increase – Muhasebe News https://www.muhasebenews.com Muhasebe News Mon, 15 Feb 2021 11:00:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 In the last quarter of 2020 FDI inflows into Turkey reached USD 3 billion https://www.muhasebenews.com/en/in-the-last-quarter-of-2020-fdi-inflows-into-turkey-reached-usd-3-billion/ https://www.muhasebenews.com/en/in-the-last-quarter-of-2020-fdi-inflows-into-turkey-reached-usd-3-billion/#respond Mon, 15 Feb 2021 11:00:07 +0000 https://www.muhasebenews.com/?p=104609 FDI Inflows Into Turkey Surge in Q4 2020
​​As a sign of the continuing investor appetite in Turkey and the quick recovery in the wake of the pandemic, FDI inflows into Turkey totaled USD 7.7 billion in 2020, when the global appetite for FDI throughout the world shrank at a considerable amount stemming from the negative effects of the novel coronavirus. With this figure, total FDI inflows into Turkey in the 2003-2020 period reached USD 225 billion.
In the last quarter of 2020, FDI inflows into Turkey reached USD 3 billion, reaching a share of 40 percent in total FDI amount in the entire year. Turkey recorded an FDI inflow of USD 1.3 billion in December 2020, a considerable 31 percent increase when compared to the same month of the previous year.
With this performance, Turkey once again proved resilient against crisis and shocks while demonstrating that it is a safe haven with robust economic fundamentals.
Diversified FDI Sources
Turkey also diversified its FDI sources in 2020. While the traditional FDI investments continue to originate from European countries, which have a 53.8 percent share in total, Turkey is now seeing higher FDI inflows from USA, the Middle East and Asian countries having respective shares of 14.1 percent, 7.1 percent and 6.5 percent in total FDI in 2020. On a country basis, Italy, USA, the Netherlands, the UK and Luxembourg accounted for the top five FDI sources of Turkey in 2020.
Increasing Share in Global FDI
Turkey’s share in global FDI inflows reached 0.9 percent in 2020 up from 0.6 percent in the previous year, according to the data of United Nations Conference on Trade and Development (UNCTAD). UNCTAD also unveiled that global FDI inflows throughout the world receded by 42 percent in 2020.

Source: Republic of Turkey Investment Office
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/in-the-last-quarter-of-2020-fdi-inflows-into-turkey-reached-usd-3-billion/feed/ 0 Austria to increase digital taxes https://www.muhasebenews.com/en/austria-to-increase-digital-taxes/ https://www.muhasebenews.com/en/austria-to-increase-digital-taxes/#respond Thu, 04 Apr 2019 15:14:03 +0000 https://www.muhasebenews.com/?p=53614 Following the General Meeting on Wednesday, Austria has increased the digital tax that will be implemented on large tech companies by 5% from 3%.

The news came from Austria’s Finance Minister Hartwig Loeger.

Loeger also stated that the new regulation would take place as of 2020 for tech companies making 750 million euros in total with at least €25 million from Austria.

The increase in digital tax is aimed at providing equity in taxation.

The digital platforms will also face compulsory VAT.

Australian Government estimates to make 200 million euros with the new regulation.

 

 

 

 

 

Source: Reuters
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/austria-to-increase-digital-taxes/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 For how many years can we benefit from the discount resulting from the cash capital increase? https://www.muhasebenews.com/en/for-how-many-years-can-we-benefit-from-the-discount-resulting-from-the-cash-capital-increase/ https://www.muhasebenews.com/en/for-how-many-years-can-we-benefit-from-the-discount-resulting-from-the-cash-capital-increase/#respond Fri, 01 Mar 2019 14:26:10 +0000 https://www.muhasebenews.com/?p=49430 For how many years can we benefit from the corporate tax discount resulting from the cash capital increase?

 

Companies can benefit from the discount resulting from their cash capital increase in addition to their existing capitals, on condition that they do not decrease their capital. There is no time limit to benefit from the discount.

