On 30 December 2014, Turkey's individual income tax brackets for 2015 were issued by the Turkish Ministry of Finance. There are no changes to the bracket tax rates, but each bracket threshold is increased.
For employment income, the brackets and rates are as follows:
- up to TRY 12,000 - 15%
- over TRY 12,000 to TRY 29,000 - 20%
- over TRY 29,000 to TRY 106,000 - 27%
- over TRY 106,000 - 35%
For income other than employment income, the top bracket threshold is instead TRY 66,000 while the lower b…