2023 Tax Map for Rent Income Earners

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.

You can also use the Ready Declaration (In Turkish) page of the revenue administration for the rent income declaration.

Should you have any queries or need further details, please contact your customer representative.

Yazar Selma Kıy, Kategori Taxation Law

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