Memorandums – Muhasebe News

Communiqué on Default Interest Ratio Determination of Late Payments Made to Creditors for Provision of Goods and Services

MuhasebeNews — Wed, 02 Jan 2019 13:04:50 +0000

In accordance with paragraph seven of article 1530 of Turkish Commercial Code numbered 6102 and dated 13.01.2011, the interest ratio is determined as 21,25 percent yearly and minimum compensation amount for collection cost as TRY 245,00 by Central Bank of the Republic of Turkey when default interest ratio for late payments to creditor during commercial transactions for goods and services is not foreseen in the contract and the related provisions are invalid.

The determined ratio and amount enters into force on the date of issue and takes effect as of 01.01.2019.

Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Huawei responds to cyber security claims

MuhasebeNews — Sun, 23 Dec 2018 08:30:55 +0000

Huawei’s CEO Ken Hu spoke at their new campus in Dongguan.

He responded to the cyber security claims and said “When it comes to security allegations, it’s best to let the facts speak for themselves. And the fact is: Huawei’s record on security is clean. We believe that cyber security is a global issue. It’s an industry wide issue and we need to address it together.”

The claims arise from the allegations that Huawei is used as a tool of the Chinese government.

In response to that, Hu stated the company ‘’has never taken any requests from any governments to damage the business or networks of our customers or other countries.’’

Kaynak: İSMMMO
Yasal Uyarı: Bu yazıdaki bilgiler sadece genel bilgilendirme amacıyla verilmiştir. Kişi veya kuruma özel profesyonel bir bilgilendirme amacı güdülmemiştir. Konu ile benzerlik gösterse de her işletmenin kendi özel şartları nedeniyle farklı durumları olabilir. Bu nedenle, bu yazıda belirtilen bilgilerden yola çıkarak işletmenizi etkileyecek herhangi bir karar alıp uygulamaya geçmeden önce, uzmanına danışmanız menfaatiniz gereğidir. Muhasebenews veya ilişkili olduğu kişi veya kurumlardan hiç biri, bu belgede yer alan bilgilerin özel veya resmi, gerçek veya tüzel kişi, kurum ve organizasyonlar tarafından kullanılması sonucunda ortaya çıkabilecek zarar veya ziyandan sorumlu değildir.

How to do the Closing of SSI Premium Debts Made an Installment Plan within the Scope of the Law Numbered 6736?

MuhasebeNews — Tue, 10 Oct 2017 09:00:46 +0000

HOW TO DO THE CLOSING OF SSI PREMIUM DEBTS MADE AN INSTALLMENT PLAN WITHIN THE SCOPE OF TAX AMNESTY LAW NUMBERED 6736?
On condition that one would like to pay all SSI premium debts which are made an installment plan within the scope of Tax Amnesty Law numbered 6736 in shorter term than the preferred installment plan;
1- First of all, installment difference should be calculated again according to coefficient belonging to the number of installments.
2- After that, remaining amount of installment should be collected through installment difference calculated according to related coefficient.

As a result of that, employers, who would like to pay SSI premium debt payment being within the scope of the law numbered 6739 at once, should choose inquiry type titled “83 – 6736 Installment Plan Closing Receipt” in the collection page of the bank.

Source: SSI

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

2nd Installment Payment of Motor Vehicles Tax Has Begun!

MuhasebeNews — Wed, 05 Jul 2017 07:33:42 +0000

2nd installment payment of Motor Vehicles Tax belonging to 2017 began on 1 July 2017.

Tax payers can make 2nd installment payment of Motor Vehicles Tax belonging to 2017;
1- by using Revenue Administration Mobile Application (IOS and Android).
2- Via credit card and bank card by logging in between 02:00 – 22:00 “Debt Inquiry and Payments” field taking place in official webpage of Revenue Administration (www.gib.gov.tr).
3- By using internet banking of contractual banks or applying to bank branches.
4- By applying to tax offices authorized to collect Motor Vehicles Tax or to tax offices in where tax payers are registered in terms of Motor Vehicles Tax.

