Corporate Tax Comparison

Puerto Rico vs Turkey

Compare Puerto Rico and Turkey corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Published — Puerto Rico: 2/14/2024 · Turkey: 2/14/2024 · Time of Update — Puerto Rico: 4/05/2026 · Turkey: 10/02/2026

Base Country/Region

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Compare Corporate Tax

Puerto Rico

Turkey

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Puerto Rico: 2/14/2024 · Turkey: 2/14/2024 · Time of Update — Puerto Rico: 4/05/2026 · Turkey: 10/02/2026

Corporate Income Tax (CIT)

Puerto Rico

Turkey

General CIT Rate:

37.5 (i.e. 18.5% plus an additional tax of 19% on income over $275,000).

General CIT Rate:

25 (financial companies up to 30%)

CIT Return Due Date:

Regular companies - within the first 15 days of the fourth month after the end of their tax year. Tax-exempt businesses - within the first 15 days of the sixth month after the end of the tax year.

CIT Return Due Date:

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

CIT Payment Due Date:

Regular companies - within the first 15 days of the fourth month after the end of their tax year. Tax-exempt businesses - within the first 15 days of the sixth month after the end of the tax year.

CIT Payment Due Date:

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

CIT Estimated Payment Due Date:

Ordinary companies - equal installment payments on the 15th day of the fourth, sixth, ninth, and twelfth months of the company's tax year. Tax-exempt businesses - the first and second installments can be jointly paid on the 15th day of the sixth month of the company's tax year.

CIT Estimated Payment Due Date:

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

Withholding Tax (WHT)

Puerto Rico

Turkey

Resident Withholding Tax (Dividend/Interest/Royalty):

0/0/0

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

10/29/29

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

15/10/20

Value-Added Tax (VAT)

Puerto Rico

Turkey

General VAT Rate:

11.5

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Puerto Rico

Turkey

General Capital Gain Tax Rate:

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

Effective Tax Rate (ETR)

Puerto Rico

Turkey

Composite Effective Average Tax Rate:

22.33%

Composite Effective Marginal Tax Rate:

9.56%

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