Belize vs Turkey

Persons engaged in petroleum operations: income tax at 40% of the chargeable income from those operations, plus a petroleum surcharge.
Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as:

Other trading or businesses: 1.75%
Real estate income (rent, royalties, premiums, etc.): 3%
Professional / occupational income: 6%
Income from commissions, royalties, dividends, etc.: 15%
Financial institutions: 15%

25 (financial companies up to 30%)

Annual tax returns must be filed by March 31 of the subsequent tax year.

The 30th day of the fourth month after the end of the fiscal year.

Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month.

Corporate income tax is paid by the end of the month in which the return is filed (30 April for a calendar-year company).

Estimated tax payments follow the same monthly schedule as business tax payments.

Quarterly provisional tax is paid by the 17th of the second month after each quarter (17 May, 17 August, 17 November and 17 February).

15/NA/NA

0/0/0

15/15/0

15/10/20

12.5%

20

No separate capital gains tax. A company pays business tax at 5% on its annual net gain from realising real estate outside Belize, assets of a permanent establishment outside Belize, or debt, equity or other instruments issued by non-residents.

Capital gains are constrained by the normal corporate income tax rate.

22.33%

9.56%