Turkey's Central Bank tops corporate tax champions list

ANKARA - Anadolu Agency

The Turkish Central Bank shows the way on paying corporate taxes as it tops, becoming 2013's tax champion

The Turkish Central Bank topped the corporate tax champion list in 2013 by paying nearly 900 million Turkish Liras, figures released by the Revenue Administration have reported.

The bank, which ranked seventh in the 2012 list with 743 million liras and took the top spot in 2011, has paid 889,835,346 liras’ tax in total in 2013. The state-run Ziraat Bank ranked second in the list, paying 627 million, followed by the Electricity Generation Company, the largest electric power company in Turkey, with a total of 620 million liras.

The top 10 of the list includes six companies from Istanbul and four from the capital city of Ankara. Last year, Garanti Bank, which is owned by the Turkish conglomerate Doğuş Group, became the top corporate tax payer, paying 1.18 billion liras in taxes. It was followed by Turkish-owned İşbank and Akbank with 1.15 billion and 1.11 billion liras, respectively, in taxes.