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Dividend tax in Turkey 2026
Half of every domestic dividend is exempt: the paying company withholds 15%, and if your investment-and-multi-employer income stays under TRY 400,000 the withholding ends the matter.
Above the line, the taxable half joins the scale — but the full 15% withholding credits against the bill, so effective rates stay moderate.
At a glance
- top rate
- Effective ≈20% at the top (40% on half, less credits)
- entry band
- Withholding-only below TRY 400,000 of relevant income
- tax year basis
- Calendar year
- filing deadline
- End of March where declaration is required
- residency basis
- Residents; qualifying foreign dividends can be exempt
- regime flag
- Withholding rose from 10% to 15% in December 2024
Rates
How dividends are taxed (2026)
| Rate | Base | Applies to |
|---|---|---|
| 15% | Gross dividend | Withholding by resident companies — for residents and non-residents |
| Scale (15-40%) | 50% of the gross dividend | Declared when relevant income passes TRY 400,000; the full withholding credits |
| 0% | — | Foreign dividends where the individual owns 20%+ of the foreign payer (cut from 50% by an April 2026 decree, applying to 2026 income) and remits the dividend by the filing deadline |
Thresholds & allowances
- Declaration thresholdTRY 400,000 (2026)
Movable plus immovable-property income plus multi-employer salaries; below it, withholding is final
Residency
Residency trigger
The 50% exemption plus full credit replaced the old one-fifth imputation credit; board members' profit shares count as dividends while their fixed fees are salary.
Non-resident treatment
Non-residents bear the 15% withholding as a final tax with nothing to declare; treaties can reduce it.
Notes
- Interest is a separate final-withholding world: bank-deposit rates vary with maturity, and bonds issued from 2006 carry a 10% final withholding.
- Repo income carries a 15% final withholding.
- Foreign-currency debentures issued abroad by Turkish companies bear 0-7% withholding by maturity — over 3 years is 0%.
FAQ
How are dividends taxed in Turkey?
A 15% withholding at source, with 50% of the dividend exempt — below TRY 400,000 of relevant income the withholding is final, and above it the credit still offsets the scale tax.
Are foreign dividends taxed in Turkey?
They can be exempt — ownership of at least 20% of the foreign company (the threshold was cut from 50% in April 2026, applying to 2026 income) and remittance to Turkey by the March filing deadline qualifies; otherwise they are declared at the 15-40% scale.
Figures: tax year 2026, compiled from public sources. Not tax advice.