Last 15 days for declaration of income and Patrimonial Peace

On March 31, the term to submit the annual income tax return with rent included and to accept the Patrimonial Peace application will end.

Annual income tax returns for business income, agricultural income, self-employment income, salary income, real estate capital income (rental income), capital income from securities and other gains and income (gain of increase in value and incidental gains) obtained by natural persons in 2022 31 It will be given until March.

In places where force majeure was declared due to the earthquakes with the center of Kahramanmaraş that took place on February 6, taxpayers’ declarations can be filed until August 15, and the taxes to be due based on these declarations can be Pay until August 31. Taxpayers who are in the field of force majeure may pay by submitting their sworn statements before these dates.

Income Taxpayers who are taxed in real terms by reason of their commercial, agricultural and professional activities, will submit their annual Income Tax returns electronically.

The income tax accrued in the annual income tax returns to be submitted with respect to the income obtained in the year 2022 will be paid in two equal installments in March and July of this year. The first installment, together with the Documented Legal Acts tax, must be paid before March 31 and the second before July 31.

Taxpayers can pay their taxes through the Interactive Tax Office and the GİB mobile application, from the credit cards of the contracted banks, from the bank cards or bank accounts of the contracted banks, from the credit cards, debit cards and other means of payment of the banks that operate in the foreign country, from the branches of the contracted banks, alternative payment channels (internet banking, telephone banking, mobile banking), PTT work centers, all tax offices .

CAN BE USED IN MULTIPLE EXPENSE DISCOUNTS

The taxpayer’s housing rental income in a calendar year exceeds the total exemption amount of 9 thousand 500 TL by 2022, the gross amount of workplace rental income subject to withholding exceeds the limit of filing a return of 70 thousand TL for 2022, and the deduction of income from the lease of goods and rights and those who are not subject to the exemption request and the amount exceeds the limit of 3 thousand 800 lira for the year 2022, will submit an annual declaration.

Family members will prepare separate returns on their own behalf for the rental income they receive from assets and rights they own. On the return, if the actual expense method is selected, many expenses can be used in the deductions.

Expenses for lighting, heating, water and elevator borne by the landlord, insurance expenses related to the leased goods and rights, 5 percent of the acquisition price of a property leased as a home for a period of 5 years from the year of acquisition, tax paid for the leased goods and rights Many items can be used as a discount in the determination of rental income, such as taxes, fees and capital gains, participation fees for expenses paid to municipalities, property repair expenses and conservation expenses And maintenance.

Income taxpayers, public administrations with a general and special budget, special provincial administrations, municipalities, towns, public utility associations and foundations to which the President of the Republic has granted tax exemption, they will be notified of their donations and aid in exchange for receipt, provided that the annual total does not exceed 5 percent of income, they may be subject to a deduction from their income.

Education and health expenses can also be deducted from the income to be declared in the annual declaration, as long as they do not exceed 10 percent of the declared income.

LAST DAY FOR THE PEACE OF THE ASSETS MARCH 31

On the other hand, natural and legal persons may avail themselves of the Patrimonial Peace request by making a notification or declaration until March 31 for some of their assets abroad and in the interior.

Asset Peace aims to bring money, gold, currency, securities and other capital market instruments from foreign individuals and legal entities into the national economy and register these assets in the legal books of income and corporate taxpayers. .

Money, gold, currency, securities, other capital market instruments and real estate in the country that are not included in the legal registry book of income taxpayers and companies are declared in the office tax and are recorded in the legal book.

It is possible to declare the assets included in the scope of the article by those who do not have a tax obligation on income and companies. While there is no obligation to be a Turkish taxpayer or citizen to bring such assets from abroad to Turkey, everyone can benefit from the regulation.

The tax to be calculated at the rate of 3 percent for notifications made in the period from January 1 to March 31, 2023 on the value of assets abroad reported to banks and intermediary institutions must be paid in advance to banks and intermediary institutions at the time of notification.

If the declared assets are kept in accounts opened in banks or intermediary institutions in Turkey for at least one year, the tax will be reduced to zero and the tax paid in advance will be returned to the owner of the tax return upon application to the tax office. correspondent. .

No fee will be charged for the operations that are carried out in the property title regarding the transfer of the properties that are registered in the commercial register by means of a declaration. Likewise, the transfer of real estate for exploitation will not be considered a sale and the increase in capital gain will not be computed.

No verification or fiscal liquidation will be carried out with respect to the amounts corresponding to the declared or declared assets.

PROPERTY TAXES AND ENVIRONMENTAL CLEANUP

The first installment of the environmental and real estate cleaning tax for 2023 will be paid between March 1 and May 31.

The real estate tax is accrued annually by the municipality where the property is located.

While the environmental cleaning tax for residences is paid together with the water bills, the environmental cleaning tax for workplaces and buildings used for other uses must be paid to the municipality every year in the installment periods of the property tax. .

The second installments of said taxes will be paid between November 1 and 30.

It is important that taxpayers pay the taxes accrued within the installment deadlines, so as not to encounter late fees. (AA)