individuals – Muhasebe News https://www.muhasebenews.com Muhasebe News Sat, 01 Dec 2018 09:21:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 What are the Taxable Incomes? https://www.muhasebenews.com/en/what-are-the-taxable-incomes/ https://www.muhasebenews.com/en/what-are-the-taxable-incomes/#respond Sat, 01 Dec 2018 10:21:21 +0000 https://www.muhasebenews.com/?p=15103 Personal income tax (PIT) is levied on the income of individuals. The term “individuals” means natural person. In the application of income tax, partnerships are not deemed to be separate entities and each partner is taxed individually on his/her share of profit. An individual’s income may consist of one or more income elements listed below:
-Business profits,
-Agricultural profits,
-Salaries and wages,
-Incomes from independent personal services,
-Incomes from immovable property and rights (rental income),
-Incomes from capital investment,
-Other incomes and earnings without considering the source of income.

Source: Revenue Administration

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