1-WHAT IS THE PROCEDURE OF TAXATION OF RETURN ON SALES OF IMMOVABLE PROPERTIES, IF A COMPANY HAS AN OFFICE IN TURKEY?
If an overseas company has an office or a permanent representative in Turkey in compliance with Tax Procedure Law, the profits made from the return on sales of immovable properties should be regarded as commercial income.
2- WHAT IS THE PROCEDURE OF TAXATION OF RETURN ON SALES OF IMMOVABLE PROPERTIES, IF A COMPANY HASN’T GOT ANY OFFICES IN TURKEY?
If an overseas company (limited taxpayer) hasn’t got any offices or permanent representatives in Turkey in accordance with Tax Procedure Law, the profits made from the sales of immovable properties within 5 years from the date of acquisition should be taxed within the scope of other income and earnings.
3- IF AN OVERSEAS COMPANY MAKES PROFIT THAT IS SUBJECT TO TAX FROM IMMOVABLE PROPERTIES, WHERE AND HOW SHOULD IT MAKE THE EARNING NOTICE?
If an overseas company (limited taxpayer) makes profit that is subject to tax from immovable properties, the person, who represents the company in Turkey, should make the notice in a tax office stated in article 101 of the Tax Procedure Law within 15 days from the date of acquisition.
*** The exception concerning to the earnings within the scope of article 80 of Income Tax Law shouldn’t be applied to above-mentioned incomes of companies that are limited taxpayers.
Source: Corporate Tax Law
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