A – Muhasebe News https://www.muhasebenews.com Muhasebe News Sat, 20 Jan 2024 20:30:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Do I need to be a manufacturer to make free zone sales within Türkiye? https://www.muhasebenews.com/en/do-i-need-to-be-a-manufacturer-to-make-free-zone-sales-within-turkiye/ https://www.muhasebenews.com/en/do-i-need-to-be-a-manufacturer-to-make-free-zone-sales-within-turkiye/#respond Sat, 20 Jan 2024 20:30:52 +0000 https://www.muhasebenews.com/?p=148796 Do I have to be a manufacturer to be able to invoice the free zone in Türkiye? Can those who buy and sell also issue invoices? Do we need a capacity report to issue invoices?

There is no obligation to be a manufacturer. Any taxpayer can sell goods and services to the free zone from Türkiye.

In order to issue an export registered sales invoice, it is necessary to be a manufacturer and have a capacity report and industrial registry certificate.

 

 

Source:
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.

]]> https://www.muhasebenews.com/en/do-i-need-to-be-a-manufacturer-to-make-free-zone-sales-within-turkiye/feed/ 0 Is a power of attorney given by an old board member still valid? https://www.muhasebenews.com/en/is-a-power-of-attorney-given-by-an-old-board-member-still-valid/ https://www.muhasebenews.com/en/is-a-power-of-attorney-given-by-an-old-board-member-still-valid/#respond Wed, 10 Apr 2019 16:00:27 +0000 https://www.muhasebenews.com/?p=46100 A and B persons and also the people authorized to represent and bind were changed with a decision. However, they are still members of the board of directors.

There is a valid private power of attorney which is given by the old board members that are authorized to represent and bind.

Is it possible for me to represent the company with the power of attorney of old board members and the list of authorized signatures?

If I face any criminal action because of representing the company with this power of attorney, will the old board members be responsible? (The call center advisor said that the power of attorney has to be renewed in accordance with the Tax Procedure Law and the Law on Collection Procedure of Assets)

 

 

 

The company management does not have a ’private power of attorney.’’ The list of authorized signatures is the legal document. As long as the list of authorized signatures stays the same, all responsibilities continue.

 

 

 

 

 

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.

]]> https://www.muhasebenews.com/en/is-a-power-of-attorney-given-by-an-old-board-member-still-valid/feed/ 0 Is it possible to apply a discount on VAT of bad debts? https://www.muhasebenews.com/en/is-it-possible-to-apply-a-discount-on-vat-of-bad-debts/ https://www.muhasebenews.com/en/is-it-possible-to-apply-a-discount-on-vat-of-bad-debts/#respond Wed, 10 Apr 2019 15:30:36 +0000 https://www.muhasebenews.com/?p=46102 In accordance with Law numbered 7104 and the amendment on Article 29 of Law numbered 3065, the VAT of bad debts may be subject to a discount. The company lawyer started an execution proceeding on 31.12.2018 for the receivables to not get affected by the increase in transaction stamp costs. Normally, the execution proceeding was set to start in January.

 

We’ve just received the documents. According to the related article of the Law, the VAT may be subject to a discount in the taxation period that it is written as a loss and this discount may be written as income. Is it possible to make provisions in January and apply a discount on the VAT?

 

Provisions shall be made until 31.12.2018. It is possible to apply a discount on the VAT until 31.12.2019 (Paragraph 3 of Article 29 of VAT Law.)

 

 

 

 

 

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.

]]> https://www.muhasebenews.com/en/is-it-possible-to-apply-a-discount-on-vat-of-bad-debts/feed/ 0 Is VAT applied on the invoice prepared while delivering goods to a foreign company? https://www.muhasebenews.com/en/is-vat-applied-on-the-invoice-prepared-while-delivering-goods-to-a-foreign-company/ https://www.muhasebenews.com/en/is-vat-applied-on-the-invoice-prepared-while-delivering-goods-to-a-foreign-company/#respond Mon, 08 Apr 2019 14:00:03 +0000 https://www.muhasebenews.com/?p=53997  A retail company will deliver the goods in Turkey  and issue the invoice for the foreign company.  Are there any special cases for the preparation of the invoice according to VAT Law or Tax Procedure Law? Or is it possible to deliver the goods by preparing a regular invoice?

VAT is applied on the invoice as it is prepared in Turkey.

 

 

 

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.

]]> https://www.muhasebenews.com/en/is-vat-applied-on-the-invoice-prepared-while-delivering-goods-to-a-foreign-company/feed/ 0 Is a board member of a foreign Inc. required to obtain a work permit? https://www.muhasebenews.com/en/is-a-board-member-of-a-foreign-inc-required-to-obtain-a-work-permit/ https://www.muhasebenews.com/en/is-a-board-member-of-a-foreign-inc-required-to-obtain-a-work-permit/#respond Mon, 08 Apr 2019 08:26:49 +0000 https://www.muhasebenews.com/?p=39719 SUBJECT

About foreign board members obtaining a work permit.

QUESTION         

Inc. with 3 partners
2 partners are foreign
1 partner is Turkish

All shares are transferred to one of the partners.
The number of board members is dropped to a single person.

This foreign person have also become the chairman of the board.
Is this person required to obtain a work permit?

(13.11.2018 11:56)

ANSWER

It is evaluated that board members in incorporated companies are not required to obtain work permit and that in the case of working de facto and residing in our country continuously, it is beneficial for these members to get certificate of residence and work permit certificate.

 

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.

