Tax guide · checked 2026-10-31

Prop firm payouts and tax in Türkiye

No GİB özelge on prop-firm payouts was found. A resident who regularly earns fees from a foreign firm through trading skill falls either under serbest meslek kazancı (GVK md. 65: work based on personal effort and expertise rather than capital, non-commercial, independent) or ticari kazanç (GVK md. 37). Practitioners lean to ticari kazanç. Both use the same ücret dışı tarife (GVK 103), geçici vergi at 15% and compulsory Bağ-Kur (4/b), so the tax estimate is identical. Bookkeeping (serbest meslek kazanç defteri on a cash basis vs işletme/bilanço defteri) and invoicing (e-SMM vs e-Fatura/e-Arşiv) differ.

Usually taxed as: not settledTreatment disputed — get adviceTax year: calendar year (1 Jan – 31 Dec)

Advisers in Türkiye disagree on how prop payouts are taxed and the tax office has not ruled. Get advice before you file. Basis: GİB Serbest Meslek Kazancı Rehberi (Feb 2025): 'Serbest meslek faaliyeti, sermayeden ziyade şahsi mesaiye, ilmi veya mesleki bilgiye veya ihtisasa dayanan ve ticari niteliği olmayan işlerin işverene bağlı olmaksızın şahsi sorumluluk altında kendi nam ve hesabına yapılmasıdır.' No ruling applies this to simulated-account prop payouts.

Which forms and boxes

Yıllık Gelir Vergisi Beyannamesi (Hazır Beyan / Defter-Beyan Sistemi)
Serbest meslek kazancı or ticari kazanç section: hasılat − giderler = kazanç. Bağ-Kur primleri deducted as expense. Geçici vergi offset.
When: All individuals with real-basis (gerçek usul) business or professional income
Official source
Gelir Geçici Vergi Beyannamesi
Cumulative quarterly kazanç × 15%
When: Q1–Q3 each year (no Q4 return)
Official source

Deadlines

Tax year 2026

2026-05-17Geçici vergi Q1 2026 (falls on a Sunday, so the next business day applies)
2026-08-17Geçici vergi Q2 2026
2026-11-17Geçici vergi Q3 2026
2027-03-31Yıllık beyanname for 2026 income (1–31 Mar 2027) and 1st instalment
2027-07-312nd instalment of 2026 income tax

Tax year 2025

2025-05-17Geçici vergi Q1 2025: return and payment (next business day if weekend or holiday)
2025-08-17Geçici vergi Q2 2025 (next business day if weekend or holiday)
2025-11-17Geçici vergi Q3 2025
2026-03-31Yıllık beyanname for 2025 income (filing window 1–31 Mar 2026) and 1st instalment of income tax plus beyanname damga vergisi
2026-07-312nd instalment of 2025 income tax

Registration, costs and currency

Registering: Vergi mükellefiyeti: file the işe başlama bildirimi within 10 days of starting, electronically through the Dijital Vergi Dairesi or on paper at the vergi dairesi (a lawyer or SMMM may file it). Serbest meslek: apply for e-SMM by the end of the 3rd month after the start month. Defter-Beyan Sistemi users must enrol by the 7th business day after the notice. Starting a tax registration as a self-employed person triggers compulsory 4/b (Bağ-Kur) insurance. Source: GİB Serbest Meslek Kazancı Rehberi §19.1.1, turmob.org.tr
Challenge fees and other costs: Deductible: likely. Under the general rule, expenses incurred to earn the professional or commercial income are deductible against hasılat, with documents. Bağ-Kur primleri paid for the activity are deductible: GİB rehber examples 2, 4 and 7 deduct the Bağ-Kur premium before the taxable base. Foreign challenge-fee receipts need to be documented. No specific ruling exists.
Converting to TRY: Foreign-currency amounts are converted at the TCMB döviz alış kuru (as published in the Resmî Gazete) on the date of the transaction or document, unless a contract rate is agreed (VUK md. 215/2-a and md. 280; 253 and 477 Sıra No. VUK Genel Tebliğleri; İstanbul VDB özelge 18.08.2017 no. 11395140-105[VUK-1-20626]-256502). For serbest meslek (cash basis), use the rate on the collection date. That özelge binds only the requester.
Forms the firm sends you: None. Foreign prop firms do not withhold Turkish tax (stopaj) or issue a Turkish information return. The trader issues e-SMM or e-Fatura/e-Arşiv to the foreign firm.
VAT / GST: Services supplied to a foreign firm and used abroad can qualify for the KDV hizmet ihracatı exemption (KDVK 11/1-a, 12/2): the invoice is issued with KDV-exempt status. Whether a prop payout is a 'service' for KDV has not been ruled on. Not researched further.

