Romanian Law Firm.com is has many collaborations with overseas partners, including Turkey. These have provided the following information on how a foreign investor in Turkey can avoid double taxation.
Turkey has signed this kind of treaties with a lot of countries: Albania, Algeria, Azerbaijan, Austria, Bahrain, Bangladesh, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Canada, China, Croatia, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, India, Indonesia, Iran, Israel, Italy, Japan, Jordan, Kazakhstan, Korea, Kuwait, Kyrgyz Republic, Latvia, Lebanon, Lithuania, Luxembourg, Macedonia, Malaysia, Moldova, Mongolia, Montenegro, Morocco, New Zealand, Norway, Oman, Netherlands, Northern Cyprus, Norway, Pakistan, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia and Montenegro, South Africa, South Korea, Singapore, Slovakia, Slovenia, Spain, Sudan, Syria, Sweden, Tajikistan, Thailand, Tunisia, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, Yemen, United States of America and Uzbekistan.
In the future, there will be other double tax treaties to be signed. Due to these treaties, the foreign investors are exempt from paying the taxes for the income and the capital for companies that are already paying the taxes in the parent country of the investor. The foreign entrepreneur should present a proof of the fact that he pays the taxes in one country in order to be exempt from the fiscal obligation in Turkey. He must present a certificate of taxation from his country of residence and an application.
The foreign investor can ask for a refund after he paid the taxes in the two countries, if he has a proof of the fact that he paid double taxes.
If you need more information about the taxation, you can ask our lawyers (www.lawyer-turkey.com/contact) in Turkey who provide a wide range of legal services to international clients interested in setting up a company in this country.
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