2020 Yılında Uygulanacak Gelir Vergisi Oranları ve Beyanı (İngilizce Versiyonu)

 Sirküler No: 2020 / 15

Tarih: 15.01.2020

According to Law No. 7194 published in the Official Gazette dated 7 December 2019, new income tax rate of 40% is included in the Article 103 of the Turkish Income Tax Law. The amounts for the 2020 are as follows:

01.01.2020 – 31.12.2020 income tax tariff is the following:

The first four brackets of the current rate has not been changed; however, earnings exceeding TRY 600.000 will be subject to 40% income tax.

Income Tax Return Declaration Obligation For The Wages 

According to article 15 of this Law, subparagraph (b) of paragraph (1) of the first paragraph of the 86th article of the Income Tax Law has been amended. Those who receive salary income more than amount TRY 600,000 (for 2020) are required to submit a declaration by the end of March of the following year;

• Those who receive salary income that is subject to withholding tax by their only employer and more than the amount stated in the fourth income tax bracket (TRY 600,000) are required to file an income tax return. 

For salary income received from more than one employer within the same year and that is subject to withholding tax, those who receive salary income are required to file an income tax return if the total yearly salary income exceeds the amount stated in the fourth income tax bracket (TRY 600,000) and the total salary income received from the first employers exceeds the amount stated in the second income tax bracket (TRY 49,000).

   You can access the Law No. 7194

Best Regards,