The declaration process for those earning rental income begins tomorrow. Individuals with an annual rental income of over 33,000 lira for residential properties, and 230,000 lira for commercial properties, will need to pay taxes.

The rental declaration process that concerns property owners earning income from real estate starts tomorrow. Property owners can fill out their declarations between March 1st and April 2nd (due to March 31st and April 1st being official holidays). Property owners who earn over 33,000 lira annually from residential properties and over 230,000 lira from commercial properties will pay income tax. Those earning rental income below the exemption limit will not have to submit a declaration. Tenants will be able to fill out a “rental notification form” this year, just like last year. The processes can be carried out through the Digital Tax Office. This method aims to compare the rental income declared by property owners with the declarations of tenants. The application aims to identify those showing low rental amounts, those providing incorrect information, or those who do not submit declarations at all, while also planning to prevent tax evasion. Property owners can fill out the “ready declaration system” through the Revenue Administration’s website “gib.gov.tr.” Additionally, the ready declaration can be accessed through the Digital Tax Office. Each family member will have to submit separate declarations for the rental incomes obtained from the properties and rights they own. In cases where multiple individuals jointly own a residential property, each person will declare the rental income corresponding to their share. Citizens residing abroad are subject to taxation as limited taxpayers for their income and earnings obtained in Turkey. Turkish Republic citizens residing abroad and who wish to submit declarations online can obtain an “e-Government” password from foreign missions, blue card holders, and foreign nationals with identity numbers. Additionally, declarations can be sent via the “Ready Declaration” mobile application using a cellphone.

FIRST INSTALLMENT IN APRIL

The accrued tax from the annual income tax returns related to rental income earned in the 2024 calendar year can be paid in two equal installments in April and July of 2025. The first installment can be paid by April 2nd with stamp duty, and the second installment can be paid by July 31st through digital.gib.gov.tr or via bank card/credit card of contracted banks, bank transfer, cards from banks operating in foreign countries, authorized banks for tax collection, tax offices and PTT branches.

PENALTY FOR FAILURE TO DECLARE
Special irregularity penalties will be imposed for declarations that are mandatory to be made electronically and not submitted on time. Additionally, if the tax is not accrued on time, a penalty of tax loss amounting to double the tax will be imposed.