Turkish banks dominate corporate tax champions list 2012
It is reported that there are seven banks and the Central Bank in the list which was declared by Turkey’s Revenue Administration yesterday.
Among top runners Garanti Bank, was Turkey’s top corporate tax payer in 2012.
Garanti Bank is owned by the Turkish conglomerate Doğuş Group and headed by GM Ergun Özen.
The bank which paid 1.18 billion Turkish Liras in taxes was followed by the Turkiye İşbank and Akbank with 1.15 billion and 1.11 billion liras, respectively.
In the fourth place was state-run Ziraat Bank which paid 1.1 billion. The next in the list was Halk Bank, another state-run bank which paid about 1 billion liras.
Yapı Kredi Bank, a joint venture between Turkish Koç holding and Italy-based Unicredit ranked sixth in the list, with 750 million liras of taxes.
The Central Bank of Turkey was another champion in the list (and champion of 2011) with 743 million. Vakıflar Bankası was another national bank ranking ninth in the list, with 509 million liras in tax.
According to the report provided by Turkey’s Revenue Administration the number of taxpayers who had submitted their yearly tax returns by the end of April 2013 were around 623 thousand and a total of 31.9 billion liras of corporate tax was accrued by the authority, out of the declared 161.525 billion liras of taxable incomes.
