Is it possible to transfer the shares of an incorporated company to shareholders or non-shareholders when necessary? What are the transactions to be carried out?

It is possible to transfer the shares of an equity company to the shareholders or third parties. For transactions that are subject to permission in accordance with the special provisions and law, the transfer may take place by getting the permissions.

However, share transfers in the trade registry are not subject to registration and therefore, they are not registered. The decisions taken through declaration for transactions that are subject to registration such as changing into a single share, changing the single share or changing into multiple shares from a single share are registered.

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.

Also;

Transactions caused by establishment, merging, assignation, capital raise, splitting off and type alteration of joint stock, shared commandite and limited companies and transactions related to providing, guarantees, re-payment and bonds of credits which are given by banks, overseas credit organizations and international institutions shall not be subjected to duties (except trial duties). (Duties Law a.123)

The transfer of movables, immovable and intangible assets to the leasing firm and the re-transfer of these assets by the leasing firm to the assignor firm and the mortgage transactions related to these transfers are exempt from duties.

The exemptions regarding the duties shall not be applied to the “duty of exploration” which is one of the “Judiciary duties” and to the “Seizure, delivery and selling duty”  which is one of the “enforcement and bankruptcy duties”.  (Duties Law a.123)

Source: Revenue Administration

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- WHAT IS INVENTORY ACCORDING TO TURKISH TRADE LAW AND HOW IS IT TAKEN?
Each tradesman is supposed take inventory of their immovable, receivables, debts, cash money and other assets showing their assets properly in the launching of their business entities.

2- How much is the inventory operating cycle?
Tradesman takes inventory at the end of operating cycle after launching his business. Calculation year does not exceed 12 months. Inventory is taken within the transaction period of a company.

3-In Which Cases taking inventory is compulsory?
If raw, auxiliary and working material is substituted properly and their total values have secondary importance in a company, they are taken into the inventory however; their current amounts may be different than actual values. As a rule, inventory has to be taken in every three years.

4-What are the enabling methods while taking inventory?
Enabling methods while taking inventory;
4.1– While taking inventory, current asset is decided as amount and value with the help of generally accepted mathematical-statistical methods. Used method should be suitable for Turkish Accounting Standards. Mathematical results should be in accordance with physical results.
4.2- Physical inventory is not necessary in carrying out closing stock, if sort, quantity and value are met according to the Turkish Accounting Standards.
4.3- In the closing of operating cycle, if physical inventory is taken according to the Turkish Accounting Standards, 3 months before and following 2 months of year end procedure,   there will be no need for inventory stock transaction anymore.

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Source: Turkish Trade 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- When do the ones having trade and corporate earnings, have to book their transactions?
Taxpayers having trade and corporate earnings have to book their transactions within ten days.

2- When do self-employer tax payers have to book their earnings?
Self-employed tax payers have to book their earning on a daily basis.

Source:Tax Procedure 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.