What Is Income Tax ?
Income tax; It is a type of tax levied on the income of real persons. That is, non-institutionalised persons who can acquire rights and exercise authority in law. Income is the net amount of earnings and revenues obtained by a real person in a calendar year.
WHAT ARE THE ELEMENTS OF INCOME ?
Income subject to income tax is defined in the “Income Tax Law”. Accordingly, earnings and revenues included in income are as follows:
Commercial earnings
Agricultural earnings
Fees
Self-employment earnings
Real estate capital income
Income from movable capital
Other earnings and revenues.
What does irat mean?
According to TDK, irat means income, income-generating property.
WHO ARE THE INCOME TAX PAYERS? WHO PAYS INCOME TAX?
Full taxpayers for income tax:
Those whose residence is in Turkey,
Those who reside in Turkey continuously for more than six months in a calendar year,
Turkish citizens who reside in foreign countries due to the business of the aforementioned departments, institutions, organisations and undertakings which are affiliated to official departments and institutions or to organisations and undertakings headquartered in Turkey.
These taxpayers are taxed on all of their income and profits both in and out of Turkey.
Real persons who are not resident in Turkey are deemed to be limited taxpayers and are taxed only on the income and profits derived in Turkey.
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