On 30 December 2023, Turkey released the Income Tax General Communiqué No. 324 in the Official Gazette, which outlines the new individual income tax rates for 2024.

The following tax brackets and rates apply to employment income:

  • Up to TRY 110,000: 15% rate
  • over TRY 110,000 up to 230,000: 20% rate
  • Over TRY 230,000 up to 870,000: 27% rate
  • Over TRY 870,000 up to 3,000,000: 35% rate
  • Over TRY 3,000,000: 40% rate

For non-employment income, the number of brackets and rates remain unchanged. The  tax brackets and rates for non-employment income are as follows:

  • Up to TRY 110,000: 15%
  • Over TRY 110,000 up to 230,000: 20%
  • Over TRY 230,000 up to 580,000: 27%
  • Over TRY 580,000 up to 3,000,000: 35%
  • Over TRY 3,000,000: 40%

The General Communiqué goes into effect on 1 January 2024.