Investment Guide
REAL ESTATE ACQUISITION AND INVESTMENT GUIDE IN TURKEY
Turkey, noting significant progress with its developing economy in recent years, investments in construction and real estate sectors, is becoming a center of attraction for institutional and individual investors. In this process, the country offers significant opportunities to foreign investors who need to master local dynamics to make successful investment decisions. As Trem Global team, we are closely following developments in order to provide support to investors in real estate acquisition and investment issues, which are highly dependent on internal and external factors and have unique problems, with our experienced and industry-dominated staff. In order to meet the needs of our customers in Turkey, and to help them achieve successful results in investment decisions we present Real Estate Acquisition and Investment Guide in Turkey to the investors, where we provide sector-specific knowledge. The information in this guide is general, not social, tax or legal advice.
Income Tax Return, Place and Time of Payment
Income tax return is a statement showing the income and tax levy to be realized. The relevant declaration can be accessed through the Revenue Administration website. Annual income tax returns are issued from the beginning of March of the following year until the evening of the 25th day. If the income consists only of commercial earnings determined in a simple manner, it is given from the beginning of February to the evening of the 25th day of the following year.
The income tax is paid in two installments. If the income does not consist only of commercial earnings determined in a simple manner, the first installment is paid until the end of March and the second installment is paid until the end of July. If the income consists only of commercial earnings determined in a simple manner, the first installment is paid until the end of February and the second installment is paid until the end of June.
Income tax payers ' payments are made to the tax offices where they reside, to the tax offices where their businesses are connected, or through banks.
