With – Muhasebe News https://www.muhasebenews.com Muhasebe News Mon, 08 Apr 2019 07:44:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 Can airline companies make transactions with foreign exchange when making an acquisition? https://www.muhasebenews.com/en/can-airline-companies-make-transactions-with-foreign-exchange-when-making-an-acquisition-2/ https://www.muhasebenews.com/en/can-airline-companies-make-transactions-with-foreign-exchange-when-making-an-acquisition-2/#respond Mon, 08 Apr 2019 10:26:34 +0000 https://www.muhasebenews.com/?p=39716 SUBJECT

About airline companies making transactions with foreign exchange.

QUESTION

…I’m working for an airline company. In accordance with article 17 of the notice published on 6th of October 2018 regarding the decision numbered 32 about Protection of the Value of Turkish Currency, can we accept all purchase agreements in foreign currency except for real estate selling, leasing and labor agreements without considering if the service provider abides by the exceptions?

(13.11.2018 12:18)

ANSWER

We think that you can make transactions in foreign currency.

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.

 

]]> https://www.muhasebenews.com/en/can-airline-companies-make-transactions-with-foreign-exchange-when-making-an-acquisition-2/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 Turnover of our company is TRY 30m. Are we supposed to sign an approval contract with a CPA? https://www.muhasebenews.com/en/turnover-of-our-company-is-try-30m-are-we-supposed-to-sign-an-approval-contract-with-a-cpa/ https://www.muhasebenews.com/en/turnover-of-our-company-is-try-30m-are-we-supposed-to-sign-an-approval-contract-with-a-cpa/#respond Mon, 21 Jan 2019 15:07:54 +0000 https://www.muhasebenews.com/?p=44690 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.

 

 

 

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/turnover-of-our-company-is-try-30m-are-we-supposed-to-sign-an-approval-contract-with-a-cpa/feed/ 0 Trump signs trade pact with Canada and Mexico to replace Nafta https://www.muhasebenews.com/en/trump-signs-trade-pact-with-canada-and-mexico-to-replace-nafta/ https://www.muhasebenews.com/en/trump-signs-trade-pact-with-canada-and-mexico-to-replace-nafta/#respond Thu, 13 Dec 2018 05:30:34 +0000 https://www.muhasebenews.com/?p=40720 Donald Trump and the leaders of Canada and Mexico signed a revised North American trade pact.

The US-Mexico-Canada Agreement (USMCA) is meant to replace the 24-year-old North American Free Trade Agreement (Nafta), which Trump has viewed as a “disaster”.

Trump appeared with Trudeau and outgoing Mexican president Enrique Peña Nieto at the G20 summit in Buenos Aires for the formal signing ceremony.

The new agreement requires that 40% of cars eventually be made in countries that pay autoworkers at least $16 an hour – that is, the US and Canada and not Mexico – to qualify for duty-free treatment under the trade pact.

It also requires Mexico to pursue reforms of labor law to encourage independent unions.

Each country’s legislature must also approve the agreement.

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/trump-signs-trade-pact-with-canada-and-mexico-to-replace-nafta/feed/ 0 How much of the VAT return can I take with the CPA (Certified Public Accountant) Report? https://www.muhasebenews.com/en/how-much-of-the-vat-return-can-i-take-with-the-cpa-certified-public-accountant-report/ https://www.muhasebenews.com/en/how-much-of-the-vat-return-can-i-take-with-the-cpa-certified-public-accountant-report/#respond Thu, 06 Dec 2018 14:30:35 +0000 https://www.muhasebenews.com/?p=41090 What is the upper limit of VAT return that the  taxpayers who signed a full certification agreement can take with CPA Report?

The upper limit of VAT return that can be taken with a CPA Report is given below in terms of the types:

1-VAT Law: The upper limit for the year of 2018 is TRY 562.000 for the Articles of 11/1a, 11/1c, 13, 14, 15/1-b, 17/4-s, 9

2- The upper limit for the year of 2018 is TRY 1.124.000 for the Article of 29/2.

3- The upper limit for the year of 2018 is TRY 148.000 for the Article of 11/1-b (A Full certification agreement is not required for the returns that will be taken according to this Article.)

