Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 184

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 184
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, 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 amount of dividends exceeds the monetary
threshold in the law (TRY 13,000 for the year 2024) together with certain other income subject to declaration, the entire amount should
be declared in the annual tax return. Withholding tax charged elsewhere (i. e., in a jurisdiction other than Türkiye) on the gross
amount of dividends that are subject to taxation in Türkiye through declaration, if any, is, in principle, available for a credit
against income or corporate tax calculated on the tax return under Türkiye laws.

GAINS DERIVED FROM THE DISPOSAL OF THE SECURITIES
WILL BE SUBJECT TO INCOME OR CORPORATE TAXATION IN TÜ RKIYE AT FULL RATES IN THE HANDS OF INDIVIDUAL OR LEGAL ENTITIES, RESPECTIVELY
 - EXEMPTIONS ARE RESERVED FOR CORPORATE