The Income Tax Announcement No. 287 issued by the Ministry of Finance has released in the Official Gazette on 30th December 2014. This presents individual income tax tables for the year 2015.
The table applicable to employment income in 2015 is as follows: | ||
Taxable Income (TRL) | Tax on Lower Amount | Rate on Excess (%) |
Up to 12,000 | 0 | 15 |
12,000-29,000 | 1,800 | 20 |
29,000-106,000 | 5,200 | 27 |
Over 106,000 | 25,990 | 35 |
The table applicable to all income other than employment in 2015 is as follows: | ||
Taxable Income (TRL) | Tax on Lower Amount | Rate on Excess (%) |
Up to 12,000 | 0 | 15 |
12,000-29,000 | 1,800 | 20 |
29,000-66,000 | 5,200 | 27 |
Over 66,000 | 15,190 | 35 |