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Partnersip of Arçelik and LG!!!

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A report about partnership between Arçelik and LG Klima has been announced. Arçelik and LG Klima have declared that they are planning to produce commercial...

What is Value Added Tax in Turkey?

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In Turkey, the Value Added Tax (VAT) Law entered into force on January 1st, 1985. By the VAT Law, some indirect taxes on consumption...

Income from Capital Investment (Interest, Dividends, etc.) in Turkish Taxation System!

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Income from capital investment means any income such as interest, dividend, rent and as such derived from capital in cash or capital in kind....

What is the Scope of Income from Immovable Property in Turkish...

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Immovable property means real property which includes land buildings, and permanent leasehold rights. Ships, boats, aircraft and other types of transportation vehicles are also...

What is the Income from Independent Professional Services and Are They...

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The term "independent professional services" means any activity performed by a person who is self-employed, and based on professional and scientific expertise rather than...

Are Salaries and Wages Subject to Income Tax in Turkey?

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Income derived from dependent personal services is subject to the income tax. This income comprises such income from all kinds of employment in both...

Business Profit in the Taxation System in Turkey!

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Business profit is defined as profit arising from commercial or industrial activities. Although this definition is very comprehensive and includes all types of commercial...

Facebook’s New Plan to Block Violent Videos!

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Chief Executive of Facebook Mark Zuckerberg has claimed that Facebook will hire 3.000 workers in order to block violent videos. 3.000 workers will block live...

Export Data of Turkey, April 2017!

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The Turkish Exporters’ Assembly has revealed the export data of Turkey. According to the data of the Turkish Exporters’ Assembly, Turkey’s value of total exports...

Property Tax System In Turkey!

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The buildings and lands in Turkey are subject to property tax. The tax base for the property tax is the tax value of the...