Discover For The Authorized Obligations In The Month Of Could 2022 – Withholding Tax

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Obtaining Tax Plate

Tax plates are required to be generated after submission of

annual Income Tax and Corporate Tax declarations, until

31.05.2022, via GIB (In Turkish)

Internet Tax Office system.

With the General Communiqué No. 408 of Tax Procedural

Law (VUK) (In Turkish), 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 500,00 TL for

2022 will be issued, in accordance with the VUK article

353/4.

Provisional Tax Declaration

Income and Corporate Provisional Tax declarations are to be

submitted until 17.05.2022, and accrued payments

of the related declarations are required to be completed until the

end of 20.05.2022.

Liaison Office Activity Declaration

Liaison Office Activity Information

forms are required to be submitted as attached to bank statements

and foreign exchange letters to the Ministry of Industry

and Technology (In Turkish), until the end of

May.

Property Tax and Sanitation Tax Payments

Property tax is paid in two equal installments every year. First

installments are paid in March, April and May, and second

installment is due in November.

Deadline for the first installment of property tax and

sanitation tax is 31.05.2022.

Municipalities collect sanitation tax in 2 installments each

year (in May and November) from workplaces that

benefit from solid waste collection and sewerage services.

Inheritance Tax

In case of death, within four months following the date of

death, in other transfers within one month from the date of

acquisition, in the case of competitions and sweepstakes, transfers

must be declared until the evening of the twentieth day of the

month following the day of the draw.

Following the accrual, tax must be paid within three years and

in two equal installments in May and November each

year.

Activity Declarations of Foreign Capital Companies

Foreign Direct Investments Information Form in E-TUYS system

shall be digitally completed regarding capital and activities of

foreign capital companies, until the end of

May.

Statement and Payment of Investment Discount Withholding

Per articles 61 and 69 of the Income Tax Law, a withholding tax

of 19.8% is required on the parts of the investment allowance

earned per Annex 1-6 of the Income

Tax Law (In Turkish) for the tax payers benefit from the

incentive discount on the corporate tax returns.

The investment incentive withholding tax must be declared via

withholding tax return until the evening of the 26th day of

May and the tax amount must be paid until the evening of

the same day.

The use of investment incentive rights arising from investments

within the scope of Article 19 of the Income Tax Law does not

require withholding tax.

The content of this article is intended to provide a general

guide to the subject matter. Specialist advice should be sought

about your specific circumstances.