According to the 27998389 - 010.06.02.205248 numbered Circular published by the Ministry of Treasury and Finance with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a public officers have been revised effective 01.07.2019.
The income generated from renting commodity and rights, which are indicated in the 70th Article of the Income Tax Law, is defined as “estate capital revenue” and these revenues are subject to income tax under certain circumstances.
As it is clearly indicated in the 64th article of Turkish Commercial Code numbered 6102; every merchant is liable to keep commercial journals, and expose commercial transactions, financial and fiscal status of the commercial enterprise, debt and credit relations and outcomes obtained in every accounting period in accordance with the related Law.