Mr. C living in Berlin, leased out his flat as residency premises in İzmir and obtained 8.000 € as rental income in 2021. Also he leased out his office in Ankara and obtained 10.500 € as rental income in 2021. It is withheld 20.000 TRY from rental income of workplace in Ankara. She has no other income to declare in Turkey and preferred the lump-sum expenses method. On the date of collection and expenditure, buying rate for Euro announced by The Central Bank of Republic of Turkey is assumed as 9.75 TRY. He chooses lump-sum expense method for his rental income. Use the income tax schedule for 2021 from the slides. Required: Calculate Mr. C's personal income tax liability for 2021.

Mr. C living in Berlin, leased out his flat as residency premises in İzmir and obtained 8.000 € as rental income in 2021. Also he leased out his office in Ankara and obtained 10.500 € as rental income in 2021. It is withheld 20.000 TRY from rental income of workplace in Ankara. She has no other income to declare in Turkey and preferred the lump-sum expenses method. On the date of collection and expenditure, buying rate for Euro announced by The Central Bank of Republic of Turkey is assumed as 9.75 TRY. He chooses lump-sum expense method for his rental income. Use the income tax schedule for 2021 from the slides. Required: Calculate Mr. C's personal income tax liability for 2021.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter11: Individuals As Employees And Proprietors

Section: Chapter Questions

Problem 24P

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Question

taxation & acounting

I have only these informations.Could you help me to solve these question ?

Mr. C living in Berlin, leased out his flat as residency premises in
İzmir and obtained 8.000 € as rental income in 2021. Also he
leased out his office in Ankara and obtained 10.500 € as rental
income in 2021. It is withheld 20.000 TRY from rental income of
workplace in Ankara. She has no other income to declare in Turkey
and preferred the lump-sum expenses method.
On the date of collection and expenditure, buying rate for Euro
announced by The Central Bank of Republic of Turkey is assumed
as 9.75 TRY.
He chooses lump-sum expense method for his rental income.
Use the income tax schedule for 2021 from the slides.
Required: Calculate Mr. C's personal income tax liability for 2021.

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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