The incomes derived from the transfer or running of ships and yachts registered at Turkish International Ship Register are exempt from income and corporate tax and funds. (Law numbered 4490 a. 12, Corporate Tax General communiqué 1)
Buying, selling, mortgage, registration, credit, shipment agreements of the ships and yachts registered at Turkish International Ship Register are exempt from stamp duty, duties, banking and insurance tax and funds.
The wages of the staff working at the ships and yachts registered at Turkish International Ship Register are exempt from income tax and funds.