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Personal Income Tax Declaration Consultancy

CottGroup®, as the lead service provider in operations related to human resources, payroll and taxation system is ready to be your advisory for the preparation of personal income tax return applicable for the income you earn with the assistance of the experienced staff of payroll experts and tax consultants.

We Are Here To Support You

With the boutique service models and solutions we offer, that will be structured according to your needs; we are ready to assist you with tax consultancy, information about the legislation and how to calculate the income you are to declare with the income tax declaration. Our tax consultants will guide you in the most accurate way by providing support during the preparation and declaration of the annual personal tax return. You can contact us for more information.

How Will the Income be Calculated? How Will it be Declared?

Within the scope of the service, by analyzing comprehensively which incomes you are to declare, after one-on-one meetings with you; we will be able to provide you the most accurate information and guide you through the steps to be followed during the process in the easiest way. By the expert approach we offer with our experiences team of tax consultants, all the risks that might be faced due to wrongful calculations and wrongful declaration submission are eliminated with the know how we have.

How the Income Tax Declaration for the Earnings is Prepared in Turkey?

For the employees who earn wage income, if the overall annual income exceeds certain limits which are determined each year according to the Income Tax Law, there is an obligation to submit an annual income tax return.

If these employees have other incomes subject to declaration (rent income, etc.), these incomes are also to be declared with the wage incomes, to the relevant Tax Office.

In case there are certain incomes which are applicable to stoppage tax and handled by the tax at source aspect, then, those relevant incomes will liable to deduction, from the declaration.

At this point, the tax declaration for salary income shall be evaluated by understanding whether the yearly earning is liable to be declared with the relevant declaration. In order to conduct the analysis, one-to-one meetings are crucial with the individuals.

  • If the salary income is taxed via stoppage; it is necessary to look at whether income is obtained by a single employer or more than one employer along with the related upper limits of declaration responsibility.
  • If salary income is not taxed via stoppage; it should be examined whether the earnings are collected directly from the employer located in a foreign country. Thus, the tax legislation shall be examined considering the mutual tax agreements to see whether there are any incentives / exceptions to be implemented.
  • Nevertheless, individuals may have other incomes subject to be declared (i.e. rent income etc.). Whether such situation exist, each case needs to be evaluated and the individual needs to be informed accordingly.

CottGroup®, Your Solution Partner

It is very crucial to have hands on knowledge on the complex structure of the personal income tax declaration process along with in depth expertise on the relevant regulations and laws coinciding with the process.

With the know-how we have, we're here to support and assist you with to the point and most appropriate solutions along with advising on the applicable tax benefits you can use to your advantage.

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Due to the Covid-19 Coronavirus pandemic to secure the health of our employees our business operations are held remotely until further notification. CottGroup® will have its business processes carried out efficiently and smoothly thanks to our BCP plans and strong technological infrastructure. As always, our customers and business partners will be able to reach us via our phones and e-mails.