HomeEconomyBaykar CTO tops list of Türkiye's highest taxpayers in 2023

Baykar CTO tops list of Türkiye’s highest taxpayers in 2023

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Selçuk Bayraktar, the chairperson of the board of administrators and chief know-how officer at Baykar, a Turkish protection large acknowledged for its drone manufacturing, topped the listing of Türkiye’s main taxpayers in 2023, after having the identical time title a 12 months earlier.

As a results of an analysis of the annual earnings tax and company tax returns for the 2023 taxation interval, the Turkish Revenue Administration (GIB) introduced on Wednesday the listing of the 100 taxpayers who declared the very best tax in Türkiye.

Bayraktar led the listing by paying TL 1.95 billion ($57.30 million) in taxes and was adopted by Baykar’s common supervisor, Haluk Bayraktar, with TL 1.68 billion.

Thus, the primary two locations on the listing of Türkiye’s tax document holders have been shared by the managers of the protection large, which has been on the prime of the listing for the final three years.

Specializing in drone know-how, Baykar emerged as one of many pioneers within the transformative journey of Türkiye’s protection trade, having signed contracts to promote its famed Bayraktar TB2 drones to at the very least 30 nations thus far.

The firm can be holder of the title of highest protection exporter in 2023, accounting for practically a 3rd of the document $5.5 billion trade generated within the 12 months.

As the main exporter within the protection and aviation sector, the corporate made 90% of its turnover final 12 months from export revenues. With $1.8 billion in exports final 12 months, it additionally ranked among the many prime 10 firms in all sectors when contemplating the very best exports.

Meanwhile, third on the listing of taxpayers in 2023 was Mustafa Rahmi Koç, honorary chairperson of one of many largest holdings within the nation, Koç Holding, with TL 480 million in taxes.

While the taxpayers within the fourth, sixth, and people rating between eighth and tenth locations on the listing didn’t need their names to be disclosed, Ipek Kıraç ranked fifth with TL 323.3 million and Mehmet Ömer Koç ranked seventh with TL 261.77 million in paid taxes.

In the listing of taxpayers who declared company tax, lender Ziraat Bank ranked first with a tax evaluation of TL 22.7 billion, adopted by Garanti Bank and Akbank.

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