Menu
Expat.com

Tax for no-residents in Turkey

Last activity 04 November 2020 by Accountant / Antalya

Post new topic

bachir123

Hi,

I am living in Lebanon and I would like to open an account in Turkey because banks in Lebanon could go to bankrupt.

My question is : why do I need to have a tax number in TurKey if I am not living nor working in TurKey ? Does this tax number means that  I must pay tax on the money entering in my bank account even if I am not resident in Turkey?

Thanks

Borraro

it is difficult for banks to question the authenticity of foreign identifications or passports. tax office will do this on behalf and so individuals can be examined to prevent illegal transactions or avoid tax evasions.
there is no relation between having tax number and being tax payer. you are not obliged for the money unless it is commercial income, no matter you are resident or not.
i m not sure, but i think you need a valid address in turkey in any case to be able to get tax number. they often change the regulations to harmonise with adjustment laws.

turkey1

you will get answer at www.crosstechgroup.net
regrads

bachir123

Hi Borraro ,
Normally we pay income tax in the country where we are resident. It is Lebanon in my case.

My ecommerce business is using a company in Ireland. After paying taxes on the company revenue in Ireland, this company will pay to me dividends as individual. I'll declare and pay tax on these dividends in the country where I am living, this means in Lebanon, even if the money will arrive to my account in a bank in Turkey.

This is a very important point because I don't want to pay twice for my dividends income.

Borraro

i meant commercial or rental income within turkish boundaries. does yr business have service in turkey? even if not, it will still take attention if it comes from a legal entity.
why dont you have a bank account in ireland then? yet, what's your deal?

bachir123

I have several actvities. I provide IT services for european companies and I am selling gifts online in Europ.  I don't have business with Turkey.

I must be resident in Ireland to be able to open an account there. It is not easy, maybe impossible, to become resident in Ireland with a lebanese passport.

Before the problems in Lebanon, I had bank accounts in my country. Now I need to open an account somewhere in this world so that dividends can come to this account. But I don't want to pay taxes in this country. I am already paying taxes in Lebanon where I am living.

Regards

Borraro

There are tens of "tax heaven" countries you can select before Turkey.
Or, why not an offshore account?

bachir123

Not so easy with a lebanese passport. I tried for example Panama but they said that Lebanon does not belong to freindly countries so it will be complicated.

I also asked in Cyprus ... must be resident.

I'll be happy If you have any suggestion.

Regards

Fandango2020

you need a Turkish resident visa, Turkish tax number, a utility bill as a proof of address in Turkey and a passport to open a bank account in Turkey. Period.

turkey1

your answer is available www.crosstechgroup.net

regards

Accountant / Antalya

Hey, you do not reside in Turkey, and you have to prove your income. Turkey has bilateral trade agreements between Ireland. the tax you pay in ireland
  You will not be in Turkey again

Articles to help you in your expat project in Istanbul

  • The tax system in Türkiye
    The tax system in Türkiye

    This is probably not the most exciting and glamorous side of expatriation, but let's face it: with your new ...

  • Accommodation in Istanbul
    Accommodation in Istanbul

    The largest city in Türkiye, Istanbul is one of the most popular travel destinations for foreigners. There is ...

  • Working in Istanbul
    Working in Istanbul

    Just like most big cities, Istanbul has a variety of job opportunities in industries ranging from electronics to ...

  • Buying property in Istanbul
    Buying property in Istanbul

    Istanbul is a city that regularly welcomes newcomers. With its relentless energy, it attracts all types of ...

  • Universities in Istanbul
    Universities in Istanbul

    Istanbul, a city that straddles two continents, Europe and Asia, has long been a melting pot of cultures, ideas, ...

  • The work culture in Istanbul
    The work culture in Istanbul

    Istanbul has always been Türkiye's economic heart. From history to modern times, the city always carried ...

  • Building your social circle in Istanbul
    Building your social circle in Istanbul

    Networking and socializing are key in Istanbul, a city teeming with opportunities for business, work, or social ...

  • Choosing your neighborhood in Istanbul
    Choosing your neighborhood in Istanbul

    Imagine a city with a history dating back to the 7th century BC, glamorous and with a vibrant and unique cultural ...

All of Istanbul's guide articles