Wage Tax in Turkey
Turkey's wage tax (STOPP) is called the deduction tax from the source, a certain amount (about 20%) is deducted from the salaries and wages earned by employees and workers as income tax...
Wage Tax in Turkey
Turkey's wage tax (STOPP) is called the deduction tax from the source, a certain amount (about 20%) is deducted from the salaries and wages earned by employees and workers as income tax, The tax shall be deducted before the income reaches the taker, and the tax shall be paid by a third party other than the parties charged with payment, For example, owners of factories or companies owners and dealers all must pay the tax of their workers and employees. Public sector institutions also pay their employees' salaries, this is done by deducting the tax from the wages of workers and employees and paying them to the relevant tax services. The purpose of the emergence and spread of this type of tax is to prevent tax evasion and Not to confuse tax departments with the large number of clients, and to ease the burden of tax officials, as well as to reduce the psychological impact that may appear on the taxpayers to cut this tax from their salaries as soon as they reach their hands.
The wage tax (Stoppage) is deducted from salaries and wages during the period up to the evening of the 23rd of the following month, they are paid with a brief statement to the relevant tax department. According to the Income Tax Law, the public and private institutions that have the responsibility to pay the wage tax to the concerned tax departments on behalf of their employees are: Public institutions, public economic institutions, various institutions and departments, various commercial companies, associations and endowments and economic institutions affiliated with them, heads of trade, professions and self-employed who are obliged to show their real profits, farmers and farmers who earn profits through budgets or agricultural projects.
Edited by: Imtilak Real Estate ©
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