Incorporated – Muhasebe News https://www.muhasebenews.com Muhasebe News Sat, 23 Mar 2019 09:11:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 When is the starting date of mandatory state social security for partners of incorporated companies in Turkey? https://www.muhasebenews.com/en/when-is-the-starting-date-of-mandatory-state-social-security-for-partners-of-incorporated-companies-in-turkey/ https://www.muhasebenews.com/en/when-is-the-starting-date-of-mandatory-state-social-security-for-partners-of-incorporated-companies-in-turkey/#respond Sat, 23 Mar 2019 09:30:06 +0000 https://www.muhasebenews.com/?p=52362 A Shareholder of an incorporated company in Turkey is also the Chairman of the Board but he does not get paid.
Is he required to register for mandatory state social security?

The mandatory state social security of the partners who are also the board members of incorporated companies also starts on the start date of their board membership. It is required for company officials to notify the social security institutions within 15 days following the starting date.

 

 

 

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/when-is-the-starting-date-of-mandatory-state-social-security-for-partners-of-incorporated-companies-in-turkey/feed/ 0 What are the obligations of board members of an incorporated company for tax debt? https://www.muhasebenews.com/en/what-are-the-obligations-of-board-members-of-an-incorporated-company-for-tax-debt/ https://www.muhasebenews.com/en/what-are-the-obligations-of-board-members-of-an-incorporated-company-for-tax-debt/#respond Wed, 19 Dec 2018 12:30:38 +0000 https://www.muhasebenews.com/?p=42000 …There is an INCORPORATED company that has a capital of TRY 900.000 and is taken over in July, 2015. TRY 899.999 of this capital belongs to a partner and TRY 1 belongs to the other. The company hasn’t operated since 2015. The principal partner has power of attorney. The shareholder is the vice chairman but he doesn’t have power of attorney. They have debts to the Tax Authority and SSI from previous period. Board of directors had to be renewed 3 years ago. What are the rates of governments debts for these partners? If the shareholder is a partner on paper and wants to transder his shares to the principal partners, what steps he should follow? What will be the situation of debt payment if the partnership ends?
(18.12.2018)

The partners are responsible for the capital they committed to the company. So the authorized member is responsible for representation. We can pay regard to the principal of joint liability within this regard. The responsibilities of the shareholder are limited, so it is possible for the him to leave the company by transferring his shares. My advice is to make the sale in a notary, take the decision of becoming a single-shareholder joint stock company  and register it. Termination of the partnership does not end the board membership. So the board should make a decision and establish a new board to exculpate his responsibilities.

 

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/what-are-the-obligations-of-board-members-of-an-incorporated-company-for-tax-debt/feed/ 0 Is there a tax exempt for the selling of shares of Incorporated Companies? https://www.muhasebenews.com/en/is-there-a-tax-exempt-for-the-selling-of-shares-of-incorporated-companies/ https://www.muhasebenews.com/en/is-there-a-tax-exempt-for-the-selling-of-shares-of-incorporated-companies/#respond Wed, 21 Nov 2018 09:30:36 +0000 https://www.muhasebenews.com/?p=39728 SUBJECT

 About Incorporated Company transfer of Shares.

QUESTION

We have 10 companies in total that are tied to our incorporated company shareholdings.

There haven’t been any certificates for these companies.

In accordance with Income Tax Law, providing that there is a certificate, it is subject to income tax if it is sold within 2 years

There aren’t any certificates for our companies.

If we sell our companies in the current situation, for example in the case of us selling our company of 50.000 TL capital to 100.000 TL, do we have to state a profit of 50.000 TL in our corporate tax return?

Or is there any exceptions?

(15.11.2018 09:02)

ANSWER

The company can not be sold. The partners of the company sell their ‘shares’. The profit of partners from the selling of the shares are declared as earnings and revenue to the Other. It is not possible to declare profit with corporate tax return.

Source: Ismmo
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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