20 Turkey 20-Year Tax

Türkiye vs Italy, Greece & the UAE: Regimes Compared

Reviewed 24 July 2026 · By Bayraktar Attorneys
In short: Türkiye's 20-year foreign income exemption charges no annual fee and taxes qualifying foreign income at 0% for up to 20 years. Italy charges a €300,000 flat annual tax and Greece €100,000, each for up to 15 years, while the UAE levies no personal income tax generally but has no equivalent 20-year exemption. The trade-off in Türkiye is no deductions and no foreign tax credit on the exempt income.

Four regimes, side by side

Anyone weighing Europe's headline non-dom regimes against Türkiye's 2026 offer is really comparing two things: how much the shelter costs each year, and how long it lasts. Türkiye's 20-year foreign income exemption, introduced by Law No. 7582 (Income Tax Law, Mükerrer Madde 20/D), takes a different shape from the Italian and Greek flat-fee models — and the UAE is different again. The table below sets out the headline terms.

RegimeAnnual chargeRate on qualifying foreign incomeMaximum duration
TürkiyeNone0%20 years
Italy€300,000 flat per yearCovered by the flat chargeUp to 15 years
Greece€100,000 flat per yearCovered by the flat chargeUp to 15 years
UAENo regime of this kind0% personal income tax generallyNo equivalent 20-year framework

The Italian and Greek figures are the flat substitute-tax amounts payable each year on foreign income — Italy's €300,000 reflects its 2026 Budget Law, Greece's is €100,000. The UAE levies no personal income tax as a general matter, but it does not operate a comparable statutory exemption tied to a fixed multi-year horizon, so it sits in a different category from the three residence-based non-dom regimes.

Türkiye's two structural advantages

Two features stand out. First, duration: Türkiye's shelter runs for 20 years, against a ceiling of 15 in both Italy and Greece. That is a third longer, and for someone relocating in mid-life it can span the highest-earning and wealth-transfer years in a single continuous window. Second, cost: there is no annual lump-sum charge at all. Qualifying foreign income is simply exempt at a 0% rate.

The flat-fee models work the other way. An Italian non-dom writes a €300,000 cheque whether or not the shelter saved them that much in a given year; a Greek non-dom pays €100,000 on the same all-or-nothing basis. For a household whose foreign income is substantial but not enormous, that fixed charge can swallow the benefit — the cost of the shelter is fixed while the income it protects is not. Türkiye's percentage-based approach scales with the taxpayer rather than against them: the entry cost is meeting the eligibility test, not an annual fee.

The trade-off you accept

No regime is free of conditions, and Türkiye's has a specific one. Because qualifying foreign income is exempt rather than taxed-then-relieved, you get no deduction for expenses related to that income and — importantly — no foreign tax credit for tax already paid abroad on it. If a foreign jurisdiction taxes the same income at source, that foreign tax is a real cost you cannot recover, because there is no Turkish liability to credit it against. We unpack this in our note on why there is no foreign tax credit.

The practical consequence is that the headline 0% is most valuable on income sourced in low- or no-tax jurisdictions, where the exemption is close to absolute. For income already taxed heavily at source, the 0% overstates the real-world saving, and a flat-fee regime with a foreign tax credit could in theory close some of the gap. This is where the comparison stops being a table and starts being a modelling exercise.

Which regime suits whom

  • Large, lightly taxed foreign income over a long horizon: Türkiye's 20-year, no-charge model is hard to beat.
  • Very large foreign income where a fixed fee is a rounding error: Italy or Greece's flat charge can still work.
  • Income already heavily taxed abroad: weigh the lost foreign tax credit before assuming 0% means zero cost.
  • No desire for residence ties at all: the UAE's general absence of personal income tax is a different proposition.

Beyond the headline rate

The comparison should not stop at the shelter itself. Türkiye's exemption covers only foreign-source income; Turkish salary, Turkish business profit and Turkish rent remain taxable, and other taxes — VAT, property tax, motor vehicle tax and stamp duties — apply as normal. Eligibility also turns on a strict test: you must become a Turkish tax resident from 1 January 2026 and have had no Turkish domicile and no Turkish tax liability in the three preceding calendar years. Italy and Greece run their own qualifying conditions and transfer-of-residence rules. The right choice depends on the shape of your income, where it is taxed today, and how long you intend to stay.

Illustrative, not advisory. The Italian and Greek figures are the published flat-charge amounts for 2026 and can change with each year's budget legislation; the UAE position is described in general terms only. Cross-border residence planning turns on your specific facts and any applicable double-tax treaty — take advice before relying on any single regime.

Comparing Türkiye against another regime?

The right answer depends on where your income is taxed today and how long you plan to stay. Bayraktar Attorneys can model the Turkish exemption against your current position and manage the residence process end to end.

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Bayraktar Attorneys
This guide is written and maintained by the international tax and corporate team at Bayraktar Attorneys, an Istanbul-based law firm advising foreign investors, expatriates and returning professionals on Turkish tax residency, corporate structuring and citizenship. It is reviewed for the Turkey 20-Year Tax project and updated as the Ministry of Treasury and Finance issues implementing guidance.

Frequently Asked Questions

Which regime lasts the longest?
Türkiye's. Its foreign income exemption runs for 20 years, against a ceiling of up to 15 years in both Italy and Greece. That longer horizon is one of the main reasons new residents compare the Turkish regime favourably.
Does Türkiye charge an annual fee like Italy or Greece?
No. Türkiye applies no annual lump-sum charge — qualifying foreign income is exempt at a 0% rate. Italy charges a €300,000 flat tax per year and Greece €100,000 per year on foreign income, regardless of how much the shelter actually saves in a given year.
What is the catch with Türkiye's 0% rate?
Because the income is exempt rather than taxed and relieved, you get no deduction for related expenses and no foreign tax credit for foreign tax already paid on that income. Where income is heavily taxed at source, the real-world saving is smaller than the headline 0%.
How does the UAE compare?
The UAE levies no personal income tax as a general matter, but it does not operate an equivalent statutory 20-year exemption framework. It belongs in a different category from Türkiye, Italy and Greece, which are residence-based non-dom regimes.
Does Türkiye's exemption cover Turkish income too?
No. It covers only foreign-source income and gains. Turkish salary, Turkish business profit and Turkish rent remain taxable, and VAT, property tax, motor vehicle tax and stamp duties still apply.

Sources & Legal References

  1. Law No. 7582, Official Gazette No. 33270, 4 June 2026 (Income Tax Law, Mükerrer Madde 20/D)
  2. KPMG — Türkiye: New 20-Year Foreign Income Exemption and 'Asset Peace' Regime — kpmg.com
  3. CCS Law — Türkiye Tax Incentives 2026: New Law for Investors, Expats and Businesses — ccs.law