News Middle East04 Nov 2018

Turkey:Eight insurers among top 100 taxpaying businesses

| 04 Nov 2018

Eight insurance companies in Turkey are ranked among the top 100 tax paying businesses this year, twice the number last year when four insurers were on the list.

According to a report in the newspaper Haberturk, the eight insurers and the amounts of taxes they are to pay based on 2017 financial results are:

Rank out of 100 Company Tax amount (TRY m)
 28 Allianz Insurance  183.7
40 Ziraat Hayat ve Emerklilik 116.3
51 Garanti Pension 86.5
63 Somp Japan 72.3
71 Ziraat Sigorta 63.8
75 Mapfre Insurance  62.3
80 Allianz Hayat ve Emeklilik 57.5
97 Halk Hayat Emerkililik 52.9

The top taxpaper is the Central Bank of Turkey with tax payable of TRY3,091.4m. The next seven biggest taxpayers are banks.

Apart from insurers and banks, the other top taxpayers in Turkey are from the telecommunication, energy, construction, retail, mining, technology and logistics sectors.

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