***In order to avoid any kinds of unjust treatment originated from payments made via internet, one should be careful that he/she logs in the system by writing www.gib.gov.tr in the browser or via the official webpage of the banks.

Source: Revenue Administration

Attention!!! The Last Day to Take Advantage of the Amnesty Law is 30 June 2017, Friday!

MuhasebeNews — Thu, 29 Jun 2017 15:14:08 +0000

In order to take advantage of Amnesty Law numbered 7020 which enables people to make an installment plan in order to pay their public debts with installments; taxpayers should apply until 30 June 2017, Friday.

***It is not possible to extend the application period, because there is no authorization related to extending the application period of Law numbered 7020.

It is crucial for debtors to apply to it until 30 June 2017 in order to take advantage of the opportunities provided by the law numbered 7020.

In order to take advantage of the Amnesty Law;
1- The application should be done by going to tax office (in person or with proxy).
2- By post (If the application is done with certified mail or APS, posting date and if it is done with surface mail, the date when the post arrives to tax office will be taken into consideration.)
3- It can be done via internet (www.gib.gov.tr).

****Furthermore, debt inquiry can be done through www.gib.gov.tr .

Source: Revenue Administration

Do Not Forget!!! The Last Day for Affirmation of Closing the General Journals: 30 June, Friday!

MuhasebeNews — Thu, 29 Jun 2017 14:11:13 +0000

It is required to submit general journals kept corporeally in 2016 to notary until 30 June 2017, Friday (until the end of day) with an expression by writing “Certified” at the end of the last record and confirmed with cachet and signature.

***If commercial books are kept electronically, notarization will not be necessary for opening the books and closing the general journals and book of board decision.

***If there is a compelling reason declared by the Ministry of Economy, affirmation of closing the general journals should be done until the end of the month which is the following month of the end of compelling reason.

***Taxpayers, who are not within the scope of compelling reason in accordance with the law numbered 7020, should make the affirmation of closing the general journals until the end of 30 June 2017, Friday.

NOTE: According to clause 562/1-C of Turkish Code of Commerce, taxpayers, who do not make the necessary confirmations in line with 3rd clause of article 64, will be fined with 5.408 TL administrative fine in 2017.

Occupational Health and Safety Law has been put off until 2020 in Turkey!

MuhasebeNews — Thu, 08 Jun 2017 10:03:18 +0000

Previously, occupational health and safety law had been put off until 1 July 2016 and then the law, which was projected to be enacted 1 July 2017, has been postponed again.

Enforcement of the most critical articles has been put off until 7 July 2020.

According to occupational law enacted in 2012;
– Employers who employ less than 10 employees in less dangerous occupations (accountant, estate agent, solicitor, grocery, greengrocer etc.),
had been supposed to specialize in occupational health and safety until 7 July 2017 by having training in universities.
Thus, enterprises will make their offices into a safe place for employees.

– Furthermore, employers who employ more than 10 less than 50 in less dangerous occupations had been supposed to come to an agreement with an occupational safety specialist and an occupational physician in order to provide safety and health conditions in their workplaces.
This law was supposed to be enacted in July 2017; however, it was put off 3 years which means it was put off 7 July 2020.

On the other hand, according to appendant article, employers who employ less than 50 employees should provide occupational health and safety on their own by having training and they will not be able to provide outsourced services.

If they wish, employers may impose that duty to their current employees so they can lower the cost.

If General Assembly of TGNA accepts Occupational Health and Safety Law with new regulations,
-Artisans and careerists who employ 10 and less than 10 employees,
-Small scale employers who employ less than 50 employees do not need to have any training until 2020 about occupational security which is a vital subject for their employees.

Source: İzmir Tax Office Directorate
Advance Ruling Dated 9 June 2015 and numbered 84098128-125[14-2014/12]-274

The Period of VAT and SCT Discount Related to the Delivery of Furniture and Small House Appliances Has Been Extended to 30.09.2017!!!

