Commencement of Corporate Tax Declaration and Payment Period

Corporate taxpayers can submit their 2024 tax returns between April 1-30. The declaration period has started for capital companies, cooperatives, economic public institutions, and enterprises of associations or foundations under corporate tax liability. Taxpayers can declare their corporate taxes for the 2024 tax period by the end of April. Corporate taxes will be paid between April 1-30. Companies with special accounting periods must pay their taxes by the end of the relevant month when they submit their returns. Taxpayers can make their payments through the “gib.gov.tr” website of the Revenue Administration (GİB), the Digital Tax Office, and the GİB mobile application, as well as through the bank-credit card or accounts of partner banks, including foreign banks operating abroad. Payments can also be made through the branches of partner banks, online, phone, and mobile banking channels, as well as at PTT branches. COMPATIBLE TAXPAYERS ELIGIBLE FOR A 5% DISCOUNT It is necessary to attach information and documents to the returns such as the balance sheet, income statement, summary of operating accounts, taxes paid through withholding, income derived from free zones, incentives for technology ventures and technoparks, taxes paid in foreign countries, basic financial statements, and notifications related to corporate partners and board members. Providing information and documents related to deductions and exemptions such as R&D, design, cash capital increase, industrial property rights exemption is crucial. Corporate taxpayers (except those operating in the finance and banking sectors, insurance and reinsurance companies, pension companies, and pension investment funds) whose returns meet certain criteria are eligible for a 5% discount on the tax calculated on their returns. This includes meeting conditions such as timely payment of taxes for the year of the return and the preceding two years, without any outstanding debt.