ARTICLE · 24 OCTOBER 2023

BDO Denet Monthly Report – September 2023-9

BDO TURKIYE (DENET YEMINLI MALI MUSAVIRLIK A.S.)

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With the month of September, we are preparing to say farewell to summer. School bells will ring on Monday, September 11, as a sign of autumn's arrival, and the new academic year will begin with excitement.

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August 2023
Financial Agenda

With the month of September, we are preparing to say farewell to summer. School bells will ring on Monday, September 11, as a sign of autumn's arrival, and the new academic year will begin with excitement.

In Türkiye, certain expenses are allowed to be deducted from personal income tax base on the return, both to encourage taxpayers to file tax return and to take into account certain social considerations, which means paying less tax in practice. Accordingly, education and health expenses made for the taxpayers themselves, their spouse, and minor children can be subject to deduction from personal income tax base, if it does not exceed 10% of the declared income, if it is made in Türkiye, and if it is certified by documents to be obtained from real or legal persons with personal or corporate income tax liability.

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