 

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/how-much-of-the-vat-return-can-i-take-with-the-cpa-certified-public-accountant-report/feed/ 0 Can airline companies make transactions with foreign exchange when making an acquisition? https://www.muhasebenews.com/en/can-airline-companies-make-transactions-with-foreign-exchange-when-making-an-acquisition/ https://www.muhasebenews.com/en/can-airline-companies-make-transactions-with-foreign-exchange-when-making-an-acquisition/#respond Tue, 20 Nov 2018 07:00:57 +0000 https://www.muhasebenews.com/?p=39709 SUBJECT
About airline companies making transactions with foreign exchange.

QUESTION 

…I’m working for an airline company. In accordance with article 17 of the notice published on 6th of October 2018 regarding the decision numbered 32 about Protection of the Value of Turkish Currency, can we accept all purchase agreements in foreign currency except for real estate selling, leasing and labor agreements without considering if the service provider abides by the exceptions?
(13.11.2018 12:18)

ANSWER
We think that you can make transactions in foreign currency.

Source: Ismmmo
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-airline-companies-make-transactions-with-foreign-exchange-when-making-an-acquisition/feed/ 0 Tesco aims to cut prices in buying tie-up with French giant Carrefour https://www.muhasebenews.com/en/tesco-aims-to-cut-prices-in-buying-tie-up-with-french-giant-carrefour/ https://www.muhasebenews.com/en/tesco-aims-to-cut-prices-in-buying-tie-up-with-french-giant-carrefour/#respond Mon, 02 Jul 2018 12:40:55 +0000 https://www.muhasebenews.com/?p=30686 Tesco aims to cut prices in buying tie-up with French giant Carrefour

The UK’s biggest retailer Tesco revealed plans for a buying alliance with its even-larger French counterpart Carrefour as the two supermarket chains battle against tough competition in the sector.

The duo said that working together to buy branded and own-brand products, as well as other supplies such as trollies and shop fittings, would allow them to lower prices as well as improving the quality and range of goods available.

The planned deal, expected to be formally ironed out in the next two months, follows a similar arrangement between French chains Casino, Auchan and Schieve, and Germany’s Metro, which emerged on Friday.

______________________________________________________________________

Kaynak: Telegraph
Yasal Uyarı: Bu yazıdaki bilgiler sadece genel bilgilendirme amacıyla verilmiştir. Kişi veya kuruma özel profesyonel bir bilgilendirme amacı güdülmemiştir. Konu ile benzerlik gösterse de her işletmenin kendi özel şartları nedeniyle farklı durumları olabilir. Bu nedenle, bu yazıda belirtilen bilgilerden yola çıkarak işletmenizi etkileyecek herhangi bir karar alıp uygulamaya geçmeden önce, uzmanına danışmanız menfaatiniz gereğidir. Muhasebenews veya ilişkili olduğu kişi veya kurumlardan hiç biri, bu belgede yer alan bilgilerin özel veya resmi, gerçek veya tüzel kişi, kurum ve organizasyonlar tarafından kullanılması sonucunda ortaya çıkabilecek zarar veya ziyandan sorumlu değildir.

]]> https://www.muhasebenews.com/en/tesco-aims-to-cut-prices-in-buying-tie-up-with-french-giant-carrefour/feed/ 0 India Moves to Use National Currency in Oil Trade With Iran https://www.muhasebenews.com/en/india-moves-to-use-national-currency-in-oil-trade-with-iran/ https://www.muhasebenews.com/en/india-moves-to-use-national-currency-in-oil-trade-with-iran/#respond Mon, 25 Jun 2018 10:41:56 +0000 https://www.muhasebenews.com/?p=30533 Indian refineries bought a record 27.2 million tons of Iranian crude oil in the past financial year, which wrapped up in March 2018.

India plans to make some oil payments to Iran in rupees in a bid to avoid US economic pressure on Tehran, according to several Indian government sources. Another source said that India’s Central Bank is yet to make a final decision on returning to the rupee payments for Iranian oil.

During a meeting with his Iranian counterpart, Javad Zarif, late last month, Indian Foreign Minister Sushma Swaraj pointed out that his country would ignore US trade sanctions against Iran.

“India will comply with UN sanctions and not any country-specific sanctions,” he stressed.

In May 2018, President Donald Trump announced Washington’s withdrawal from the 2015 Iran nuclear deal and ordered the re-imposition of US anti-Iranian sanctions, including those related to the oil sector, will be effective as of November 4.

______________________________________________________________________

Source: NY Times
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 with an expert before taking a decision based on the 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/india-moves-to-use-national-currency-in-oil-trade-with-iran/feed/ 0