There are accident and sickness insurance premiums paid to an insurance company abroad for a partner of the company. Is it possible to deduct these payments from company profit?
…The accident and insurance premiums paid on behalf of the partner of your company are not subject to deductible expenses referred in the related laws. So it is required to accept these premiums as profit shares and apply 15% withholding to profits shared. So it is not possible to write these premiums as expense when detecting the income of your company.
Source: İSMMMO
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