016 | 17.3% | +3.1% |
| 2017 | 17.9% | +3.2% |
| 2018 | 19.0% | +6.6% |
| 2019 | 18.8% | -1.5% |
| 2020 | 18.1% | -3.4% |
| 2021 | 20.4% | +12.7% |
| 2022 | 22.1% | +8.4% |
| 2023 | 17.9% | -19.1% |
| 2024 | 17.7% | -1.0% |
Turkey compared with similar countries
- Turkey's 17.7% is below the median for upper middle income countries, which is 22.7%, 78% of the median. (48 countries reporting)
- Turkey's 17.7% is below the median for Europe & Central Asia, which is 20.9%, 85% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | -56.6% | 40.2% | 17.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 41.4% | 30.8% | 47.8% | 8 |
| 1980s | 45.0% | 38.0% | 51.7% | 9 |
| 1990s | 36.7% | 31.1% | 42.0% | 9 |
| 2000s | 17.5% | 17.4% | 17.5% | 2 |
| 2010s | 17.5% | 16.2% | 19.0% | 10 |
| 2020s | 19.3% | 17.7% | 22.1% | 5 |
Countries ranked near Turkey
More public sector data for Turkey
- Arms imports 381.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.46 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -43.89 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 381.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 292.08 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0184 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 27.59 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 24.98 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 882.24 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Turkey?
- Taxes on income, profits and capital gains in Turkey was 17.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Turkey?
- The highest recorded value was 51.7% in 1981.
- What is the lowest taxes on income, profits and capital gains recorded in Turkey?
- The lowest recorded value was 16.2% in 2013.
- How does Turkey rank for taxes on income, profits and capital gains?
- Turkey ranks 108th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Turkey?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is falling.
- Where does this Turkey data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.