NEWSLETTER-2020-metin

314 NEWSLETTER 2020 Conclusion Through the amendments made by Law No. 7194, the tax bur- den of sportspersons working in the top league clubs has increased. Through the declaration of sportspersons’ wages exceeding a certain amount in an annual income tax return, the total income included in the declaration was taxed at high rates in the tax tariff. In this context, the amendments made through Law No. 7194 and the secondary regu- lations are of great importance, especially for the players in the upper leagues and the clubs where these players work, the withholding rate to be made, the declaration to be submitted for the year 2020, and the offsetting process should be carefully considered.