As per Turkish Law, real persons and legal entities willing to to reside, invest, or engage in financial and business activities in Turkey shall obtain a Potential Tax ID number in Turkey. The Turkish ID numbers of the citizens are considered also as their tax ID numbers.
On the other hand, as per General Communique on the Tax Identification Number, since Turkish Republic ID number is not provided to foreign nationals who are not citizens of the Republic of Turkey, these persons themselves shall obtain a tax id number in Turkey by applying to the Tax Office for a wide range of legal transactions.
Why Do You Need a Tax ID Number?
The Potential Tax ID number is a must-have tool for a multitude of official transactions in Turkey. You will have to get a tax number if you want to;
While obtaining a tax number doesn’t immediately imply tax liability, it simplifies official transactions for foreigners.
You are not obliged to go to the Tax Office to obtain a Tax ID number in Turkey. There are two ways to acquire a tax number:
Obtaining a tax ID number in Turkey takes just a few minutes using either method mentioned above, provided you have the necessary documents prepared. For foreign legal entities, additional documentation, translation, and notarization are required.
In conclusion, the Potential Tax ID number is your gateway to a host of opportunities in Turkey. It simplifies administrative procedures, empowers property ventures, facilitates essential services, ensures well-being, and streamlines legal processes.