Research on the declaration period for those earning rental income has begun. Property owners who earn annual rental income of over 33,000 lira from residential properties in 2024 and over 230,000 lira from commercial premises will have to pay income tax. Those who earn rental income below the exemption amount will not need to file a declaration. So, when will the rental income declaration applications end? The process of declaring rent that is of great interest to property owners earning income from real estate is being closely monitored by millions of people. Declarations that are mandatory to be filed electronically will incur a special procedural irregularity penalty if not filed on time. Furthermore, if the tax is not accrued on time, a penalty of double the tax loss will be applied. WHEN WILL THE RENTAL INCOME DECLARATION BE FILED? Property owners earning rental income can file their declarations from March 1 to April 2. Property owners will be able to fill out their declarations between March 1 and April 2 (due to March 31 and April 1 being official holidays). WHERE WILL THE RENTAL INCOME DECLARATION BE FILED? Property owners can fill out the “ready declaration system” on the “gib.gov.tr” internet address of the Revenue Administration Presidency. Additionally, ready declarations can be accessed through the Digital Tax Office. The accrued tax can be paid through the Digital Tax Office (dijital.gib.gov.tr), bank cards/credit cards of participating banks, bank transfers from bank accounts, cards of banks operating in foreign countries, participating banks and tax office cashiers, or PTT branches. TENANTS TO RECEIVE “RENTAL DECLARATION FORM” Tenants will be able to fill out the “rental declaration form” this year as well, just like last year. If they are subscribers to the Digital Tax Office, they can access the form by entering the system with their user information and password. Additionally, necessary information can be accessed with an e-Government password. This method aims to compare the rental income declared by property owners with the declarations of tenants. The practice aims to reveal those showing lower rental values, those making incorrect declarations, or those who do not declare at all. Furthermore, it plans to prevent tax evasion. WHEN IS THE TAX PAYMENT DUE? Income tax accrued on annual income tax returns for 2024 rental income will be paid in two equal installments in April and July 2025. The first installment can be paid by April 2, along with the stamp duty, and the second installment can be paid until July 31. Each family member will be required to file a separate declaration for the rental income they earn from properties and rights they own. In the case of multiple individuals having a stake in a property, each person will declare the rental income corresponding to their share. HOW WILL TAXPAYERS LIVING ABROAD APPLY? Citizens living abroad are taxed as limited taxpayers for their income and earnings in Turkey. Turkish Republic citizens, blue card holders, and foreigners with foreign identity numbers who live abroad and want to file a declaration through the system can obtain an e-Government password from foreign representations. Additionally, they can submit the declaration via the “Ready Declaration” mobile application from their phones.