I have a question regarding the taxation of donations from tax-exempt foundations or associations (in terms of income tax or inheritance and transition tax.) What should I pay attention to about taxation?
For donations and aids to the institutions you mentioned, look up the Paragraphs 4,5,6,7,8,9,10,11 of Article 89 of Income Tax Law and Article 10 of Corporate Tax Law. Within the framework of conditions and rates in the Articles, the donations and aids can be reduced from annual return if there is revenue.
Source: İSMMMO
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