Rental income Tax Declaration 2024

Rental income must be declared before April 1, 2024.

With the new fiscal year in full swing, it's high time to get your financial matters in order. An essential part of this is filing your tax declaration for rental income for the year 2024. The filing deadline is set for April 1, 2024, and it is crucial to mark this date on your calendar.

Who Does This Apply To?

Whether you own a property, are a shareholder in real estate, or generate income from rent, filing your tax declaration is a crucial step to prevent potential complications. If you and your partner own a property together, it's important for both of you to individually fill out your declarations. In the case of multiple shares in property rights, all shareholders must file their declarations individually.

Deadline and Penalties: April 1, 2024

The deadline for filing your tax declaration is April 1, 2024. Failure to file on time can result in penalties and unnecessary problems. It is in your best interest to ensure you file your tax declaration on time and avoid possible fines.

Filing Your Declaration: Easy and Accessible

You can file your tax declaration either in person at the local tax office or online. After filing, you will receive an assessment that you can pay through online banking, the tax authority's website, or in cash at the local tax office.

Missed Tax Declarations: Avoiding Penalties

If you have forgotten to file tax declarations for previous years, be aware of possible penalties. It is never too late to get your finances in order.

Conclusion: Collaborating for Financial Clarity

Let's work together to ensure a smooth tax filing period and make sure your financial matters are handled correctly. Mark the deadline of March 1, 2024, in your calendar and take the necessary steps to submit your tax declaration before April 1, 2024. Your financial well-being is worth it!

What kind of information do you need:

Your tax number in Turkey
Copy of your property deed (Tapu)
Copy of your declaration/receipt from the local municipality
Foreign ID number (Yabancı kimlik no)
Copy of rental agreement
Bank statements showing rental income
Copy of foreign passport

How much will I pay?

You must pay tax on your income. The amount you have to pay in income tax depends on the level of your income and assets. For an average landlord, the percentage of rental income tax is 20%.

Our law firm handles communication with your professional Turkish accountant. If you don't have an accountant or are unsure how to proceed, feel free to contact Ören Law Firm for a consultation.