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Rental income tax

Annual return on residential and commercial rent: exemption, lump-sum expenses, withholding credit and tax payable.

Expense method

How it is calculated

Steps: deduct the TRY 58,000 exemption from residential rent; deduct 15% lump-sum or documented expenses; apply the non-wage tariff and credit the 20% withholding on commercial rent.

Legal basis: Income Tax Law arts. 21, 70–74, 86, 94/5-a and 103.