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The Owners Lounge => General Discussion => Topic started by: wendytowers on March 05, 2018, 11:51:55 AM

Title: villa rental income tax
Post by: wendytowers on March 05, 2018, 11:51:55 AM
Hi

Just a general query on last years tax system not the new one starting this year.  I know the 15% rate of tax applies to income 0 - 13000 TL and 20% from 13001 - 30000 TL but does  the percentage tax rate (15% or 20%) depend on the net or gross rental income.  e.g.  if your gross income was 20,000 TL and your expenses 10,000 TL  giving you a net income of 10,000TL is the tax rate charged at 15% or 20% on the income?

Many thanks
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