distribution – Muhasebe News https://www.muhasebenews.com Muhasebe News Fri, 26 Apr 2019 14:38:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 The Rates and Distribution of Insurance Premium in Turkey https://www.muhasebenews.com/en/the-rates-and-distribution-of-insurance-premium-in-turkey/ https://www.muhasebenews.com/en/the-rates-and-distribution-of-insurance-premium-in-turkey/#respond Fri, 26 Apr 2019 14:38:24 +0000 https://www.muhasebenews.com/?p=55984 The Rates and Distribution of Insurance Premium in Turkey

Employees and employers are required to pay insurance premium to Turkish Employment Agency for:

  1. Short term insurance branches
  2. Long term insurance branches
  3. Unemloyment insurance

Employees and employers are required to pay insurance premium to Social Security Institution for general health insurance.

Insurance branches and insurance premiums which the employees and employers are required to pay are as follows:

 

Insurance Branches

% Employee Share

% Employer Share

% Total

Short Term Insurance Branches

–

1 to 6,5

1 to 6,5
Long Term Insurance Branches

9

11

20
General Health Insurance

5

7,5

12,5
Unemployment Insurance

1

2

3

 

 

Source: YOİK
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/the-rates-and-distribution-of-insurance-premium-in-turkey/feed/ 0 Is there a situation against partial profit distribution? https://www.muhasebenews.com/en/is-there-a-situation-against-partial-profit-distribution/ https://www.muhasebenews.com/en/is-there-a-situation-against-partial-profit-distribution/#respond Fri, 21 Dec 2018 15:30:17 +0000 https://www.muhasebenews.com/?p=42198 … Our profit in 2017 is TRY 609.000. We want to distribute the TRY 400.000 of this profit by the end of the year. Is it possible to distribute the profit partially?
(18.12.2018)

 

According to the decision of the general board, it is possible to continue with the transaction.

 

 

 

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-there-a-situation-against-partial-profit-distribution/feed/ 0 According to Corporate Tax Law, will there be deductions for the payments related to the computers bought from companies residing abroad? https://www.muhasebenews.com/en/according-to-corporate-tax-law-will-there-be-deductions-for-the-payments-related-to-the-computers-bought-from-companies-residing-abroad/ https://www.muhasebenews.com/en/according-to-corporate-tax-law-will-there-be-deductions-for-the-payments-related-to-the-computers-bought-from-companies-residing-abroad/#respond Thu, 16 Aug 2018 17:00:32 +0000 https://www.muhasebenews.com/?p=14280 The conditions about the deductions for the payments related to the computers bought from companies residing abroad in line with article 30 of the Corporate Tax Law Numbered 5520;

1- If the computer programs bought from companies residing abroad are sold to the eventual customers or used in an institution without doing modifications on them and/or multiplying, the income will be regarded as a commercial income and the tax cut will not be applied to that kind of payments.

2- If the rights of reproduction, modification, distribution, display of a computer program are reserved within the scope of Copyright, the purchaser will obtain an intangible right. Furthermore, there will be a tax deduction in the ratio of 20% from the royalty payments made to the company residing abroad, in line with the Cabinet Decision numbered 2009/14593.

3- If the company residing abroad prepares a special computer program for an institution, the profit made by the company residing abroad will be regarded as self-employed income and there will be tax deduction in the ratio of 20% in line with the Cabinet Decision numbered 2009/14593.

4- If there is avoidance of double taxation treaty between the country in where the company reside and our country and there is determined a lower ratio as a tax (that ratio is specified as 10% in the treaties), that ratio will be taken into consideration.  

Source: Corporate Tax 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.

]]> https://www.muhasebenews.com/en/according-to-corporate-tax-law-will-there-be-deductions-for-the-payments-related-to-the-computers-bought-from-companies-residing-abroad/feed/ 0