Will restaurant operators be determined in terms of bookkeeping according to Tax Procedure Law/ Article 177/1 or Article 177/2?
– In determining the class you will be subject to in terms of bookkeeping in your restaurant business, Article 177, paragraph one, subparagraph (1) of Tax Procedure Law is taken into consideration
– Since it is necessary to take into account the clause (2) of the said article in determining the relevant merchant class due to your construction contracting work that you have done for the public sector through a tender based on a service commitment without any purchase or sale of goods, the limits in clause (3) of the said article should be taken into account due to the said works.
On the other hand; in order to determine your merchant class for 2019, the annual purchase, sale and gross business revenue related to the construction contracting activity and restaurant activities in 2018 should be compared with the limits to be published for 2019.
In addition, it is natural that the conditions stipulated in Articles 179 and 180 of the said Law must be met for the return to the operating account principle following the transition to the balance sheet principle or for the transition from the operating account principle to the balance sheet principle.
Source: Revenue Administration
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