MuhasebeNews — Sat, 06 May 2017 08:09:06 +0000

The regulation concerning to
– 8% VAT ratio which is a provisional regulation and valid until 30.04.2017 related to the delivery of furniture which are subject to 18% VAT;
– 0% VAT ratio which is also a provisional regulation and valid until 03.04.2017 related to the delivery of White goods and small house appliances which are subject to 6,7%;
Has been extended to 30.09.2017 with Execute Order numbered 2017/10106 and established in the Official Gazette dated 29.04.2017 and numbered 30052.

Source: Cabinet Decision (29.04.2017 – 2017/10106)

Tax and SSI Amnesty are in the Road! Initial Payment will be done on July-2017 According to Turkish Laws!

MuhasebeNews — Sat, 06 May 2017 07:15:52 +0000

1- INSTALLMENT PLAN FOR TAX AND SSI LIABILITIES BETWEEN 01.07.2016 – 31.03.2017 IS IN THE ROAD!
People who made an installment plan for liabilities that are until the end of June 2016 but could not pay or partially paid their accrued liabilities for between July 2016 and until the end of March 2017 will have right to make an new installment plan.

There will be no “TAX BASE INCREASE” in the new regulation.
There will be no “STOCK AMNESTY” in the new regulation.
There will be no “CASH AMNESTY” in the new regulation.
There will be no “PARTNERS AMNESTY” in the new regulation.

2- THE LIABILITIES THAT WERE IN THE INSTALLMENT PLAN LAST YEAR WILL GO ON IN THE SAME MANNER!
With the Bag Law numbered 6736, the installment plan of current liabilities of the tax payers who made an installment plan for their tax and SSI liabilities will go on in the same manner.

3- PEOPLE WHO COULDN’T MAKE AN INSTALLMENT PLAN LAST YEAR WILL BE ABLE TO APPLY FOR ALL OF THEIR PREVIOUS LIABILITIES!
People, who didn’t/couldn’t make an installment plan for their tax and SSI liabilities within the scope of the Bag Law numbered 6736, will be able to apply for all of their liabilities (31 March 2017 and before that date) with the new regulation.

4- TOTAL AMOUNT OF LIABILITY IS 73 BILLION TURKISH LIRAS
The amount of new installment is 72 Billion Turkish Liras. How much of those liabilities are within the scope of installment will be determined at the end of the application.

5-THE CAPITAL WILL REMAIN, THERE WILL BE INSTALLMENT FOR THE LATE FEE!
The capital will remain the same like the previous installment plan; however, there will be installment for the late fee. On the other hand, the liabilities can be extended to 3 years after the calculation of the installment. If demanded, liabilities can make 6-9-12-18 installments or pay all of the amount in cash. The installment will be paid bimonthly.

6- WHEN WILL THE NEW INSTALLMENT PLAN BE ENACTED?
The Law about the installment plan is planned to be published in the Official Gazette in the middle of May and come into force at the same day.

7- WHEN IS THE APPLICATION PERIOD FOR THE NEW INSTALLMENT PLAN?
The application period for the new installment plan will begin as of the date of publishing date and it will last until 30 June 2017.

8- WHEN IS THE INITIAL PAYMENT OF THE NEW INSTALLMENT?
The initial payment of the new installment for liabilities can be made;
until 31 July 2017 for tax liabilities,
until 31 August 2017 for SSI liabilities.

Do Not Forget! – This is the Last Day!

MuhasebeNews — Tue, 02 May 2017 09:00:27 +0000

02 May 2017 Tuesday – DO NOT FORGET! – THIS IS THE LAST DAY!

1- IT IS THE LAST DAY TO SUBMIT DECLARATIONS! – 02 MAY 2017
1.1- Corporate Tax Return for 2016
1.2- BABS Reports for April 2017
1.3- “Declaration Related to Associating Taxpayer Identification Number with SSI Employer Registration Number” (Appendix-8)

2- TODAY IS THE DUE DATE! – 02 MAY 2017
2.1- 2017-March SSI (4/a) Premium Payment
2.2- 2017-March SSSC (the Social Security Support Contribution) Payment (Labored Retirees)
2.3- 2017-April Premium Payment for Social Security Organization for Artisans and the Self-Employed (4/b)
2.4- Corporate Tax Payment for 2016