Obtaining Tax Plate

Tax plates are required to be generated after submission of annual Income Tax and Corporate Tax declarations, until 31.05.2021, via GIB Internet Tax Office system.

With the General Communiqué No. 408 of Tax Procedural Law (VUK), the obligation of hanging tax plates to company and branches was cancelled, and the practice of keeping them at the workplace was introduced.

If it is determined that tax plates are not kept at the workplace, a special irregularity fine of 380,00 TL for 2021 will be issued, in accordance with the VUK article 353/4.

According to the 2^nd Article of Industrial Registry Law No. 6948, industrial businesses must be registered to industrial registry and receive an Industrial Registry Certificate.

Companies, which have Industrial Registry Certificate, are required to declare their "Annual Operating Statements" within the first four months of every year.

Annual Operating Statements shall be submitted on The Ministry of Industry and Technology’s website www.sanayi.gov.tr from the section "Industrial Registry Information System", which can be found under the "E-Services" menu.

Companies, which have Industrial Registry Certificate, must submit declaration of 2020 "Annual Operating Statement" digitally until 30.04.2021 at the latest to avoid penal sanctions.

Within this scope, businesses that do not fulfil the mentioned liability will be imposed an administrative fine of 1.730,00 TL as per the limits determined for 2021.

Social Security Institution has published a new Communique (No:2021/8) and changed the related part on the Communique 2020/20 about the social security premium calculations of the employees working on R&D or Technology Development areas in line with the related Laws no: 5746 and 4691.

Per that regulation; income tax and stamp tax would be applied for the wages of the R&D employees working in the scope of the Law No 4691. During the calculation of gross and net wages, income tax and stamp tax would be taken into account.

Accordingly, the approach of the gross and net wage calculations would be as below:

Gross Wage: Net Wage + Social Security Premium (Employee Portion) + Unemployment Premium (Employee Portion) + Income Tax + Stamp Tax

Net Wage: Gross Wage - Social Security Premium (Employee Portion) - Unemployment Premium (Employee Portion) - Income Tax - Stamp Tax

Each year, the rent income that individuals earn is declared through the Annual Income Declaration within March. The declarations for 2020 income should be submitted until March 31, 2021. The types of income that are within the scope of GMSI except for the rental income, are stated in the Income Tax Law Number 70.

In order to declare the rental income, the lump sum expense method and real expense methods are implemented. After deducting the amount of exception from the rental income, 15% of the remaining amount can be deducted against actual expenses. Lump sum expense method is not applicable for lease of rights. Information is only provided for rental income from residental and commercial places in the table below. For further detailed information, please contact your customer representative or an expert.