Tax Advisory

I am tax resident in Turkey and own a company abroad. Do I have to declare the dividends here?

Yes. A full tax resident in Turkey is taxed on worldwide income, and a dividend from a company abroad counts as investment income that goes on the annual return. Whether the money ever reached a Turkish bank account does not change the obligation. What matters is that the income was earned, not where it currently sits.

Read the full article: You Earned It Abroad. How Do You Bring It Into Turkey? →