Each year, the rental income earned by real persons are declared to the respective tax office with the Annual Income Declaration until the end of March (for 2023 income, 31st of March, 2024). The types of income that are within the scope of moveable assets except the rental income, are stated in the Income Tax Law Number 70. In order to declare the rent income, the lump sum expense method and actual expense method are implemented. As of 2022 tax year, for the rental income, the ratio of 15% would be used for lump sum expense calculations. In the below table, the related details are provided for rental income from residential and commercial places. For further detailed information please contact your customer representative or an expert.

General Communiqué of General Directorate of Accounting (Sequence No: 87) was published in the Official Gazette numbered 32455 on February 9, 2024.

The purpose of the Communiqué is to determine the monetary limits and unit prices to be applied within the scope of the Public Financial Management and Control Law and other legislation.

The relevant Communiqué has published the monetary limits and unit prices in its Annex and the monetary limits are shown in a table.

Law Amending the Unemployment Insurance Law and Certain Laws was published in the Official Gazette numbered 32449 on February 3, 2024.

The purpose of the Law is to make arrangements for short-time working allowance in general.

The related Law entered into force by amending the additional article 2 of the Unemployment Insurance Law dated August 25, 1999 and numbered 4447 ("Unemployment Insurance Law").

With the Presidential Decision published in the Official Gazette dated February 3, 2024 and numbered 32449, the period of the social security premium incentive numbered 6111, which is included in the temporary article 10 of the Unemployment Insurance Law No. 4447, is extended until December 31, 2025.

For each insurant employee to be recruited in order to apply the relevant incentive, it is essential that;