In accordance with sub clause (h) of the first clause of article 5 titled “Exceptions” of the law, there is a provision that the earnings received from construction, repair, fitter’s work, technical services done in a foreign country and then transferred to the general nominal accounts in Turkey are not subject to Corporation tax.
There is no need to bring the earnings, which are received from construction, repair, fitter’s work and technical services done abroad, into Turkey in order to apply this exception.
It will be sufficient to transfer abovementioned earnings into the general nominal accounts in Turkey in order to take advantage of this exception.
Source: Act of Fees
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