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Am I supposed to submit annual income statement for my income from a single employer in Turkey?

MuhasebeNews — Sat, 30 Mar 2019 08:00:01 +0000

A taxpayer who has business income on real taxation system in 2018 also works in a company as a 4A employee. Is this person also supposed to include their income from wages on the income statement they will submit for their business earnings?

If the income is earned from a single employer, it is not written on the annual income statement notwithstanding the amount.

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.

Are we supposed to declare in the income tax return the earnings from wages given by the employers abroad?

MuhasebeNews — Tue, 12 Mar 2019 11:38:13 +0000

Are the wages of employees who work in the contact office of a foreign company in Turkey subject to income tax deduction?

Wages from foreign employers are declared in the income tax return to the tax authority by the employee.

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.

Turnover of our company is TRY 30m. Are we supposed to sign an approval contract with a CPA?

MuhasebeNews — Mon, 21 Jan 2019 15:07:54 +0000

Net sales amount of our company in 2018 is TRY 30 million. Are we required to sign an approval contract with a CPA? If so, when?

IT IS NOT REQUIRED FOR THE ANNUAL INCOME TAX AND CORPORATE INCOME TAX DECLARATION TO BE APPROVED BY CPA’S.

Procedures and principles regarding the approval of annual income tax and corporate income tax declaration as well as the related financial statements and declarations are specified in Certified Public Accountancy and Sworn-in CPA Law numbered 3568 (Serial Number: 18) dated 30.07.1995:

‘’ Taxpayers who are obliged to give annual income tax or corporate income tax declarations (including liquidation, acquisition and transfer declarations), may have certified public accountants approve these declarations as well as attached financial statements and declarations if they want to’’ in ‘’Scope A’’ part of Section I titled ‘’Principles Regarding The Approval’’ in the aforementioned Communique,

‘’ Taxpayers may benefit from the service of approval if they WANT to, in accordance with the regulation on General Communique (Serial: 18) of Certified Public Accountancy and Sworn-in CPA Law.’’ in Article 4- Drawing Up & Cancellation of The Contract in the First Section of General Communique Serial: 20 of Certified Public Accountancy and Sworn-in CPA Law.

Within the scope of the above-mentioned explanations, it is possible for taxpayers to benefit from the approval service without being limited to any conditions if they WANT to.

Are we supposed to declare our sales to the foreign consulates in Turkey on the sales form?

MuhasebeNews — Fri, 07 Dec 2018 15:30:36 +0000

We closed a sale with Consulate General of Italy in the amount of more than TRY 5.000. How should we declare this on the sales from?

The sale that is closed to the foreign consulate is a domestic sale. Every consulate has a potential tax identification number. It should be declared on the sales form.