Circular 2026 – 002
The Amounts and Amounts to be applied in 2026 regarding the Exemptions and Deductions in the Income Tax Law are Announced
By the Presidency of the Revenue Administration of the Ministry of Treasury and Finance, the exemption and deduction figures in various articles of the Income Tax Law, which will be applied in 2026, were announced for 2025. (%25,49)Calculated by taking into account the (twenty-five point forty-nine) revaluation rate, it was announced with the General Communiqué on Income Tax numbered 332, published in the Official Gazette dated December 31, 2025, numbered 33124 (Second Reprint).
Within the scope of the information in the communiqué in question, the exemption and reduction amounts to be applied for the 2026 revenues are presented below for your attention.
* The declaration threshold for securities and real estate capital income not subject to withholding or exemption, as stipulated in Article 86 of the Income Tax Law, is to be applied to the income of the calendar year 2026 22,000 TL has been identified. The declaration limit for dividend income (both movable and immovable capital income) subject to withholding tax is the income falling within the second income bracket of the tariff specified in Article 103 of the Income Tax Law (for income in the 2026 calendar year) 400,000 TL He has a seizure.
Application of the discount rate to be considered in the declaration of a portion of capital gains income earned in the 2025 calendar year
In the second paragraph of Article 76 of the Income Tax Law, which was repealed by Article 44 of Law No. 5281, it was stated that the portion to be calculated by applying the discount rate specified in the paragraph to the capital income from securities mentioned in subparagraphs (5), (6), (7), (12), and (14) of the second paragraph of Article 75 of Law No. 193 (excluding interest and profit shares paid on accounts opened in foreign currency, and those obtained from securities linked to foreign currency, gold, or other assets, as well as securities issued in foreign currency) would be taken into account as a discount during the declaration of these incomes.
Although Article 76, second paragraph of Law No. 193, regarding the application of the discount rate, was repealed by Law No. 5281 as of January 1, 2006, it is applied to incomes earned on or after January 1, 2006. However, in accordance with the provision of Article 67, ninth paragraph of the aforementioned Law, the provisions in effect as of December 31, 2005, will be based on the taxation of income earned from all kinds of bonds and Treasury bills issued before January 1, 2006, therefore, the discount rate application continues for the income from the mentioned securities.
İndirim oranı; 213 sayılı Kanuna göre o yıl için tespit edilmiş olan yeniden değerleme oranının, aynı dönemde Devlet tahvili ve Hazine bonosu ihalelerinde oluşan bileşik ortalama faiz oranına bölünmesi suretiyle tespit edilmekte olup 213 sayılı Kanun hükümlerine göre 2025 yılı için tespit edilmiş olan yeniden değerleme oranı %25,49’dur. Bu dönemde Devlet tahvili ve Hazine bonosu ihalelerinde oluşan bileşik ortalama faiz oranı ise %39,27’dir. Buna göre, 2025 yılında elde edilen bir kısım menkul sermaye iradının beyanında uygulanacak indirim oranı (%25,49 / %39,27=) % 64,91 olmaktadır.
In this context, capital gains derived in the calendar year 2025 from all kinds of bonds and Treasury bills issued before 1/1/2006 and listed in Article 75, paragraph two, item (5) of Law No. 193, as well as securities issued by the Housing Development Administration and the Privatization Administration, will be declared by applying a discount rate.
No discount rate is applied to the declaration of capital gains from securities indexed to foreign currency, gold, or other assets, as well as securities issued in foreign currency, and to the earnings and income of commercial enterprises.
Pursuant to the fourth paragraph of Article 67 of Law No. 193, the capital income provided for in subparagraphs (7), (12), and (14) of the second paragraph of Article 75 of the aforementioned Law are subject to final withholding tax as of January 1, 2006, and the declaration of these incomes and the application of a reduced rate to these incomes are not applicable.
The communiqué also includes other regulations (thresholds for the simplified regime, special profit thresholds), which you can access through the following link.
https://www.resmigazete.gov.tr/eskiler/2025/12/20251231M5-30.pdf
Sincerely
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