01.03.2025 15:10
Property owners will be required to submit their declarations regarding rental income between March 1 and April 2. Those whose annual rental income exceeds 33,000 Turkish Lira for residential properties and 230,000 Turkish Lira for commercial properties will be subject to income tax. Tenants will also be able to fill out a 'rental declaration form.' Penalties will be imposed for delays in the electronic declaration process.
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The process of submitting rental declarations, which closely concerns property owners who earn income from real estate, has begun. Property owners will be able to fill out their declarations between March 1 and April 2 (due to March 31 and April 1 falling on official holidays). Real estate owners who earn an annual rental income of 33,000 lira from residential properties and over 230,000 lira from commercial properties will pay income tax. Those who earn rental income below the exemption amount will not be required to submit a declaration.
THE ACCURACY OF DECLARATIONS CAN BE VERIFIED
Tenants will be able to fill out the "rental notification form" this year, just like last year. If they are subscribers to the Digital Tax Office, they can log into the system with their user information and passwords to access the form. Additionally, they can also access the necessary information with their e-Government password. This method aims to compare the rental incomes declared by property owners with the declarations made by tenants. The application reveals those who show low rental amounts, those who make incorrect declarations, or those who do not declare at all. It is also planned to prevent tax loss and evasion.
SEPARATE DECLARATION FOR EACH RENTAL INCOME
Property owners can fill out the "ready declaration system" through the Revenue Administration's website "gib.gov.tr". Additionally, ready declarations can be accessed from the Digital Tax Office. Each family member will need to submit a separate declaration for the rental incomes they earn from the properties and rights they own. In cases where multiple individuals jointly own a residence, each individual will declare the rental income corresponding to their share. Citizens living abroad are taxed as limited taxpayers regarding the income and revenues they earn in Turkey. Turkish citizens living abroad who wish to submit a declaration through the system, blue card holders, and foreigners with foreign identification numbers can obtain an "e-Government" password from foreign representations. Furthermore, declarations can also be sent via mobile phone through the "Ready Declaration" mobile application.
ADDITIONAL PENALTY EQUAL TO THE TAX
The accrued tax can be paid through the Digital Tax Office (dijital.gib.gov.tr) or through bank cards/credit cards of contracted banks, via bank transfers from bank accounts, with cards belonging to banks operating in foreign countries, through banks authorized for tax collection, tax office cashiers, and PTT branches. The annual income tax declarations to be submitted regarding the rental incomes obtained in the 2024 calendar year will be payable in two equal installments in April and July of 2025. The first installment, along with stamp duty, can be paid by April 2, and the second installment can be paid by July 31. If the declarations, which must be submitted electronically, are not submitted on time, a special procedural penalty will be imposed. Additionally, if the tax is not accrued on time, a tax loss penalty equal to the tax will be applied.
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