What will be the taxation of the property capital income of the Turkish citizens living abroad?
Turkish citizens living abroad for more than six months with work or residence permit, are taxed in terms of income and revenues on the basis of limited liability. Aforementioned citizens to be taxed based on limited liability, they will not submit a declaration, if all of the income earned in Turkey consists of property capital income which is taxed with detention.
The limited taxpayers will inform all property capital incomes which have not been subjected to tax and have earned in Turkey, with a separate declaration within 15 days of notification and will pay the tax within this period.
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.