 

 

 

 

 

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/for-how-many-years-can-we-benefit-from-the-discount-resulting-from-the-cash-capital-increase/feed/ 0 Dairy, oil and sugar prices increase worldwide, according to FAO https://www.muhasebenews.com/en/dairy-oil-and-sugar-prices-increase-worldwide-according-to-fao/ https://www.muhasebenews.com/en/dairy-oil-and-sugar-prices-increase-worldwide-according-to-fao/#respond Fri, 08 Feb 2019 13:25:38 +0000 https://www.muhasebenews.com/?p=46322 United Nations Food and Agriculture Organization (FAO) published its monthly food price index.

The index consists of cereals, oilseeds, dairy products, meat and sugar products.

The prices of dairy and sugar products as well as oilseeds increased to 164.8 worldwide, in the month of January.

The index was 161.6 in December.

Despite the increase, the index is 2.2% below compared to January 2018.

 

 

 

 

 

 

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/dairy-oil-and-sugar-prices-increase-worldwide-according-to-fao/feed/ 0 Is it possible to increase the capital in USD? https://www.muhasebenews.com/en/is-it-possible-to-increase-the-capital-in-usd/ https://www.muhasebenews.com/en/is-it-possible-to-increase-the-capital-in-usd/#respond Tue, 08 Jan 2019 06:00:11 +0000 https://www.muhasebenews.com/?p=43497 We deposited the amount of capital increase to the bank in US Dollars. İstanbul Chamber of Commerce requests bank document in TL.

1-Company owner is a foreign person. He wants to register his capital in USD. Is it possible to increase the capital in foreign currency?

2-İstanbul Chamber of Commerce requests bank receipt in TL. Is this request valid?

 

In accordance with Trade Registry Regulation Article 32, trade registeries must be kept in Turkish. It is not possible to increase and register the capital in USD. On the other hand, the deposited amount must be according to the exchange rate of that day.

 

 

 

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-increase-the-capital-in-usd/feed/ 0 Is it possible to add the funds as Equity Funds to the Capital? https://www.muhasebenews.com/en/is-it-possible-to-add-the-funds-as-equity-funds-to-the-capital/ https://www.muhasebenews.com/en/is-it-possible-to-add-the-funds-as-equity-funds-to-the-capital/#respond Tue, 25 Dec 2018 10:30:48 +0000 https://www.muhasebenews.com/?p=42378 We want to increase the capital from internal equities. However, the total amount of equities of the Limited Company (active – debts) is TRY 999.749,29. Internal equities ( favorable varience of capital + excess reserves) are TRY 1.089,239,09. Can we add the internal equities to the capital?
(21.12.2018)

It is legal to increase the capital by using funds that are in the company records and that can be capitalised in accordance with law (internal equities).

 

 

 

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-add-the-funds-as-equity-funds-to-the-capital/feed/ 0 How to Calculate The Costs of Stock Certificates Obtained Through Capital Increase? https://www.muhasebenews.com/en/how-to-calculate-the-costs-of-stock-certificates-obtained-through-capital-increase/ https://www.muhasebenews.com/en/how-to-calculate-the-costs-of-stock-certificates-obtained-through-capital-increase/#respond Wed, 12 Dec 2018 14:30:28 +0000 https://www.muhasebenews.com/?p=41476 Cost Value of Stock Certificates Obtained Through Capital Increase

In the case where the companies increase the capital with capital reserves, the cost value of stock certificates that are either previously obtained or obtained through the increase of capital will be determined by splitting the cost value of previously owned stock certificates to the number of stock certificates obtained after the increase of capital.

E.g. Mr. (A) bought 100 stock certificates of (B) Incorporated Company for TRY 45.000.000 on 03.02.1999. (B) Inc. increased its capital by 50% to be fully covered from the capital reserves on 09.03.1999. 500 stock certificates were given to Mr. (A) following this transaction.

Therefore, the cost value of every stock certificate that Mr. (A) obtained after the increase of capital will be TRY 30.000 by splitting the paid TRY 45.000.000 to the total number of stock certificates.

If the capital is increased through using the profit reserves, the cost value of stock certificates obtained through this transaction will be calculated by splitting the sum of cost value of previously owned stock certificates and the nominal value of the newly purchased stock certificates to the total number of stock certificates obtained after the increase of capital.

