How are the dividends obtained from foreign subsidiaries taxed? (In Turkey)
Will the accounting record, corporation and provisional tax declarations and tax related to the income be paid in respect of the dividends obtained from the foreign subsidiaries deposited in bank accounts?
The dividends obtained are stated in Account No.640.
It is included in the profit for the period calculated for the provisional tax in the period in which it is recorded.
If there are conditions for affiliation privilege, an exemption is applied in the provisional tax return.
For detail information please review the special notice in the following link:
https://www.gib.gov.tr/node/89908
Source: İSMMMO
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