Turkey Tax Agency Posts Updated Guide on Taxation of 2025 Wage Income

The Turkish Revenue Administration Feb. 20 posted Publication No. 586, on the individual income taxation of 2025 wage income. Topics covered include: 1) the filing period, from March 1 to March 31, for 2025 income tax returns; 2) the deadlines of March 31 and July 31 for first and second installment payments, respectively; 3) wage income exemptions and deductions; 4) the rules and income thresholds for declaring wage income from one or more employers; 5) guidance on declaring wage income subject to withholding, wage income exempt from withholding, and foreign-sourced wage income, with examples; and 6) the eligibility criteria for ...