Personal Income Tax Return - Filing in March 2025

Individuals (income tax payers) are required to declare their income in March.

Examples of income that must be declared:

• Salaries and attendance fees (if the annual gross exceeds 3,000,000 TL, receiving salaries from two different employers (230,000 TL - under certain conditions), etc.)

• Rental income (33,000 TL, 230,000 TL - under certain conditions)

• Real estate purchase and sale gains (under certain conditions)

• Vehicle purchase and sale gains (under certain conditions)

• Interest income derived from Eurobonds and offshore accounts (230,000 TL - under certain conditions)

• Dividend income (230,000 TL)

• Capital gains from value increases (87,000 TL)

• Incidental gains (200,000 TL)

If you would like us to prepare your Income Tax return, our service fee is 15,000 TL + VAT per person.

In the event that a tax refund arises and you wish us to manage the follow-up of this refund, our refund process tracking service fee is 10,000 TL + VAT, which will be charged in addition to the tax return service fee.

Due to the time required to procure the necessary documents and information for the tax return and the review process, we kindly request that you provide your confirmation to us by Friday, March 7, 2025.

Should we commence the engagement, the list of required documents and information, along with the timeline for the process, will be shared separately.

Important Notice:

Recently, SMS messages have been sent by the Revenue Administration to numerous individuals, stating that an income tax return must be filed due to rental income.

However, many of these individuals do not actually have any rental income.