Company: MRT
Filing Date: 2025-08-11
Form Type: F-3
Source: 0001213900-25-074325
Chunk: 38

Company: Marti Technologies, Inc.
Filing Date: 2025-08-11
Form: F-3
Chunk 38
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 individual’s aggregate gross income
in a given calendar year.

The rate of corporate (income)
tax has been recently increased to fund the recovery from major earthquakes that struck Türkiye in February 2023, to 25% for private
entities, and to 30% for financial sector companies, both flat, as per the Law No. 7456, as published in the Official Gazette dated July
15, 2023 and numbered 32249.

Capital Gains

Capital gains are treated as
Türkiye-sourced income if the transaction leading to the gains is concluded in Türkiye, the payment for consideration is made
in Türkiye or the payment is accounted for in Türkiye even if the payment is made outside of Türkiye. The term “accounted
for” means that a payment is made in Türkiye, or if the payment is made abroad, it is recorded in the books in Türkiye
or is made from the profits of the payer or the person on whose behalf the payment is made in Türkiye.

Shareholders who are not residents
of Türkiye (i.e., our shareholders who are non-residents) for Türkiye tax purposes, and who do not engage in trade or business
through a permanent establishment in Türkiye, will not be subject to Türkiye income taxes on gains realized on the sale or disposition
of our securities, unless transferred to a resident of Türkiye. Capital gains realized on such a sale by a non-resident individual
or corporation may be subject to income tax and/or corporate tax in Türkiye if the sale is made to a resident of Türkiye by
such non-resident holder, depending on the holding period of the securities immediately prior to the sale — bilateral tax treaty
provisions are reserved.

The holding period criterion
for taxation of non-residents’ income in Türkiye depends on applicable provisions stipulated in the relevant bilateral income
tax treaty concluded with Türkiye, if any. Since capital gains are not taxed through withholding, any capital gain sourced in Türkiye
with respect to the securities may be subject to declaration. No shareholder will be deemed to be resident or domiciled in Türkiye
for the purposes of local income taxation simply by virtue of holding our securities.

Dividends

Payments of dividends in respect
of the securities will be subject to income or corporate taxation in Türkiye at full rates in the hands of individual or legal entities,
respectively. Resident individuals are required to file an annual tax return for their dividend income, and if the