08.05.2020

According to the Income Tax Law, the income tax for the incomes gained at 2019 will be calculated using the tax rates below.*

Up to the amount of 18.000 TL 15%
2.700 TL for 18.000 TL of 40.000 TL, over 20%
7.100 TL for 40.000 TL of 98.000 TL (for wage income 7.100 TL for

40.000 TL of 148.000 TL), over

27%
22.760 TL for 98.000 TL of 500.000 TL, (for wage income 36.260 TL for 148.000 TL of 500.000 TL), over 35%
163.460 TL for 500.000 TL of amount exceeding 500.000 TL (for wage income 159.460 TL for 500.000 TL of amount exceeding

500.000 TL), over

40%

* In accordance with the Law No. 7194, amendments were made in the article 103 of Income Tax Law

 The tax schedule valid for the taxation of rental income for the 2020 calendar year has been determined in the Income Tax General Notification No. 310.


Source: Revenue Administration – Guidebook on Rental Income for Non-Resident Taxpayers
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.