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Due Date for Second Installment of Annual Income Tax is 31.07.2020

Due Date for Second Installment of Annual Income Tax is 31.07.2020

The income generated from renting commodity and rights, which are indicated in the 70th Article of the Income Tax Law, is defined as "estate capital revenue" and these revenues are subject to income tax under certain circumstances.

The income tax calculated over the income tax declarations regarding the rent revenues in 2019 are paid in two equal installments in March and July of 2020.

The second installment shall be paid until 31 July 2020.

Taxes Could Be Paid

  • Over the directorate’s website (Interactive Tax Office and GİB Mobile application);
  • - Via credit cards of the contracted banks,
  • - Via bank cards or bank accounts of the contracted banks,
  • - Via credit cards, bank cards, and other payment methods of abroad banks,
  • From the contracted banks’;
  • - Branches,
  • - Alternative payment channels (Online Banking, Telephone Banking, Mobile Banking etc.),
  • From PTT offices,
  • From all tax offices.

For detailed information, please contact your customer representative.

Written by Selma Kıy, Posted in Taxation Law

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    Contents provided in this article serve to informative purpose only. The article is confidential and property of CottGroup® and all of its affiliated legal entities. Quoting any of the contents without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance put in the preparation of this article, CottGroup® and its member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject.

    Please consult your client representative if you are a customer of CottGroup® or consult a relevant party or an expert prior to taking any action in regards to the above content.

About The Author

Selma Kıy

Certified Public Accountant - SMMM
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