There is only one single taxation system for sole proprietorships and LLCs in Turkey. This system obliges entrepreneurs to pay value added tax (VAT) and income tax respectively.
The VAT rate varies from 0% to 18%, in increments of 0/1/10/18. As for the profit tax, it is 20%. Businesses registered in a free economic zone may be exempted from paying profit tax.
In a landmark decision poised to reshape regional tourism, the six member states of the Gulf Cooperation Council (GCC) – the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Oman, and Kuwait – have formally approved the implementation of a unified tourist visa.
The move would mark a dramatic escalation of the White House’s immigration crackdown, extending visa limitations to key African allies, Caribbean nations, and Pacific Island states.
President Donald Trump has unveiled an official website for his "Trump Card" initiative
