Foreign corporations with investments in Turkey are deemed limited-liable taxpayers and are subjected to taxation on their income elements derived in Turkey by the provisions of the relevant tax laws, provided that they neither have legal headquarters or a center of transactions established in Turkey.

Foreign corporations with a limited tax liability are expected to declare their aggregate income elements through filing different tax returns depending on their type of income and their activities.

The tax return regarding income elements derived from commercial and agricultural activities during the year 2014 should be submitted between April 1, 2015 and April 25, 2015. The payable tax calculated and assessed on behalf and account of managers or representatives of foreign corporations is paid at the end of April 2015.