28.02.2025 14:51
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.
Property owners who earn rental income will be able to submit their declarations between March 1 and April 2. The rental declaration submission process, which closely concerns property owners earning income from real estate, starts tomorrow. 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). Property owners earning 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.
TENANTS WILL BE ABLE TO FILL OUT THE "RENTAL NOTIFICATION FORM"
Tenants will be able to fill out the "rental notification form" this year as they did last year, and if they are subscribers to the Digital Tax Office, they can access the form by logging into the system with their user information and passwords. Additionally, they can access the necessary information with their e-Government password. This method aims to compare the rental incomes declared by property owners with the declarations of tenants. The application reveals those who show low rental amounts, those who make incorrect declarations, or those who do not declare at all. It also aims to prevent tax loss and evasion.
ONLINE PAYMENT IS POSSIBLE
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 separate declarations for the rental incomes they earn from their properties and rights. 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 earnings they obtain in Turkey. Turkish citizens living abroad who wish to submit a declaration through the system can obtain an "e-Government" password from foreign representations, as well as blue card holders and foreigners with foreign identification numbers. Furthermore, declarations can also be sent via mobile phone through the "Ready Declaration" mobile application.
SPECIAL ADMINISTRATIVE FINE FOR THOSE WHO DO NOT SUBMIT DECLARATIONS ON TIME
The accrued tax can be paid through the Digital Tax Office (dijital.gib.gov.tr) or through the 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 income tax to be declared for rental incomes obtained in the 2024 calendar year can be paid in two equal installments in April and July 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 administrative fine will be imposed. Additionally, if the tax is not accrued on time, a tax loss penalty equal to the amount of the tax will be applied.