The deadline for corporate taxpayers to submit their declarations for the 2019 accounting period and to pay the taxes accrued on these declarations will expire at the end of Monday, June 1.
According to the information compiled by the AA correspondent, the declaration period is ending for capital companies, cooperatives, economic public institutions, economic enterprises belonging to associations or foundations, and business partnerships that are corporate tax payers.
The corporate tax return for the accounting period of January 1 – December 31, 2019 was supposed to be submitted in April, but within the scope of the new type of coronavirus (Covid-19) measures, the period that expired on April 30 was postponed to June 1.
In this context, corporate tax returns for the 2019 accounting period must be submitted by the end of the day tomorrow and the taxes accrued on these returns must be paid.
Corporate tax is collected at a rate of 20 percent on corporate profits, but this rate is applied as 22 percent for 2019.
Corporate tax returns are prepared electronically. Taxpayers can submit their declarations electronically via the “www.gib.gov.tr” website of the Revenue Administration (GİB) at “https://ebeyanname.gib.gov.tr”.
Corporate tax can also be paid from the “ivd.gib.gov.tr” address of the Interactive Tax Office, from the Revenue Administration mobile application or from tax offices.
5 percent discount for compliant taxpayers
Declarations, balance sheet, income statement, business account summary, taxes paid through deductions, taxes paid in foreign countries, basic financial statements, notification regarding corporate partners and board members, list of related persons and transactions within the scope of transfer pricing, and information on thin capital application. documents need to be attached.
Information and documents regarding discounts and exceptions such as R&D and design discounts and industrial property right exemptions are also required to be submitted with the declaration.
Corporate taxpayers (except those operating in the finance and banking sectors, insurance and reinsurance companies, pension companies and pension investment funds) who meet the specified conditions are subject to a 5 percent discount on the tax calculated on their declarations. For this purpose, conditions are required such as paying the taxes for the year to which the declaration will be calculated for which the discount will be calculated and the last two years before this year, within the legal period and not having any overdue debts.
Source: https://www.aa.com.tr/tr/ekonomi/kurumlar-vergisi-beyannamesi-icin-yarin-son-gun/1859526
