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TRNC corporate tax rate: flat 10%, including foreign corporations

Rule record · last verified 20 September 2026

In force. Start date not confirmed in this record.

Rule

TRNC corporate tax is a flat 10% on net corporate income, explicitly including foreign corporations — no rate differential by ownership, though the taxable base differs (worldwide vs. TRNC-source only) by where the company is seated.[1]

Exceptions

  • No standalone capital-gains-on-share-sale provision was found — such gains appear to be folded into ordinary trading profit at the normal 10% rate (Corporate Tax Law computes income by reference to Income Tax Law rules), but this is inference from adjacent provisions, not a directly stated rule.
  • This Rule states the RATE only. The taxable BASE differs by where the company is seated (worldwide income vs. TRNC-source income only) — that distinction is not restated here and should not be assumed uniform.

Where this rule comes from

Instrument
Corporate Tax Law, No. 41/1976 (consolidated through amending Law 37/2014), Article 23, Articles 9, 11-12
Authority
Assembly of the Republic (Cumhuriyet Meclisi), TRNC
Jurisdiction
Turkish Cypriot administration (TRNC)
Basis
Legislation · asserted by us within this jurisdiction
Verification
Primary source verified. We read the primary text ourselves on 20 September 2026.
Legal review
Not yet reviewed by a named legal reviewer.

Editorial note

Where the underlying research recorded an uncertainty, it appears in this rule's own Exceptions section, not omitted.

History of this rule

  • — Published following Founder approval (decision recorded 2026-09-20, by the Founder). (version 1, First published)

Sources for this rule

Numbered in order of first use. Each entry names the kind of source it is and the day we read it.

  1. [1]
    Corporate Tax Law, No. 41/1976 (consolidated through amending Law 37/2014)

    Tax Office, TRNC · Legislation and gazettes · original in Turkish · accessed 20 September 2026 · source record

Cite this record

https://northcyprusreference.com/en/rules/corporate-tax-rate-and-scope

Identifier corporate-tax-rate-and-scope · Open data · challenge this rule