Tax Payment and Declaration Periods for Various Taxes

Income Tax Return - Yearly

Tax payers taxed under simple earnings basis

Declaration to be submitted at 25th of February of the following year within working hours.

Payment must be processed with two installments, February and June.

Other tax payers

Declaration to be submitted at 25th of March of the following year within working hours.

Payment must be processed with two installments, March and July.

Withholding Tax Return

Must be declared on 23rd of the following month within working hours.

Payment must be processed on 26th of the same month. (12 times a year)

Business Places (Firms) with an employee number less than 10 are required to submit 4 times a year; January,April,July and October.

Corporate Tax Declaration

25th of April of the year following the close of your taxation year

i.e. Tax Period: 01.01.2009 to 31.12.2009

Declaration deadline : 25.04.2010

Payment must be processed latest at the last day of April.

Pre-Paid Corporate Tax (Advance Tax)

Filled every 3 months (4 times a year) by self-employed (professional occupation) and commercial income earner corporate tax payers and income tax payers who were taxed under actual earning basis.

Declaration to be submitted on the 14th day of 2nd month following the 3 months period within working hours.

Payment must be processed 17th day of same month.

Value Added Tax Return (VAT Declaration)

24th of the every month following the ending of previous month.

Payment must be processed 26th day of same month. (12 times a year)

i.e. VAT Return must be submitted on 24th of February 2010 for January 2010. Payment must be done on 26th of February.

Stamp Tax Declaration

Stamp tax collected against a receipt or via remuneration deductions must be declared at the 20th business day of the following month.

26th of the same month is the deadline for payment. (12 times a year)

Banking and Insurance Transactions Tax Return (BSMV in Turkish)

Submitted at the 15th of following month and paid at the same term.

Property Tax

Taxes accrued by municipalities will be paid by two installments.

First installment at March,April, May and second at November.

Inheritance Tax

Declaration must be submitted within 4 months following the date of death as a regulation of inheritance.

At cases with unreturned successions, within 1 month following the acquisition of goods.

Payment is processed in 3 years with total 3 installements.

Two installments for every year (May and November)

Motor Vehicle Tax

Taxes determined as lump-sum will be paid at January and July as two installments.

OTHER IMPORTANT DATES & DEADLINES

Tax Plate (Tax Registration Certificate) Certification :

Within the month of May

Social Security Premium Declaration:

Submitted and paid latest at the following months last day.

Chamber of Commerce and Chamber of Industry with Commodity Exchange Subscription Fee:

Paid by two equal installments scheduled for May and October.

Additional subscription fee for Chambers of Commerce and Industry should be paid at May and December with two equal installments.

Notary Certification of Official Books

Opening certification within the month of December, closing within January.

Newly started business should make certification before starting.