Is wage income from a foreign company subject to declaration?

• You will provide consultancy services to a Netherlands-based firm and receive payment in foreign currency for these services.
• Under Article 23 of the Income Tax Law, wages received in foreign currency from foreign firms that do not operate in Turkey are exempt from income tax.
• However, if the firm generates income in Turkey, this exemption cannot be applied, and you will need to declare the income.
• Additionally, contributions paid to the Social Security Institution for foreign service borrowing can be deducted from the taxable income.

Source: Revenue Administration of Republic of Türkiye
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