Source: TurkStat
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.

Is it possible to use the stamp tax book which is certified every year and to make interim approval-continuation certification in January? Is there an obligation to issue new books every year?

You can use the stamp tax book next year. You must get an interim approval by the end of January.

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.

In the event of keeping Minute Book of Board of Directors, the judgements concerning to the minute book of Board of Directors including approval of opening and closing should be applied. In case of writing the decisions in general meeting and negotiation book, it is compulsory to write the issues stated in the second clause of article 10 of Account Books Communique. In process of keeping a separate minute book of Board of Directors, the decision of the Director or the Board of Directors will not be written in general meeting and negotiation book.

Source: Turkish Trade Law
Date: 1 March 2017

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.

1-What is the purpose of book keeping according to Turkish Trade Law?
Each tradesman has to;
1.1- keep business books,
1.2- and suggest the carried out transactions, financial situation, debits and credits and the results for each accounting period of its business obviously.
Books are kept as unequivocal for the experts auditing the institution. Business transaction needs to be followed from the business books.

2- What are the obligations of tradesman keeping books?
Tradesman has to keep;
2.1- Photocopy,
2.2- carboniferous copy
2.3- microfiche,
2.4- of the transactional  documents
in electronic media as written or visual.

3- What are the commercial book in Turkish trade law?
Commercial books in Turkish Trade Law ;
3.1- Day Book
3.2- Ledger
3.3- Inventory Register,
3.4- Stock Ledger,
3.5- Board Decision Book,
3.6- General Assembly Meeting and Negotiation Book

4- WHEN AND HOW OPENING AND CLOSURE RECORD OF BOOKS ARE DONE ACCORDING TO TURKISH TRADE LAW?
4.1- Daybook kept in physical environment, Day Book, Ledger, Inventory Register,
Stock Ledger are notarized before the opening and establishment of the company. Opening confirmation of these books in the following period, are also made by the notary from the first to the last month of the period.
4.2- Stock Ledger and General Assembly Meeting and Negotiation Book, can be continued to be used without opening confirmation on the of having enough sheet.
4.3- Closure confirmation of daybook will be reported to the notary to the end of the sixth month of the following period and General Assembly Meeting and Negotiation Book, to the end of the first month of the operating cycle.
4.4- Trade registry of the commercial partnerships can be made by the register of commerce.
4.5- If opening confirmation is made by the notary, they have the right to ask for certificate of trade registry.
4.6- There will be no need for notary confirmation in the opening of the books and the closure of Stock Ledger and General Assembly Meeting and Negotiation Book if these books are protected in electronic environment.

*** How Daybook in physical or electronic environment is kept and how opening and closure is confirmed, are decided by ministry of customs and trade and the treasury.

*** Day Book, Ledger, Inventory Register, Stock Ledger and General Assembly Meeting and Negotiation Book are also commercial books as well.

Source:Turkish Trade Law
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.

1- When do the ones having trade and corporate earnings, have to book their transactions?
Taxpayers having trade and corporate earnings have to book their transactions within ten days.

2- When do self-employer tax payers have to book their earnings?
Self-employed tax payers have to book their earning on a daily basis.

Source:Tax Procedure Law
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.

For the corporate tax payers;

Stock Companies and Limited Partnerships whose capital is shared:

a) General Journal
b) Self Balancing Ledger
c) Inventory Register
d) Board Decision Book
e) Stock Ledger
f) General Meeting Book and Negotiation Book

On the condition that the missing books are registered, General Meeting Book and Negotiation Book and Stock Ledger which are used currently, can be used without opening confirmation. (Commercial Book Notification Temporary Article 3/1)

Limited Companies:

a) General Journal
b) General Ledger
c) Inventory Register
d) Stock Ledger
e) General Meeting Book and Negotiation Book

On the condition that the missing books are registered, General Meeting Book and Negotiation Book and Stock Ledger which are used currently, can be used without opening confirmation. (Commercial Book Notification Temporary Article 3/1.

On the condition that the missing books are registered, General Meeting Book and Negotiation Book and Stock Ledger which are used currently, can be used without opening confirmation. (Commercial Book Notification Temporary Article 3/1)

Tax payers who keep electronic accounts get the books that they have to keep, confirmed except for general journal and general ledger.

Source:Turkish Trade Law
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.