Income tax; It is a type of tax levied on the income of real persons, that is, unincorporated persons who can acquire rights and exercise authority in law. Income is the net amount of earnings and revenues earned by a natural person in a calendar year.
WHAT ARE THE ELEMENTS OF INCOME?
Income subject to income tax is defined in the “Income Tax Law”. Accordingly, the earnings and revenues included in the income are as follows:
commercial earnings
Agricultural earnings
Fees
Self-employment earnings
Real estate capital gains
Securities capital gains
Other earnings and revenues.
What does irrat mean?
According to TDK, income; income, income generating property.
WHO ARE THE INCOME TAX LIABILITY? WHO PAYS INCOME TAX?
Full taxpayers for income tax:
Those whose domicile is in Turkey,
Those who reside in Turkey continuously for more than six months in a calendar year,
They are Turkish citizens who are affiliated with official offices and institutions or establishments and enterprises headquartered in Turkey and who reside in foreign countries due to the work of the aforementioned departments, institutions, organizations and undertakings.
These taxpayers are taxed on all of their earnings and revenues in and out of Turkey.
Real persons who are not resident in Turkey are considered limited taxpayers and are taxed only on their earnings and revenues in Turkey.
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