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March 12, 2024

Turkiye kicks off new tax filing season

According to Turkish Income Tax Code, the annual income tax returns for 2023 should be filed between 1 March and 1 April 2024.

The tax returns can be filed electronically using the online system of Tax Authority, as well as by visiting the Tax Offices to file a paper return.

The income tax due shall be paid in two equal installments in March 2024 and July 2024. The total income tax due can be also paid in March, along with the stamp tax for the tax return.

By taking into account deductible expenses listed in Turkish Income Tax Code, a tax return may also result in a refund, which should be followed up with the Tax Authority and requires a detailed tax audit and review.

There is no specific regime for expatriates and foreign nationals. Different rules may also apply depending on tax residency, Double Tax Treaties, nationalities and duration of stay in Turkiye.

What is new?

The Turkish Tax Authority has also started to collect information from taxpayers (e.g., email addresses, street addresses, preferred phone numbers) to facilitate the communication on the e-notification system as a part of the online tax return filing system.

Based on these developments, the audits on the annual income tax return of real (i.e., individual) taxpayers will likely continue to increase in the coming months to minimize tax errors or prevent tax evasion. Therefore, tax returns should be prepared with professional assistance where necessary.

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Contact Information

For additional information concerning this Alert, please contact:

Kuzey Yeminli Mali Müsavirlik A.S., Istanbul

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor