The salary income earned by the employees are declared to the tax office with the Annual Income Declaration under below circumstances.

You can find below the important points to consider with regards to the salary income taxed via stoppage;

1. In case of taxpayers’, who receives income from more than one employer, total income received from the secondary employers exceeds the amount in the second income segment of the income tax tariff (40.000 TL for 2019), these salary incomes will be declared with annual declaration.
2. In case of income is received from more than one employer, the employee can freely choose which income will be considered as primary.
3. In case annual declaration is to be submitted, it is possible for expenses of education, health, donations and charities to be subject to deductions of the declared income.
4. Taxes paid by stoppage can be deducted from income tax calculated over the declaration.

Each year, the rent income earned by real persons are declared to the respective tax office with the Annual Income Declaration until 31st of March, 2020. The types of income that are within the scope of GMSI except for the rent incomes, are stated in the 70th article of Income Tax Law.

Two applications are essential in declaring rent income; lump sum expense and real expense methods. Taxpayers who choose the lump sum method can deduct the 15% of the remaining amount from real expenses after deducting the exemption from their rental income. Those who lease the rights cannot apply the lump sum method. In the table below only information is provided for rent income from residential and commercial places. For further detailed information please contact your customer representative or an expert.

With 28.02.2020 dated Tax Procedural Law Circular no: 124; deadline for submission of the Recycling Contribution Share Declarations, and deadline for the payment of the accrued shares have been changed from the end of 02.03.2020, to the end of 30.03.2020, Monday.

You can access our previous publishing on GEKAP Declaration from here.

Relevant circular in Turkish regarding the subject can be accessed from here.

There have been certain changes in Value Added Tax General Application Communiqué with The Communiqué on Amending Value Added Tax General Application Communiqué (Serial No. 30).

Article 1 of the Communiqué regarding the Withholding Practice in the Services Provided During the Operating Period Regarding the Health Facilities Built with the Public Private Cooperation Model will enter into force on 01.03.2020; while other regulations became effective as of publication date.

Within the scope of regulation, amendments are as below;