What to watch out for

Use the ÜCRET DIŞI schedule. The wage schedule differs above 800k (2025) or 1M (2026) TL and must not be used.
Do NOT apply the GVK 89/13 export-services deduction (80%) to prop payouts. The activity is not a listed service.
Do NOT claim the classification is settled. No GİB özelge exists, and serbest meslek vs ticari kazanç is disputed (the tax result is the same).
Bağ-Kur is based on the declared PEK, not on profit. The estimate assumes minimum PEK and the 5-point discount, which is lost if any 4/b debt exists.
The 5% uyumlu mükellef indirimi (GVK mük. 121) is not modelled. It is conditional and capped.
Genç girişimci istisnası and its Bağ-Kur support (the support ended 1.1.2026) are not applied by default.
Crypto payouts: no TR guidance on valuation found. Value at TCMB rate for the stablecoin's fiat peg at your own risk.
Geçici vergi is an advance, not an extra tax. Do not add it to the total.

Not yet confirmed from an official source

We list these so you know exactly what to double-check.

Classification (serbest meslek vs ticari kazanç). No official ruling.
4/b MYÖ rate rising to 21% in 2026 (total 35.75%) is from secondary sources. PwC's summary of Law 7566 does not list 4/b explicitly.
2025 4/b total rate 34.75% and the component split were not read on sgk.gov.tr.
2026 Resmî Gazete text of Tebliğ 332 was read via alomaliye/PwC copies, not resmigazete.gov.tr. The bracket arithmetic is internally consistent.
GİB 2026 rehber (2025 income) with 2025-tariff worked examples exists on cdn.gib.gov.tr but could not be fetched. The official examples above use the 2024 tariff.
Damga vergisi on the annual return filed in 2027 (2027 amount not published).
KDV treatment of prop payouts.

Sources (13)

Prop payout tax calculator

Tax yearPayouts received (TRY)Costs: challenge fees, resets, data (TRY)Income type (same tax either way)Declared Bağ-Kur PEK (TRY per month)5-point Bağ-Kur discount (paid on time, no 4/b debt)

Payouts

TRY 1,500,000.00

Costs

TRY 60,000.00

Profit

TRY 1,440,000.00

Estimated tax for 2025TRY 469,345.79

32.6% of profit · official Türkiye rates, checked 2026-10-31

Covers gelir vergisi + Bağ-Kur.

Kazanç (payouts − costs)	TRY 1,440,000.00
Bağ-Kur 4/b premiums (29.75% of PEK TRY 26,005.50/month × 12)	TRY 92,839.68
Taxable income (kazanç − Bağ-Kur)	TRY 1,347,160.32
Gelir vergisi (GVK 103, non-wage tariff)	TRY 376,506.11

What this assumes and leaves out

The tax is the same whether payouts are serbest meslek kazancı or ticari kazanç (no GİB ruling); both use the non-wage tariff and compulsory Bağ-Kur.
Bağ-Kur on the legal minimum PEK (TRY 26,005.50/month). You can declare more; enter it in your tax profile.
Premiums paid on time with no 4/b debt, so the 5-point discount applies.
Bağ-Kur is due for every month you are registered, even in a year with no profit. Geçici vergi is an advance against this tax, not an extra tax.
Not included: The 80% export-services deduction (GVK 89/13) does not apply to prop payouts and is not used.
Not included: Genç girişimci istisnası, the 5% uyumlu mükellef discount, and damga vergisi on the returns.

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The Tax Center in PropFundHub converts every payout and challenge fee to TRY on its own date, flags duplicates and missing rates, and exports a statement with the forms above.

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This page summarises official sources for traders who receive prop-firm payouts. It is general information, not tax advice; your situation (other income, residency, company structure) can change the answer. Checked 2026-10-31.

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