‘Tax’ warning from Minister Şimşek to homeowners – Last Minute Economy News

Minister of Treasury and Finance Mehmet Şimşek made an evaluation about the work carried out after the declaration period regarding rental income ended.

Reminding that the Revenue Administration has implemented practices that increase taxpayers’ voluntary tax compliance, Şimşek said that since the beginning of this year, many studies have been carried out to identify and inform taxpayers who earn rental income and need to file a declaration.

Şimşek stated that, in this context, as a result of the analyzes made using information obtained from many institutions, especially banks, insurance companies, land registry and civil registry offices, actual inspection work was initiated on approximately 1.5 million houses that were determined to be rented.

Stating that information about the owner of the house, the tenant and the rent amount were recorded in the residences visited one by one by the tax office employees, Şimşek stated that in this context, actual checks were carried out at more than 400 thousand addresses.

“NUMBER OF STATEMENTS INCREASED BY 27 PERCENT”

Şimşek also reminded that tenants are allowed to quickly and easily transmit information about the residences and workplaces they rent to the Presidency through the “Rent Notification Form” added to the Digital Tax Office, and said:

“The Presidency sent information and reminder SMS messages to more than 1 million taxpayers who were required to file their returns before March 1, which is the beginning of the declaration period, and to more than 1 million taxpayers who did not submit their returns within the declaration period. During the declaration period, taxpayers can easily submit their declarations through stands set up in shopping malls as well as tax offices. provided.”

Providing information about the results of the declaration period, Şimşek said, “During the declaration period that ended on Friday, April 5, 1 million 811 thousand taxpayers who obtained income from rents, wages, movable capital income and other earnings and revenues filed declarations. With the declarations submitted by these taxpayers, 399 “A base of 2 billion lira and a tax of 126.9 billion lira were declared.” he said.

Reminding that 1 million 423 thousand taxpayers declared a tax base of 192.4 billion lira and 63.2 billion lira of tax in March last year, Şimşek said that there was a 27 percent increase in the number of declarations, 107 percent in the tax base and 101 percent in the calculated tax compared to last year.

Emphasizing that the number of declarations and the declared base and tax amounts this year are the highest number and amount since 2016, when the Ready Declaration System was implemented, Şimşek made the following evaluation:

“After the end of the declaration period, the Revenue Administration has identified taxpayers who did not file a return despite earning income from rent, wage and capital gains. These taxpayers will be sent to the tax offices as soon as possible to take penal action against them. Those who did not file a return despite earning income, It is possible to file a declaration by taking advantage of the regret provisions of the Tax Procedure Law without receiving a letter from the tax office. There is no penalty when a declaration is made with regret. The declaration can be submitted from anywhere there is internet with the Ready Declaration System, and the tax can be paid online with a debit card or credit card through this system. “

“THOSE WHO CAUSE TAX EVASION WILL BE DETERMINEDLY ACCOUNTED”

Minister Şimşek stated that they will continue to take steps to reduce informality and improve the competitive environment and continued as follows:

“Rent inspections, which are part of the work to be carried out this year within the scope of the fight against the informal economy, are comprehensive and carried out throughout the country. We are strengthening the fight against informality for fair competition and financial discipline. As always, we will pursue those who make unfair profits by causing tax losses and evasion.” “Declaring the earnings correctly during the declaration period is also important in terms of ensuring tax justice. Our work will continue with determination to prevent tax loss and evasion, and those who cause tax evasion will be dealt with determinedly.”