Turkey’s Revenue Statistics 2019 – OECD
According to the Revenue Statistics report published by the Organization for Economic Co-Operation and Development (OECD), the tax-to-GDP ratio in Turkey decreased by 0.5 percentage points from 24.9% in 2017 to 24.4% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period. The tax-to-GDP ratio in Turkey has increased from 23.6% in 2000 to 24.4% in 2018. Over the same period, the OECD average in 2018 was slightly above that in 2000 (34.3% compared with 33.8%). During that period the highest tax-to-GDP ratio in Turkey was 25.9% in 2011, with the lowest being 23.1% in 2007 and 2008.
Turkey ranked 32nd out of 36 OECD countries in terms of the tax-to-GDP ratio in 2018. In 2018, Turkey had a tax-to-GDP ratio of 24.4% compared with the OECD average of 34.3%. In 2017, Turkey was ranked 33rd out of the 36 OECD countries in terms of the tax-to-GDP ratio.
Relative to the OECD average, the tax structure in Turkey is characterized by:
- Substantially higher revenues from goods & services taxes (excluding VAT/GST), and higher revenues from social security contributions.
- Equal to the OECD average from value-added taxes
- A lower proportion of revenues from taxes on personal income, profits & gains; taxes on corporate income & gains; and property taxes.
- No revenues from payroll taxes.
Source: Organization for Economic Co-Operation and Development (OECD) / link: http://www.oecd.org/tax/tax-policy/revenue-statistics-turkey.pdf
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
