What is The Rental Income Tax and When It is Paid?
Rental income tax is paid for rental income from residential and commercial units. Tax payments are paid with two instalments, first instalment is paid till end of March and second one is till end of July every year.⠀
WHEN IS RENTAL INCOME TAX DECLARATION GIVEN? AND HOW IS IT CALCULATED?⠀
The declaration period begins on 1 March and ends on 31 March in every year. After the declaration has been submitted, the taxpayer has to pay the first instalment of rental income tax till end of March. In case of missing declaration or no declaration, a double tax loss penalty will be imposed with the original tax and the interest for delay.
In Turkey rental income tax is paid according to statement of owners and also calculations are should be done by owners. The most important and hard part of the rental income tax is making the right calculation by choosing the right method. Flatix has public accountant within its organization and provide this service for its members.⠀
With the Flatix Property Management Services, you will not be worrying yourself; you will enjoy your investment...