The professional income will be deducted on the annual declaration. If the amount of earnings calculated by deducting the mentioned expenses from the revenue remains below the declaration limit of TL it will not be possible to submit a declaration . If the remaining earnings amount after deducting the expenses incurred to obtain the earnings from the revenue exceeds the declaration limit of TL the entire earnings must be declared.
Since it will be determined at the end of the year whether the exemption can be used or not taxpayers who cannot benefit from the exemption will not be obliged to submit a provisional tax return. Continuous or incidental acquisition of royalties does not constitute an obstacle to the application of the exception. Therefore the exemption limit of TL will also apply if the royalty income is B TO B Database obtained incidentally expenses incurred in connection with obtaining and maintaining professional earnings listed in Article of the Income Tax Law can be deducted on the annual declaration. In order for the expenses in question to be subject to deduction they must be documented with the documents specified in the Tax Procedure Law.
In case of submitting an annual declaration it is possible to deduct some expenses from the declared income such as personal insurance premiums included in Article of the Income Tax Law education and health expenses sponsorship expenses and donations and aid that are regulated in the disability deduction relevant laws. Taxes deducted during the year according to Article of the Income Tax Law can be deducted from the income tax calculated on the annual declaration. Whether the amount in the fourth income bracket of the income tax tariff has been exceeded will be evaluated separately for each year as of the end of the calendar year. Failure to benefit from the exception in the relevant calendar year will not.