Kalkan Turkey Forum - EnjoyKalkan.com

Kalkan Discussion => Money & Finance => Topic started by: caradog on January 30, 2017, 06:52:16 PM

Title: Minimum Tax Payment
Post by: caradog on January 30, 2017, 06:52:16 PM

Hi, does anyone know whether there is a minimum amount of tax payable on lettings. I was under the impression that if the total income didn't exceed the tax allowance then as in this and probably every other country then no tax was due.
However our friendly well known Kalkan accountant insists there is a minimum amount payable, together with his own fee of course!
Methinks a change of accountant in May!

Title: Re: Minimum Tax Payment
Post by: hobbo on January 31, 2017, 10:21:11 AM

The 2017 guide document has not yet been published yet but this was the guide to the rules from 2016

http://www.gib.gov.tr/sites/default/files/fileadmin/beyannamerehberi/2016_darmukellef_ingilizce.pdf (http://www.gib.gov.tr/sites/default/files/fileadmin/beyannamerehberi/2016_darmukellef_ingilizce.pdf)

I haven't heard of any changes except that the personal allowance will have increased

hope this helps

Title: Re: Minimum Tax Payment
Post by: caradog on February 01, 2017, 09:09:56 PM

Thanks Hobbo. From my reading of para 5 no tax would be payable - there is no mention of any "minimum payment". Sounds like we are being ripped off.

Title: Re: Minimum Tax Payment
Post by: hobbo on February 02, 2017, 09:28:08 AM

yes I would certainly be asking for an explanation.

Title: Re: Minimum Tax Payment
Post by: caradog on February 02, 2017, 04:52:19 PM

Yes, tried that. That's where the "minimum payment" came from.

Title: Re: Minimum Tax Payment
Post by: Wendy on February 08, 2017, 08:28:47 PM

This is what our accountant said, "We make your paperwork to declare to goverment tax Office. You will not pay any tax. Your accounttant fee per person  195 TL  (two person total  390 TL) should pay until 20.02.2017"

But then we had a pretty shite rentals year last year.