Real EstateBusiness

Final Day for Rent Declaration Approaches: Deadline Tomorrow

The rent declaration deadline for those who earned income last year, such as rent and wage earnings, ends tomorrow.

According to the information compiled by the AA correspondent, those whose residential rental income exceeded the annual exemption amount of ₺21 thousand last year and whose workplace rental income exceeded the exemption amount of ₺150 thousand must submit a declaration.

Property owners have the opportunity to carry out the necessary transactions with the “Ready Declaration System” on the Revenue Administration’s website “gib.gov.tr”.

The income declaration period for taxpayers who rent out their residences or workplaces has come to an end. Declarations must be submitted tomorrow at the latest.

Possibility to submit declaration electronically

An annual income tax return must be filed by April 5 for commercial, agricultural, self-employment and wage income earned by real persons last year, or interest and dividend earnings from abroad.

Taxpayers can submit their annual income tax returns without going to the tax office through the Ready Declaration System prepared for them. Taxpayers can access the system 24 hours a day, 7 days a week via “gib.gov.tr”.

It is also possible to pay the income tax accrued on annual income tax returns in two equal installments.

Accrued income tax can be paid through the Digital Tax Office or mobile application, by debit/credit card of contracted banks, by transfer from a bank account, through cards of banks operating in foreign countries, and through banks authorized to collect tax, tax office cash desks and PTT branches.

Source: AA / Prepared by Irem Yildiz

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