Open menu

Tax Map for Rent Income Earners

Each year, the rent income earned by real persons are declared to the relevant tax office with the Annual Income Declaration by March 25. The income types which are acknowledged within the scope of the GMSI (real property income), other than the rent incomes, are elaborated on the Income Tax Law, Article 70.

The responsible party who is to apply the lump sum method, once the exemptions to be implemented on the tax can deduct the 15% rest of the amount to be declared under real expense. In the below table, you can refer to the details on rent income, applicable to residential and commercial properties. For further detailed information please contact your customer representative or an expert.

Tax Map For Rent Income Earners 2019

The Revenue Administration has published an informative brochure in regards the tax declaration, which can be accessed in Turkish, here.

Written by Selma Kıy, Posted in Taxation Law

  • Notification!

    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
This website is using cookies.
In this website, we use cookies to develop your user experience, obtain efficient work and track statistical data. You are agreeing to our use of cookies by browsing our website. Please review Çerezler (Cookies) page for detailed information of how we manage the cookies. This choice is valid for 30 days until you delete the cookies in your web browser.