$Inbound
USD
US dollar
Revenue lands here
- Apple App Store payouts
- Google Play payouts
- Steam, Epic, itch.io payouts
- B2B and licensing receipts
Banking & Payments
Multi-Currency Banking
TRY, USD, and EUR sub-accounts under one corporate banking relationship. Receive in the original currency, convert on your timing, evidence the service-export exemption.
- TRY · USD · EUR
- Original-currency receipts
- Corporate FX rates
What it is
Game and app studios collect revenue in USD and EUR, pay developers and operating costs in TRY, and remit profits abroad. A single-currency Turkish account forces every inbound transfer through bank-side auto-conversion at retail rates, which is the most expensive way to do this. Multi-currency banking holds USD, EUR (and on request GBP or CHF) in their own sub-accounts under your master TRY account, so revenue lands in the original currency and you decide when and how to convert. We configure the sub-accounts, FX execution at corporate desk rates, and the inbound-transfer flow so the service-export tax exemption file is clean every year.
Three currencies, one relationship
Receive where it lands.
Convert on your timing.
Each currency has a sub-account under the same legal entity and the same IBAN root. Inbound transfers land in the original currency. FX execution happens through the bank's corporate desk, not the retail screen rate.
€Inbound
EUR
Euro
European customers and payors
- EU and UK B2B receipts
- European platform payouts
- Cross-border licensing
₺Outbound
TRY
Turkish lira
Operating account
- Payroll and SGK premiums
- Vendor and rent payments
- Tax, VAT, and withholding filings
- Local card-acquiring settlements
Why this connects to tax
The 100% service-export exemption needs the foreign-currency revenue to land in a Turkish bank account by the tax deadline.
Under Article 10/1-ğ of the Corporate Tax Law, qualifying service-export income is 100% exempt from corporate tax, provided the revenue is transferred to a Turkish bank account by the corporate-tax filing deadline (typically April of the following year). USD and EUR sub-accounts let the receipt sit in evidence without a forced conversion, and the monthly reconciliation pack ties each transfer to an e-invoice and a counterparty contract.
100%
Corporate-tax exemption on qualifying service-export income (Article 10/1-ğ).
0%
VAT on the export invoice (zero-rated for non-resident customers).
April
Filing deadline. Revenue must be remitted by this date.
How we do it
Sub-accounts. Rails. Evidence.
Configured on top of the corporate bank account. No additional KYC if the master account is already with us.
Sub-account opening
USD and EUR demand sub-accounts opened under the same legal entity and the same master IBAN root. GBP, CHF, JPY available on request. No additional KYC if the master account is already open with us.
FX rails and treasury desk
Direct line to the bank's corporate FX desk for execution. Spot, plus forward and swap on request. Treasury-desk pricing typically 5 to 15 pips inside retail screen rates on size.
Inbound transfer instructions
Correspondent-bank routing for USD (typically via JPMC or BNY) and EUR (typically via Commerzbank or Deutsche) documented and shared with your payors. SWIFT MT103 fields aligned so payments land in the right sub-account on the first attempt.
Service-export evidence flow
Inbound foreign-currency receipts tied to e-invoice numbers and counterparty contracts. Your CPA receives a monthly reconciliation pack that defends the 100% service-export tax exemption claim at year-end.
What's included
Sub-accounts, rails, and the reconciliation pack.
- TRY, USD, and EUR sub-accounts under one banking relationship
- GBP, CHF, JPY available on request
- Corporate FX-desk pricing (tighter than retail screen rates)
- Spot, forward, and swap execution where useful
- Inbound-transfer instructions with correspondent-bank routing
- Monthly reconciliation pack handed to your CPA
- Optional daily rate alerts and FX execution playbook
Key facts
The mechanics behind the flow.
- The tax-exemption link
- The 100% service-export corporate-tax exemption (Article 10/1-ğ, Corporate Tax Law) requires the foreign-currency revenue to be transferred to a Turkish bank account by the corporate-tax filing deadline (April for prior calendar year). Multi-currency sub-accounts let the original-currency receipt sit in evidence without a forced conversion that complicates the file.
- Service exports and FX conversion
- Turkish FX regulation (Decree 32, Communique 2008-32/34) imposes partial TRY-conversion obligations on goods-export proceeds. Service exports including software, gaming, and digital services are treated separately and currently carry no mandatory conversion percentage. Your USD revenue can sit in USD.
- Why retail FX is expensive
- Bank apps quote retail screen rates. Corporate FX desks quote inside that, with spread shrinking on volume. On a USD 50,000 monthly payout, the difference between retail and treasury-desk pricing is typically 0.3 to 0.8 percent. Across a year, that pays for the banking relationship several times over.
- Receiving from Apple and Google
- App Store Connect and Google Play Console pay out in the configured payout currency. We bind your USD sub-account directly so payouts land in USD without bank-side conversion, then you convert (or keep in USD for future USD outgoings) at your own timing.
- FX-protected deposits (KKM)
- Turkish residents can use FX-protected TRY deposit products (Kur Korumalı Mevduat) that pay a TRY rate plus FX-loss protection. Eligibility, rates, and conditions change frequently. We flag the current state if it is relevant to your treasury policy.
- Outbound payments and treaty withholding
- Dividends, royalties, and service-fee remittances to your parent company can be subject to withholding tax, reducible under Türkiye's double-taxation treaty network. The multi-currency setup makes outbound flow operational. The treaty-rate paperwork is handled under IP and Royalty Agreements.
Bundled in
- StarterOptional
- Builder✓
- Enterprise✓
- Add-on available
Pricing
Included in Builder and Enterprise. Standalone configuration: USD 1,200.
Related services
Corporate Bank Account
A real Turkish IBAN at a partner private bank, opened remotely via power of attorney. Internet banking, corporate cards, multi-currency rails included.
Learn more
Service Export Tax Structure
Türkiye's headline incentive for foreign-facing software and gaming studios: a 100% corporate-tax exemption on qualifying service-export income under Article 10/1-ğ. The contract structure, banking flow, and bookkeeping designed to qualify every year, not just the first.
Learn more
App Store & Google Play Payouts
Apple and Google paying your Turkish entity directly, in the original currency, at treaty withholding rates. The tax forms, the bank binding, the developer-account migration.
Learn more
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