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How to file taxes in Turkey?

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    How to file taxes in Turkey?

    Paying taxes can be stressful. You have to know a lot of information to file your taxes correctly so you wont get in trouble and jeopardize your residency in a foreign country. You have to know what taxes you have to pay if you live in Turkey , and What things are considered deductibles when you are filing your taxes. Assuming that now you have a basic information on what taxes you have to pay, here is how to file your taxes in Turkey
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    Paying taxes in Turkey has two steps:
    First you have to register for taxes on this website: https://www.gib.gov.tr/en
    Next you have to file tax returns on time.

    Inorder to register on the website, you have to have a tax number, and provide them with personal information such as phone number, email address and your own address.

    Depending whether you are a legal entity or an individual, filing tax returns differs for you. legal entities the last payment date of the corporate income tax payment is the 30th day of the fourth month following the fiscal year-end. It must be noted that the Turkish tax year is a calendar year.

    filing taxes for individuals:
    The income tax is withheld monthly from wages paid through the Turkish Payroll under the Pay As You Earn (PAYE) system. The filing tax on any outstanding obligation following the above principles is payable in two equal instalments at the time of filing and within the fourth month. Non-residents leaving Turkey must pay full liability within 15 days before departure.

    Taxpayers filing income tax returns for their commercial or professional income must pay an advance income tax. A so-called ‘temporary tax’ is calculated as 15% of their gross income at the end of each quarter during the calendar year.

    This tax is submitted before the 17th day of the second month following the end of the respective quarter and must be paid before the 17th day of the submission. The tax paid in advance is credited against the amount of income tax calculated in the annual tax return for the same year.

    For Legal entities:
    A self-assessment system is used in Turkey. If you have a permanent establishment in Turkey, you are required to file for annual income tax returns. The last date of submission of the CIT return is the 30th day of the fourth month following the fiscal year-end. This date will be 30 April if CIT returns are filed on a calendar-year basis.

    Rates and due dates for filing taxes in Turkey
    Taxes Rates Submission deadlines
    Corporate income tax (CIT) 23% 30th day of the fourth month following the fiscal year-end

    The quarterly advance tax is due on the 17th day of the second month following each quarter
    Personal income tax 15 to 40% Monthly

    The advance income tax must be reported by the 17th day of the second month following the end of the related quarter and must be paid by the 17th day of the filing month
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