At Work in Istanbul

Pension plans in Istanbul

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Foreign residents are generally subject to taxation on their worldwide income, thus foreign State and Private retirement pensions transferred to Turkey may be considered taxable income.

Turkey has signed double-tax treaties with some nations. However, the system is complicated and it is advised to get a Turkish attorney to go through your pension status and taxes.

Companies registered in Turkey must make a lump sum payment to employees who retire. This amount is based upon one month's wages per year of employment with the firm.

Update 29/06/2008


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