Each year, the rent income earned by real persons are declared to the respective tax office with the Annual Income Tax Return. For 2021 tax year, the tax return submission deadline is 31st of March, 2022. The types of income that are within the scope of GMSI except for the rent incomes, are stated in the Income Tax Law Number 70. In order to declare the rent income, the lump sum expense method and actual expense method are implemented. On lump-sum method, after deducting the amount of exception from the rental income, 15% of the remaining amount can be deducted against actual expenses. Lump sum expense method is not applicable for lease of rights. In the below table only information is provided for rent income from residental and commercial places. For further detailed information please contact your customer representative or an expert.

With the Law numbered 7263 published on the Official Gazette dated 03.02.2021, companies in R&D region and technology development zones are obliged to allocate funds at the rate of 2% of their earnings, as of 01.01.2022.

The regulations on Technology Development Law no: 4691 are as below:

• As of 01/01/2022, if the exempt earning on the annual tax return of the income taxpayers and corporate taxpayers is 1,000,000 TRY or more, the 2% of this amount would be transferred to a temporary passive account.
• The amount to be transferred is limited to 20,000,000 TRY on annual basis.

Annual income tax returns for 2021 income will be submitted to the relevant tax offices in March 2022. (Deadline is 31 Mar 2021)

The details of the subject are included in the General Communiqué dated 27.05.2020 and serial number 311 published by the Revenue Administration. You can click the link for the details.

Social Security Institution has announced that the social security premium payment deadline for January 2022 has been postponed to 03.03.2022.

Per the announcement, the regular social security premium deadline which is 28.02.2022, has been postponed to 03.03.2022 considering the workload of the employers arised in February.

The authorities also noted that to be able to benefit from the incentives, the payments would need to be done until the deadline.