it – Muhasebe News https://www.muhasebenews.com Muhasebe News Thu, 11 Apr 2019 14:46:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 Is it possible for foreigners to obtain property in Turkey? https://www.muhasebenews.com/en/is-it-possible-for-foreigners-to-obtain-property-in-turkey/ https://www.muhasebenews.com/en/is-it-possible-for-foreigners-to-obtain-property-in-turkey/#respond Thu, 11 Apr 2019 14:46:02 +0000 https://www.muhasebenews.com/?p=54389 Is it possible for foreigners to obtain property in Turkey?

 

There are three ways for foreigners to obtain property in Turkey based on their status:

1- Obtaining property as a real person
2- Obtaining property as a foreign company (established in other countries)
3- Obtaining property as a foreign-invested company (established in Turkey)

 

 

 

Source: yoik.gov.tr
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-for-foreigners-to-obtain-property-in-turkey/feed/ 0 Is it possible to apply a discount on VAT of bad debts? https://www.muhasebenews.com/en/is-it-possible-to-apply-a-discount-on-vat-of-bad-debts/ https://www.muhasebenews.com/en/is-it-possible-to-apply-a-discount-on-vat-of-bad-debts/#respond Wed, 10 Apr 2019 15:30:36 +0000 https://www.muhasebenews.com/?p=46102 In accordance with Law numbered 7104 and the amendment on Article 29 of Law numbered 3065, the VAT of bad debts may be subject to a discount. The company lawyer started an execution proceeding on 31.12.2018 for the receivables to not get affected by the increase in transaction stamp costs. Normally, the execution proceeding was set to start in January.

 

We’ve just received the documents. According to the related article of the Law, the VAT may be subject to a discount in the taxation period that it is written as a loss and this discount may be written as income. Is it possible to make provisions in January and apply a discount on the VAT?

 

Provisions shall be made until 31.12.2018. It is possible to apply a discount on the VAT until 31.12.2019 (Paragraph 3 of Article 29 of VAT Law.)

 

 

 

 

 

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-apply-a-discount-on-vat-of-bad-debts/feed/ 0 Is it possible to benefit from medical care if I take unemployment pay in Turkey? https://www.muhasebenews.com/en/is-it-possible-to-benefit-from-medical-care-if-i-take-unemployment-pay-in-turkey/ https://www.muhasebenews.com/en/is-it-possible-to-benefit-from-medical-care-if-i-take-unemployment-pay-in-turkey/#respond Mon, 18 Mar 2019 13:44:27 +0000 https://www.muhasebenews.com/?p=51714 For those who are entitled to the Unemployment Salary, it is possible to benefit from the below-mentioned services as long as they take the unemployment salary.

  • Unemployment Salary
  • General Health Insurance Premium
  • Finding A New Job
  • Career development courses, vocational courses and training courses

 

 

 

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-benefit-from-medical-care-if-i-take-unemployment-pay-in-turkey/feed/ 0 Is it required to include stamp tax on the letter of conveyance issued by an international transportation company? https://www.muhasebenews.com/en/is-it-required-to-include-stamp-tax-on-the-letter-of-conveyance-issued-by-an-international-transportation-company/ https://www.muhasebenews.com/en/is-it-required-to-include-stamp-tax-on-the-letter-of-conveyance-issued-by-an-international-transportation-company/#respond Mon, 11 Feb 2019 12:45:00 +0000 https://www.muhasebenews.com/?p=46486 If an international transportation company issues a letter of conveyance, it is possible for that company to benefit from the stamp tax exemption?

If the agreement is made in Turkey, the stamp tax is applied.

 

 

 

 

 

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-required-to-include-stamp-tax-on-the-letter-of-conveyance-issued-by-an-international-transportation-company/feed/ 0 Is it possible to capitalise the tax reduction for real estate sales https://www.muhasebenews.com/en/is-it-possible-to-capitalise-the-tax-reduction-for-real-estate-sales/ https://www.muhasebenews.com/en/is-it-possible-to-capitalise-the-tax-reduction-for-real-estate-sales/#respond Mon, 11 Feb 2019 12:24:18 +0000 https://www.muhasebenews.com/?p=46484  We sold a building that was our company’s property in 2019 (It has been our asset for more than 2 years.) We made a profit of TRY 1.000.000. We want to transfer this to our fund account by benefitting from the 50% corporate tax reduction.

Is it possible to capitalize this profit by benefitting from the reduction in 2019? Or is 2020 the earliest year to increase the capital? And are we required to get a Certified Public Accountant (CPA) report for this profit?

