Each year, the rent income earned by real persons are declared to the respective tax office with the Annual Income Declaration until 25th of March. 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 real expense method are implemented. Up until this year 25% ratio was considered for implementation of lump expense method. But this 25% ratio has been reduced to 15% ratio as of the start from 2017 revenues. 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.

Within the scope of the Income Tax Law numbered 6663 and Law on Making Amendments on Certain Laws, the premium incentive that is currently being applied to certain cities of Turkey within the scope of regional incentive application has been extended until 31.12.2018 starting as of 01.01.2018, with the announcement made on the Official Gazette dated 10.02.2018 in accordance with the resolution of the Council of Ministers.

The "Announcement and Advertisement Tax" declaration and payment term has been postponed to Close of Business of February 15, 2018 for the final time. Workplaces that have submitted the declaration in the month of January and still have not paid the relevant tax amount liable to the final pay date also.

All kinds of announcements and advertisements made within the boundaries of municipalities and their adjacent areas are subject to the “Announcement and Advertisement Tax”. The responsible party of this relevant tax is the real or the legal person who makes the advertisement on behalf of themselves. The third parties who process the advertisements on behalf of the actual party, are responsible to make the tax payments to the relevant Municipalities on behalf of the actual party.

Vehicle owners are obliged to pay the Motor Vehicle Tax (MTV) each year. The tax can be paid in two installments yearly upon request. In additional to the land vehicles, airplanes, helicopters, choppers and motor vessels are liable to the MTV tax.