 

]]> https://www.muhasebenews.com/en/is-a-board-member-of-a-foreign-inc-required-to-obtain-a-work-permit/feed/ 0 Am I supposed to submit annual income statement for my income from a single employer in Turkey? https://www.muhasebenews.com/en/am-i-supposed-to-submit-annual-income-statement-for-my-income-from-a-single-employer-in-turkey/ https://www.muhasebenews.com/en/am-i-supposed-to-submit-annual-income-statement-for-my-income-from-a-single-employer-in-turkey/#respond Sat, 30 Mar 2019 08:00:01 +0000 https://www.muhasebenews.com/?p=53042 A taxpayer who has business income on real taxation system in 2018 also works in a company as a 4A employee. Is this person also supposed to include their income from wages on the income statement they will submit for their business earnings?

If the income is earned from a single employer, it is not written on the annual income statement notwithstanding the amount.

 

 

 

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.

]]> https://www.muhasebenews.com/en/am-i-supposed-to-submit-annual-income-statement-for-my-income-from-a-single-employer-in-turkey/feed/ 0 Can we increase the attendance fee with the decision of board of directors of a joint stock company? https://www.muhasebenews.com/en/can-we-increase-the-attendance-fee-with-the-decision-of-board-of-directors-of-a-joint-stock-company/ https://www.muhasebenews.com/en/can-we-increase-the-attendance-fee-with-the-decision-of-board-of-directors-of-a-joint-stock-company/#respond Thu, 28 Mar 2019 15:22:18 +0000 https://www.muhasebenews.com/?p=52923 We are paying attendance fee to our board members with the decision of the general assembly. We want to increase the amount. Can we increase the attendance fee with the decision of he board of directors?

The general assembly is entitled to pay and decide on the attendance fee of the board members of a joint stock company. Therefore, it is only under the authorization of the general assembly to pay, designate and increase the attendance fee. The Board of Directors of the joint stock company is not authorized to pay, increase on decrease the attendance fee.

 

 

 

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.

]]> https://www.muhasebenews.com/en/can-we-increase-the-attendance-fee-with-the-decision-of-board-of-directors-of-a-joint-stock-company/feed/ 0 Is it possible to apply deduction on the VAT of a property that we bought and will use as a workplace? https://www.muhasebenews.com/en/is-it-possible-to-apply-deduction-on-the-vat-of-a-property-that-we-bought-and-will-use-as-a-workplace/ https://www.muhasebenews.com/en/is-it-possible-to-apply-deduction-on-the-vat-of-a-property-that-we-bought-and-will-use-as-a-workplace/#respond Mon, 25 Feb 2019 12:12:13 +0000 https://www.muhasebenews.com/?p=47910 Is it possible to apply deduction on the VAT (TRY 150.000) of a property that we bought from a construction company to use as a workplace?

 

It is possible to apply discount on the VAT on the invoice of the property which is bought and delivered from a construction company with a deed on condition that the VAT is entered on the books.

 

 

 

 

 

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.

]]> https://www.muhasebenews.com/en/is-it-possible-to-apply-deduction-on-the-vat-of-a-property-that-we-bought-and-will-use-as-a-workplace/feed/ 0 Apple faces the first decline in revenues and profits in a decade https://www.muhasebenews.com/en/apple-faces-the-first-decline-in-revenues-and-profits-in-a-decade/ https://www.muhasebenews.com/en/apple-faces-the-first-decline-in-revenues-and-profits-in-a-decade/#respond Wed, 30 Jan 2019 14:10:29 +0000 https://www.muhasebenews.com/?p=45386 Apple’s latest scandal regarding a FaceTime bug that enables people to listen to you even if you don’t pick up the call had serious consequences for the company.

Apple announced on Tuesday that the company experienced its first decline in revenues and profits in a decade.

The decrease in iPhone sales and problems in China led to 4,5% decrease in revenue in the week of 29 December, compared to the same period last year.

Profits declined to $19,97 billion.

Revenues from China have decreased to $13,17 billion, $5 billion less than the previous year.

The company stated on January 3rd that it was expecting a decrease in sales due to the economic recession in China.

The warning came as the first ever since the release of iPhone, causing the company to lose $55 billion in value.

Company’s share value increased by 6% in the first 6 hours of trading.

It turned out that analysts’ were right on their forecasts.

On the other hand, Apple’s revenues were higher than expected.

 

 

 

 

 

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.

]]> https://www.muhasebenews.com/en/apple-faces-the-first-decline-in-revenues-and-profits-in-a-decade/feed/ 0 Airbus and Ford are worried about a no-deal Brexit https://www.muhasebenews.com/en/airbus-and-ford-are-worried-about-a-no-deal-brexit/ https://www.muhasebenews.com/en/airbus-and-ford-are-worried-about-a-no-deal-brexit/#respond Fri, 25 Jan 2019 12:00:51 +0000 https://www.muhasebenews.com/?p=45040  

Airbus and Ford are concerned about a no-deal Brexit

Airbus CEO Tom Enders published a video on Thursday, stating a no-deal Brexit would affect their future investments.

Ford also expressed its concerns, saying a no-deal Brexit would cause $800m for the company in 2019.

A spokesperson from Ford stated that the main reasons for these concerns are the possible costs of new tariffs and depreciation of pound.

Each company has approximately 14.000 employees in the UK.

Other companies in the UK are also concerned about the uncertainty.

Sony stated on Wednesday that it would carry its legal base in Europe from London to Amsterdam.

 

 

 

 

 


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.

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