Türkiye’s leading mobility super app, Marti Technologies, Inc. (NYSE American: MRT), announced that the country’s Department of Revenue Management within the Ministry of Treasury and Finance (MTF) has issued a ruling allowing ride-hailing drivers to pay income taxes on the earnings they generate through Marti’s platform.
The ruling requires ride-hailing drivers to establish corporate entities in compliance with Türkiye’s tax code to pay taxes on their income. This move is seen as a positive step toward clarifying the legality of ride-hailing driver income.
Marti’s Founder and CEO, Oguz Alper Oktem, commented, “We launched our ride-hailing service 22 months ago to address the need for affordable, fast, and safe transportation in Türkiye’s largest cities. The demand and growth of the service have exceeded our expectations, indicating that ride-hailing will be a key component of urban planning in the future. This ruling is a significant step towards validating those expectations, as government authorities begin to recognize the broader economic and budgetary benefits of comprehensive regulation.”
The ruling allows Marti to digitally collect and transmit data regarding completed rides, income earned, and corresponding tax obligations to the MTF. To support this process, Marti is providing legal guidance and financial assistance to its ride-hailing drivers to help them establish corporate entities.
According to McKinsey & Company, the Turkish ride-hailing market could reach $15 to $20 billion by 2030. Marti estimates that, once fully operational, the ride-hailing sector in Türkiye could generate approximately $2 billion in annual tax revenue for the MTF. This revenue collection is facilitated by the digital records maintained by ride-hailing operators like Marti, in contrast to the largely undocumented taxi sector, which suffers from significant tax leakage.
