The deadline for property owners earning rental income to submit declarations will end on April 1. The first installment of the accrued taxes can be paid by stamp duty by April 1, and the second installment can be paid by July 31.
The rent declaration filing process, which is of great concern to millions of real estate owners, started on March 1.
This year, GIB included tenants in the process with the “rent notification form”. If tenants are subscribers to the Digital Tax Office, they can access the form by logging into the system with their user information and password, and they can access the necessary information with their e-Government password. The aim of this method is to compare the rental income declared by property owners with the declarations of tenants.
With the application, those who show low rental prices, make false declarations or make no declarations at all are detected. It is also planned to prevent tax loss and evasion.
Frequently asked questions and answers regarding the rent declaration are as follows:
Question 1: Who is required to fill out a declaration?
In 2023, real estate owners who earn annual rental income of more than ₺21 thousand from residences and over ₺150 thousand from businesses will pay income tax.
Question 2: When will property owners earning rental income be able to file a declaration?
Declarations can be submitted between March 1st and April 1st (as March 31st falls on a weekend).
Question 3: How to fill out the rental declaration?
Property owners will be able to fill in the “ready declaration system” via the Revenue Administration’s “gib.gov.tr” website and access the ready declaration from the Digital Tax Office.
Question 4: How much was the exemption fee for residential rental income?
Those who earn residential rental income of ₺21 thousand or less annually in 2023 will not pay income tax. For 2024, the income tax exemption was announced as ₺33 thousand.
Question 5: Who cannot benefit from the exception?
Those who have to declare their commercial, agricultural or professional earnings, those who earn housing rental income over ₺21 thousand annually, those whose total gross amounts of wages, movable capital, real estate capital income and other earnings and revenues obtained separately or together exceed ₺550 thousand determined for 2023, and those who do not declare their rental income on time or declare it incompletely will not be able to benefit from the exception.
Question 6: Is it mandatory for expats to submit a declaration for the properties they rent in Turkey?
Citizens living abroad are taxed within the scope of limited taxpayers in terms of their earnings and revenues earned in Turkiye.
Question 7: How will the declaration be submitted if more than one person owns the house?
Each person must declare the rental income corresponding to his/her share.
Question 8: Will there be any penal action if the declaration is not submitted or is declared incompletely?
If the declarations that must be submitted electronically are not submitted on time, a special irregularity penalty will be imposed. In addition, if the tax is not accrued on time, a tax loss penalty of one times the tax will be applied.
Question 9: How will the income tax accrued through the rental declaration be paid?
Payment can be made from the Digital Tax Office (dijital.gib.gov.tr) or from the mobile application between 02.00-23.45, via debit/credit card of contracted banks, or by transfer from the bank account, and payments can be made with cards belonging to banks operating in foreign countries, through banks authorized to collect taxes, tax office counters and PTT branches.
Question 10: Can payments be made in installments?
The first installment of the accrued taxes can be paid with stamp duty by April 1, and the second installment can be paid by July 31.
Source: Trthaber / Prepared by Irem Yildiz