What will be the taxation if a new school or center is built during the exemption period, or if the enterprise benefiting from the exemption is sold or transferred? (In Turkey)
In case the taxpayers benefiting from the income exemption of education and rehabilitation centers establish new schools or centers in addition to the schools and centers operated, the income from the school or center are opened, shall be considered as a separate unit in terms of the exemption implementation.
If the taxpayers benefiting from the education and training exemption transfer these enterprises to another institution, the transferee institution will benefit from the exception, not for five accounting periods but for the period not used.
Source: GİB
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