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Taxation is an important part in the Turkish economy.Turkey has a 41.65% tax to GDP ratio (in 2021). [1] Most of the taxes are levied by central government. However some specific taxes are levied by municipalities, with the amount determined by centrally issued legislation.
0% (first €8,700 per year is tax free) 49.5% [172] 21% (standard rate) 9% (essential and selected goods) Under the new policy it is 36% with out a tax free limit. The old system presumes 7.6% gains for investments & 4% gains on banksaldo interest, taxed 36% Taxation in the Netherlands New Zealand: 28% 10.5% [173] 39% [174] 15% Taxation in New ...
In the First Turkish National Grand Assembly the law firstly accepted was a tax law. Despite the fact that the Ministry of Finance was organized in 1923 after Turkish Republic was founded, “The Code on the Ministry of Finance and Its Duties” was accepted in 1936. The General Directorate of Revenues was established with the Law in 1946.
These figures will shrink after income tax is applied. In some countries, social security, contributions for pensions, public schools, and health are included in these taxes. In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies.
The Varlık Vergisi (Turkish: [vaɾˈɫɯk ˈvɛɾɟisi], "wealth tax" or "capital tax") was a tax mostly levied on non-Muslim citizens in Turkey in 1942, with the stated aim of raising funds for the country's defense in case of an eventual entry into World War II.
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