declare – Muhasebe News

Do we have to declare our wage from a single employer?

MuhasebeNews — Fri, 17 May 2019 14:36:37 +0000

Do we have to declare our wage from a single employer?

The annual declaration shall not be given for the wage income from a single employer and taxed by deduction, no matter the amount.

Such incomes shall not be included in the declarations of other incomes.

Source: İSMMMO
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 MuhasebeNews 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.

When to declare the rental income?

MuhasebeNews — Wed, 27 Mar 2019 12:00:04 +0000

For the period January 1, 2018 – December 31, 2018 ; taxpayers should submit declarations concerning their income from immovable properties between the dates of March 01-25, 2019.

It is possible to send the declaration via “Prefilled Income Tax Return System” on the internet.
If non-resident taxpayers have tax representatives in Turkey, they will submit their declarations to the authorized Tax Office of their tax representatives’ location and if they do not have tax representatives in Turkey, they will submit their declarations to the authorized Tax Office of immovable property location.
In accordance with the Law No. 3568, authorized tax professions can use e-Declaration system by signing a contract with taxpayers.

In the Prefilled Income Tax Return System, declaration will be deemed electronically approved.If the declaration is sent through normal postal service or private postal distribution companies, it will be deemed to have been submitted on the date it arrives on document registration date at tax office, and if it is sent as registered (First Class Mail etc.), it will be deemed to have been submitted on the date registered on envelope by PTT.

Source: GİB
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 MuhasebeNews 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.

Are we required to declare rental income?

MuhasebeNews — Mon, 25 Mar 2019 13:00:09 +0000

Non-resident taxpayers do not submit annual declarations for the income from immovable property which are subject to withholding tax in Turkey. Also, in case that they submit annual declaration for other income, they do not include the income which is subject to withholding tax in their declarations.

Taxpayers who have only rental income from immovable property in Turkey will submit annual tax declaration, if;

their rental income from house exceeds tax exception amount (4.400 TL for the year 2018); and,
their rental income not subject to withholding obtain from leasing of the properties and rights within a calendar year

On the other hand, rental income which is subject to withholding will not be declared the annual tax return regardless the amount.

Every member of a family has to submit a declaration on their own behalf for the rental income they obtained from the property and rights belonging to them.

On the occasion that minor and restricted persons are taxpayers; the annual declaration to be submitted on behalf of them is signed by their parents, guardians or curators.

In case of having property and rights with shares, every partner should declare the rental income corresponding to his/her own shares.

Are we supposed to declare in the income tax return the earnings from wages given by the employers abroad?

MuhasebeNews — Tue, 12 Mar 2019 11:38:13 +0000

Are the wages of employees who work in the contact office of a foreign company in Turkey subject to income tax deduction?

Wages from foreign employers are declared in the income tax return to the tax authority by the employee.

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 MuhasebeNews 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.

Is it possible for companies that transport goods locally to declare the VAT return quarterly?

MuhasebeNews — Mon, 07 Jan 2019 12:30:08 +0000

Is it possible for a company that transports goods locally and internationally and that keeps books on the basis of balance to declare the VAT return quarterly?

Taxation period is on trimester basis for taxpayers who are

-exclusively transport goods and passangers internationally,

-exclusively transport goods between cities,

-exclusively transport goods and passangers internationally while transporting goods between cities,

-exclusively transport goods locally,

and who also pay tax on real taxation system as well as keep books by means of operation account method.

Can we declare the sales tax base of transit trade on VAT declaration?

MuhasebeNews — Tue, 25 Dec 2018 13:00:51 +0000

For transit trade;

1-We do not include the transit trade on the VAT declaration. But do we include it in the cumulative amount?

2-We do not make a discount on VAT on the expenses. How should we write that off, on Account 760 or 153?

3-In Big Sales Big Purchase Form, should we write: BP Tax ID: 5555555555 and BS Taxpayer ID No: 6666666666?

(24.12.2018 09:04)

1-The amount which is not written on VAT declaration shouldn’t be included in the cumulative amount.

2-VAT paid for non-tax-deductible expenses (NTDE) is also included in the records as NTDE.

3-?

Are we supposed to declare our sales to the foreign consulates in Turkey on the sales form?

MuhasebeNews — Fri, 07 Dec 2018 15:30:36 +0000

We closed a sale with Consulate General of Italy in the amount of more than TRY 5.000. How should we declare this on the sales from?

The sale that is closed to the foreign consulate is a domestic sale. Every consulate has a potential tax identification number. It should be declared on the sales form.