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.

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