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.

On the date of collection and expenditure, buying rate for Euro announced by The Central Bank of Republic of Turkey is assumed as 6 TL.

Total Revenue from workplace (gross)  = 10.000 € x 6 TL = 60.000 TL

Since the total rental income is subject to withholding in Turkey, the annual tax return will not be declared regardless the amount.

Example: Taxpayer (D), living in Brussels, leased out his flat in Ankara and obtained 7.000 € as rental income in 2018. Also he leased out his office in Ankara and obtained 9.000 € as rental income in 2018. It is withheld 10.800 TL from rental income of workplace.

On the date of collection and expenditure, buying rate for Euro announced by The Central Bank of Republic of Turkey is assumed as 6 TL.

Total Revenue from workplace (gross) = 9.000 € x 6 TL = 54.000 TL

He has no other income to declare in Turkey and preferred the lump-sum expenses method.

Since the total rental income is subject to withholding in Turkey, the annual tax return will not be declared regardless the amount.

Income tax for rental income from her flat exceeding the exempted amount is calculated as follows:

Total Gross Revenue (7.000 € x 6 TL) 42.000 TL

Amount of exception 4.400 TL

Balance (42.000 – 4.400) 37.600 TL

Lump-sum Expenses (37.600 x 15%) 5.640 TL

Taxable Income (37.600 – 5.640) 31.960 TL

Amount of income tax calculated 5.652 TL

Amount of income tax payable 5.652 TL Stamp duty 72,70 TL

Example : Taxpayer (E), living in Italy, leased out her office in Malatya in 2018 to a taxpayer whose income subject to simple method and obtained 6.500 TL as rental income annually.
She preferred the lump-sum expenses method and income tax for rental income is calculated as follows:

Rental Income from Workplace 6.500 TL
Lump-sum Expenses (6.500 x 15%) 975 TL
Taxable Income (6.500 – 975) 5.525 TL
Amount of income tax calculated 828,75 TL
Amount of income tax payable 828,75 TL Stamp duty 72,70 TL

Source: gib
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.

It is not required to prepare an invoice for the loans between companies. About the payments; you should use 232 account for debts and 102 account for receivables. For the payments such as the interest, late interest, and exchange differences, the rules of transfer pricing and distribution of hidden profits must be followed.

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 donations and aids to the institutions you mentioned, look up the Paragraphs 4,5,6,7,8,9,10,11 of Article 89 of Income Tax Law and Article 10 of Corporate Tax Law. Within the framework of conditions and rates in the Articles, the donations and aids can be reduced from annual return if there is revenue.

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.

4a employees are considered when calculating the number of employees who will benefit from CIPS.

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.

We will take a group of 15 people abroad for this work, service export. Should we carry out our activities regarding this work in our company in Turkey or should we establish a new company there?

Are there any tax advantages? How can we excise our income?  Would there be any benefits if we took our employees through İŞKUR?

(24.12.2018 08:58)

Please get information from the Uzbekistan Consulate for the taxation system in Uzbekistan. Compare it with Turkish Taxation System. Earnings from abroad are declared in Turkey. If there are taxes paid in the related country, they are set off.

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.

1- The institutions that was established in order to develop and promote agriculture, husbandry, science and arts.
1.1- Schools
1.2- School workshops
1.3- Conservatories
1.4- Libraries
1.5- Theatres
1.6- Museums
1.7- Exhibitions
1.8- Sampling Sites,
1.9- Reproduction Stations,
1.10- Speedway
1.11- Book, journal and  Magazine Stores and Same Institutions.

2- The institutions managed by public institutions to protect the health care of public and animals such as;

2.1- Hospital,
2.2- Clinic,
2.3- Dispensary
2.4- Sanatorium,
2.5- Eventide Home,
2.6- Nursery
2.7-Veteniary General Hospital,
2.8- Animal Shelter
2.9- Bacteriology
2.10- Serology,
2.11– Distofajin and other similar institutions

3- The institutions managed by public institutions for social purposes,

3,1- Provident Funds
3,2– Social Welfare Centers
3,3-  Food Banks and Public Soup Kitchen
3.4- Agency for workshops in punishment
3,5- Poor House
3,6- Dormitory and similar institutions

4- Exhibitions, Fairs and Kermess approved by administrative authorities
5- The canteens in nurseries, guest houses, militaries not rented to the third person belonging to public administrations.
6- Government retirement fund and provident fund and social security institutions
7- Public institutions that get levies and charges in return for the services they carry out.
8- Directorate of privatization administration, privatization and savings deposit insurance fund related transfer, chance games institutions.
9-General directorate of mint and stamp print house, military factories and ateliers
10- Provincial special administrations, Municipalities, Villages and other relative institutions such as;
10,1-Water treatment plants distribute via channel, tube and pipe,
10,2- Public transportation operates within the municipalities,
10.3- Slaughterhouse, limited of slaughtering, transportation, butchery,
10,4- Bathhouse, mill, cold storage, agricultural enterprises established in villages to facilitate villagers lives

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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.

1- THE ONE WHO BUILD IN ABROAD, WILL NOT POY TAX!
Yes. You did read right. The ones who build and repair in abroad will not pay tax even for a Turkish Lira.

2- WHAT IS THE LEGAL FOUNDATION FOR IT?
First of all, we have to declare the general rule of paying tax for the institutions totally liable to tax.

“ In the corporate tax law,

“According to the Corporate Tax Law 5520, article number 3; “The ones whose work center is located in Turkey, are liable to paying tax “provision is included in the law.

HOWEVER; in the same law, there is an exclusionary part in which states the rule in the 5^th part that the incomes attained by the construction, restoration and montage in abroad and forwarded to the account in Turkey, are not liable to tax.

In the 5.9 part of Corporate Tax Law, entitled “exclusion of the income taxes in which attained by construction, restoration and montage and technical services” ;

“According to the Corporate Law, article number 5, incomes provided by construction, restoration and montage in abroad and forwarded to the accounts in Turkey, are not liable to tax.”

3- YOU DON’T HAVE TO BRING YOUR EARNINGS TO TURKEY!
In the scope of the practice of this exclusion;

Earnings attained by technical services

-Construction,
–Restoration and
–Montage
are not necessarily brought to Turkey.

Transferring of Mentioned incomes in Turkey is enough in order to benefit from the exclusion.

4- IN INCOME TABLE, (PROFIT AND LOSS TABLE) IT WILL BE SEEN AS PROFIT.

Earnings attained out of exclusion scope will be seen as profit in company’s profit and loss table with other transactions of the company and while tax declaration is being issued, it will be deducted out of the tax.

In that way, while your company’s credibility is evaluated by the finance and loan rating agencies, your foreign profit will affect your situation positively.

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Source: Taxation
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.