Residential rental income has an annual exemption; for commercial rents, the tenant withholds tax. Expenses are deducted using the lump-sum or actual expense method and the income is declared in the annual return.
Source: 193 sayılı GVK m. 70-74
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Personal income taxThe tax levied on the business, agricultural, professional, employment, real estate and investment income and other earnings of individuals in a calendar year.Withholding taxPersons and entities making certain payments withholding tax at the time of payment and paying it to the tax office on behalf of the recipient.Income from movable capitalIncome from capital in money or assets represented by money, such as dividends, interest and repo income.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Advance tax rulingA written explanation issued by the tax administration upon a taxpayer's written request about its own tax position or matters it considers unclear.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.
Last updated: October 31, 2026 · This definition is for general information only.