29 April 2010 / TODAY’S ZAMAN, ANKARA
Sixty-five percent of all taxes withheld by the government in the first quarter of 2010 were paid by private sector workers and civil servants, a recent set of figures released by the Revenues Administration (GIB) has shown.
The total amount of revenue from income taxes was TL 6.47 billion in the January-March period of this year; TL 4.2 billion of this amount was directly deducted from the wages and salaries of workers and civil servants. In the same period, withholding taxes on interest income from bank accounts amounted to TL 608.39 million, whereas withholding taxes on commercial rental income totaled TL 601.13 million. The state earned TL 289.34 million from withholding taxes paid by self-employed persons in the first quarter. Taxes from dividends added up to TL 245.49 million. However, revenue from withholding taxes was only TL 4 million from the securities investment fund and securities investment partnership earnings.
This was TL 46.55 million for the revenue from repurchase agreements. The state earned TL 49.37 million in individual pension payments.