 

The profit has to be capitalized. Even if it isn’t capitalized, a CPA report has to be prepared for the corporate tax reduction.

 

 

 

 

 

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-capitalise-the-tax-reduction-for-real-estate-sales/feed/ 0 Is it required to pay the subscribed capital from the bank https://www.muhasebenews.com/en/is-it-required-to-pay-the-subscribed-capital-from-the-bank/ https://www.muhasebenews.com/en/is-it-required-to-pay-the-subscribed-capital-from-the-bank/#respond Mon, 11 Feb 2019 07:58:10 +0000 https://www.muhasebenews.com/?p=46435 Is it required to pay the subscribed capital from the bank?

 

The important point is to pay the subscribed capital and enter it on the records. I think that the payment should be included on an invoice. We think that this should be considered from a financial aspect.

 

 

 

 

 

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-required-to-pay-the-subscribed-capital-from-the-bank/feed/ 0 When to write the severance pay as expense; when it is recognised or paid? https://www.muhasebenews.com/en/when-to-write-the-severance-pay-as-expense-when-it-is-recognised-or-paid/ https://www.muhasebenews.com/en/when-to-write-the-severance-pay-as-expense-when-it-is-recognised-or-paid/#respond Mon, 21 Jan 2019 12:30:52 +0000 https://www.muhasebenews.com/?p=44684  Severance pays are only recognised as expenses when they are paid. SSI leave of an employee that quitted the job in December, 2018. A payroll was prepared and signatures were taken. But the payment was made in January, 2019. So should we include the stamp tax in the tax declaration of December, 2019 and pay it? Or record the payroll in the new year (January 2019) and then make payment to the tax office?

 

Recognition as an expense is made in 2019 as the payment was made in January. It appears in the tax declaration 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.

]]> https://www.muhasebenews.com/en/when-to-write-the-severance-pay-as-expense-when-it-is-recognised-or-paid/feed/ 0 Is it possible to write the fee of receipt of rejection as expense? https://www.muhasebenews.com/en/is-it-possible-to-write-the-fee-of-receipt-of-rejection-as-expense/ https://www.muhasebenews.com/en/is-it-possible-to-write-the-fee-of-receipt-of-rejection-as-expense/#respond Thu, 10 Jan 2019 14:00:25 +0000 https://www.muhasebenews.com/?p=43836 …a car was seized regarding its case before the execution office. We’ve received a receipt of rejection. It is written on the receipt that 10.000 TL was charged. How should we enter this transaction in our accounts?

 

Charges are entered as expenses.

 

 

 

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-write-the-fee-of-receipt-of-rejection-as-expense/feed/ 0 Is it possible to write insurance premiums as expense? https://www.muhasebenews.com/en/is-it-possible-to-write-insurance-premiums-as-expense/ https://www.muhasebenews.com/en/is-it-possible-to-write-insurance-premiums-as-expense/#respond Thu, 10 Jan 2019 13:13:33 +0000 https://www.muhasebenews.com/?p=43828 There are accident and sickness insurance premiums paid to an insurance company abroad for a partner of the company. Is it possible to deduct these payments from company profit?

 

…The accident and insurance premiums paid on behalf of the partner of your company are not subject to deductible expenses referred in the related laws. So it is required to accept these premiums as profit shares and apply 15% withholding to profits shared. So it is not possible to write these premiums as expense when detecting the income of your company.

 

 

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-write-insurance-premiums-as-expense/feed/ 0 Is it possible to seize the companies that declared concordat? https://www.muhasebenews.com/en/is-it-possible-to-seize-the-companies-that-declared-concordat/ https://www.muhasebenews.com/en/is-it-possible-to-seize-the-companies-that-declared-concordat/#respond Fri, 07 Dec 2018 09:00:07 +0000 https://www.muhasebenews.com/?p=41147 Company (A) who has declared concordat took a cheque from its client company (B) and used it for guarantee. Company (B) who took the cheque couldn’t pay it and a cheque was written. So becuase of the company’s concordat decision, the bank can’t take any action against company (A) who negotiated the cheque. Is the bank allowed to seize company (B) who drew the cheque?
(29.11.2018 16:35)

 

Te subject is only related to concordat and it is not within the scope of Turkish Commercial Code. It is evaluated that the procedures can be followed by making an application to the concordat manager and that seizing is not possible during concordat.

 

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 KarenAudit 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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