Corporate tax payers can submit their 2024 tax declarations between April 1-30. The declaration period begins tomorrow for capital companies, cooperatives, economic public institutions, economic enterprises owned by associations or foundations, and partnerships subject to corporate tax. Taxpayers can declare their corporate taxes for the 2024 fiscal period until the end of April. Corporate tax will also be paid between April 1-30. Companies with special fiscal periods must pay their taxes by the end of the relevant month in which they submit their declarations. Taxpayers can pay their taxes through the Revenue Administration’s (GİB) “gib.gov.tr” website, Digital Tax Office, GİB mobile application, bank-credit cards or accounts from contracted banks, cards from foreign banks operating in other countries. Payments can also be made through branches of contracted banks, internet, telephone, mobile banking channels, and PTT branches. 5% DISCOUNT FOR ELIGIBLE TAXPAYERS Declarations must include balance sheets, income statements, business account summaries, tax payments through withholding, profits from free zones, venture capital and technopark capital support, taxes paid in foreign countries, basic financial statements, notifications related to corporate partners and board of directors. It is important to provide information and documents related to discounts and exceptions such as R&D activities, design, cash capital increase, and industrial property rights with the declaration. Corporate tax payers (excluding those in the finance and banking sectors, insurance and reinsurance companies, retirement companies, and retirement investment funds) who meet the specified conditions are eligible for a 5% discount on the tax calculated on their declarations. For this, certain conditions such as timely payment of taxes for the year to which the declaration belongs and the last two years before it, and having no overdue debts are required.
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