E.g. Mr. (A) bought 1000 stock certificates, whose nominal value is TRY 1.000, for TRY 15.000.000 from (B) Incorporated Company on 03.02.1999. (B) Inc. increased its capital by 50% to be fully covered from the capital reserves on 19.02.1999. Mr. (A) was given 500 stock certificates for this transaction.

The cost value of every stock certificate that Mr. (A) obtained after the increase of capital will be calculated as TRY 10.333 [(15.000.000+500.000)/ 1.500=] by splitting the total nominal price of stock certificates obtained through the increase of capital by paying TRY 15.000.000 for 1.000 stock certificates [(500×1000=) TRY 500.000], to the total number of stock certificates [(1.000+500)=1.500].

When companies aim to increase the capital in cash, the cost value of stock certificates which were obtained through paying their nominal values through owners’ exercising their right of priority will be calculated by splitting the total of cost value of previously owned stock certificates and the cost of newly purchased stock certificates to the number of stock certificates that are obtained after the increase of capital.

 

Source: Income Tax Law Numbered 232
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/how-to-calculate-the-costs-of-stock-certificates-obtained-through-capital-increase/feed/ 0 Consumer Price Index, April 2018 https://www.muhasebenews.com/en/consumer-price-index-april-2018/ https://www.muhasebenews.com/en/consumer-price-index-april-2018/#respond Mon, 07 May 2018 07:44:11 +0000 https://www.muhasebenews.com/?p=28942

Consumer price index (CPI) increased by 1.87% in April 2018

A rise in general index was realized in CPI (2003=100) on the previous month by 1.87%, on December of the previous year by 4.69%, on same month of the previous year by 10.85% and on the twelve months moving averages basis by 11.06% in April 2018.

The highest monthly increase was 10.40% in clothing and footwear

In April 2018, the indices rose for transportation 3.54%, for miscellaneous goods and services 2.32%, for furnishing and household equipment 2.11% and for recreation and culture 1.67%.

The highest monthly decrease was 0.21% in food and non-alcoholic beverages

In April 2018, the other group that indicated a decrease was communication by 0.04% amongst the main groups.

The highest annual increase was 16.75% in furnishing and household equipment

Transportation with 16.45%, clothing and footwear and miscellaneous goods and services with 12.03%, and hotels, cafes and restaurants with 11.88% were the other main groups where high annual increases realized.

The highest monthly increase was 3.19% in TR63 (Hatay, Kahramanmaraş, Osmaniye)

The highest increases in CPI were recorded in TR61 (Antalya, Isparta, Burdur) region with 6% compared with the December of the previous year, TRB1 (Malatya, Elazığ, Bingöl, Tunceli) region with 12.55% compared with the same month of the previous year and in TRB2 (Van, Muş, Bitlis, Hakkari) and TRC1 (Gaziantep, Adıyaman, Kilis) region with 12.01% on the twelve months moving averages basis.

In April 2018 within average prices of 407 items in the index, average prices of 44 items remained unchanged while average prices of 299 items increased and average prices of 64 items decreased.

Consumer price index, April 2018
[2003=100]

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Source: TSI
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/consumer-price-index-april-2018/feed/ 0 How Many People Will There Be In Turkey In the Next 50 Years? https://www.muhasebenews.com/en/how-many-people-will-there-be-in-turkey-in-the-next-50-years/ https://www.muhasebenews.com/en/how-many-people-will-there-be-in-turkey-in-the-next-50-years/#respond Sun, 22 Apr 2018 10:00:47 +0000 http://www.muhasebenews.com/?p=9311 According to the Population Increase Statistics, it is estimated that there will be
78.965.645 people                     in 2016
85.569.125 people                     in 2025
93.175.281 people                     in 2045
93.475.575 people                     in 2050
91.800.361 people                     in 2065 (There is anticipated a decrease.)
89.172.088 people                     in 2075 (There is anticipated a decrease.)

The total amount of World population is around 7.350 billion people by year 2016; however, by 2050, that number is estimated to reach 12 billion people.

It is anticipated that the number of people born to the World up until now is around 110 billion people.

Source: Turkish Statistical Institute – Wikipedia
Date: 20 February 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.

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