Of which 45,5 percent of total tax revenues collected in Turkey in Istanbul, tax revenues increased by 5 percent compared to the previous year. The share of private consumption tax in general budget revenues was 21 percent, and its share in tax revenues was 23 percent. The highest decrease in tax revenue was in motor vehicles with 41 percent. Institutions in Istanbul in Turkey, where 37,9 percent of the tax payers, last year, the corporation has increased the number of taxpayers. The Digital Service Tax revenue, which started to be received as of April, was 67 million TL, while the entire collection was from Istanbul.
Istanbul Metropolitan Municipality Istanbul Statistics Office published the Financial Statistics Istanbul Economic Bulletin in May 2020, where financial statistics regarding Istanbul were evaluated. The transactions realized in April were reflected in the figures as follows:
45,5 percent of total tax revenues are from Istanbul
As of the end of April, a total of 4 billion TL tax was collected in Istanbul in the first 102 months. In the same period, total tax collection in the Central Government Budget was 225 billion TL, while Istanbul made up 45,5 percent of the collection.
Tax revenue collected in April increased by 5 percent compared to the previous year
Compared to the same period of 2019, tax revenues collected from Istanbul increased by 18,9 percent in January and 29,2 percent in February. While there was a 13,4 percent decrease in March, an increase of 5 percent was recorded in April compared to the previous year.
The highest decrease in private consumption tax revenues in motor vehicles
In April, the share of private consumption tax in general budget revenues decreased in April compared to the previous month and reached 21 percent and 23 percent in tax revenues. In Turkey, 20 percent share of revenue in the general budget of the special consumption tax in April, the share of tax revenues stood at 26 percent.
The highest decrease in private consumption tax revenues in Istanbul compared to the previous month was in motor vehicles with 41 percent. Oil and natural gas tax revenues decreased by 7 percent and durable goods and other goods by 8 percent. There was an increase of 12 percent in tobacco products, 11 percent in alcoholic beverages and 10 percent in cola soda tax revenues.
Digital Service Tax revenue was 67 million TL
The digital service tax income, which came into force in March, started to be collected as of April from the advertising services offered in digital environment and services offered and sold in the digital environment, was 67 million TL. The entire collection was made from Istanbul.
Real Estate Capital Demand (GMSİ) payer increased
The number of active taxpayers (GMSİ) active taxpayers in Istanbul in the last year was 0,9 percent; increased by 2,1 percent in the past month. As of April, the number of active taxpayers in GMSI was 747 thousand 909, and the number of taxpayers taxed in simple manner was 46 thousand 459. The corporate taxpayer was recorded as 328 thousand 405 and the number of VAT taxpayers 825 thousand 670.
37,9 percent of Corporate Taxpayers are in Istanbul
According to April data, 29,5 percent of VAT taxpayers in Turkey, 37,9 percent of corporate taxpayers and 35,6 percent of Real Estate Capital Demand (GMSI) taxpayers are located in Istanbul.
May 2020 Financial Statistics were prepared based on the data of the Istanbul Economic Bulletin, Ministry of Treasury and Finance, General Directorate of Accounts and Revenue Administration.
Be the first to comment