IM · EuropeTR · Asia
Isle of Man vs Türkiye: tax rates compared
Türkiye has an income tax rate of 40.8%, 19.8pp above Isle of Man's 21%. The 200-country average is 28%: Isle of Man sits below it, Türkiye sits above it. Isle of Man's figure is dated 2026-02-06 and Türkiye's 2025-01-01, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IM | TR | Difference |
|---|---|---|---|
| Income Tax | 21% | 40.8% | TR +19.8 pp |
| Corporate Tax | 0% | 25% | TR +25 pplargest gap |
| VAT | 20% | 20% | match |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Türkiye | 40.8% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −19.8 pp | Türkiye higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Türkiye | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −25 pp | Türkiye higher |
Türkiye has a corporate tax rate of 25%, 25pp above Isle of Man's 0%. The 201-country average is 22.6%: Isle of Man sits below it, Türkiye sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Türkiye | 20% | Source: PWC Worldwide Tax Summaries — Turkey (Corporate, Other taxes) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
Isle of Man and Türkiye share the same VAT rate: 20%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| Türkiye | 0% | Source: PWC Worldwide Tax Summaries — Turkey (Individual, Income determination) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
Isle of Man and Türkiye share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Other taxes) · as of 2026-02-06 |
| Türkiye | 0% | Source: PWC Worldwide Tax Summaries — Türkiye (Individual, Other taxes) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
Isle of Man and Türkiye share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.