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Taxation

Value added tax (VAT), assessed on the duty paid value, is levied on most goods. Three rates apply:

  • Basic foods and books – 8 per cent
  • Basic rate – 18 per cent
  • Some food items and others – 1 per cent

Additional taxes (special consumption tax) are imposed on automobiles, cigarettes, alcoholic beverages, white goods and fuel oil.

All corporations and limited liability entities are liable for corporation and withholding tax. Corporation tax is currently 20 per cent and withholding tax is 15 per cent.

A double taxation agreement between Turkey and Australia is still under negotiation.

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OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.

  • International Readiness Indicator

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    Austrade's International Readiness Indicator is an online tool to help Australian businesses determine whether they are ready for exporting.

    International Readiness Indicator

  • How Austrade can help

    Austrade provides information and advice to assist Australian companies reduce the time, cost and risk of exporting.

    Assistance from Austrade

  • Contact Austrade

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