Are self-employed individuals subject to expense restrictions for the passenger cars they rent?
Yes, the expense restriction also covers self-employed individuals.
These taxpayers will also take into account the portion of the monthly rental fee of the passenger cars they use for their activities that is 26,000 TL + VAT for 2024 in determining the tax base. (Income Tax Law Art. 40/1)
The portion exceeding 26,000 TL per month and the VAT corresponding to the excess will be taken into account as non-tax-deductible expenses in determining the tax base.
In addition, they will take into account the portion of 70% of the fuel and other expenses covered by the tenant related to the vehicle during the month as a deduction in determining the tax base. The portion corresponding to 30% and the VAT corresponding to this will be taken into account as non-tax-deductible expenses in determining the tax base.
Source: Istanbul Chamber of Certified Public Accountants
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