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Istanbul


 At Work


Pension plans


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.


29/06/2008

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