How is the Intangible Asset Fee Determined?
Intangible assets include trademarks, patents, software, know-how, designs, technical knowledge, copyrights, and all intellectual property elements owned by businesses. The intangible asset fee (royalty/license fee) to be charged for the use of these rights is of critical importance from both a commercial valuation and tax perspective. Under transfer pricing regulations in Turkey, the royalty must […]
Stamp Tax Exemption in Turkey — Communiqué Amendment (Law No. 5746)
Type: General Communiqué Amendment (Series No: 11)Law: Law No. 5746 — Support for Research, Development and Design Activities in TurkeyOfficial Gazette No.: 33007Official Gazette Date: September 4, 2025Enforcement: On the date of publication (September 4, 2025) Regulatory Status and Applicability The General Communiqué Amendment (Series No: 11) issued under Law No. 5746 was published in […]
Regulations on Bookkeeping in Foreign Currency in Turkey
Legal Framework Regulations on Bookkeeping in Foreign Currency in Turkey are primarily governed by Article 215 of the Turkish Tax Procedure Law (VUK) and related secondary legislation. Under this framework, statutory books must, as a general rule, be maintained in Turkish Lira (TRY), unless specific authorization is granted for foreign currency bookkeeping. Foreign currency bookkeeping […]
Delivery Note in Turkey :Definition, Legal Basis, Issuance Requirements and Compliance Risks
Delivery Note in Turkey is a mandatory commercial document regulated under Articles 230 and 231 of the Turkish Tax Procedure Law (VUK). The document evidences the physical movement of goods and constitutes a critical control point within Turkey’s tax audit framework.Failure to comply with statutory issuance requirements may trigger special irregularity penalties under Article 353 […]
Reconciliation Services in Turkey
The accuracy of a company’s financial records depends not only on proper bookkeeping but also on the regular verification and alignment of these records with third parties. Reconciliation services ensure financial reliability and transparency by verifying that the receivable, payable, inventory, bank, and intercompany accounts in financial statements match official records. What Is Reconciliation? Reconciliation […]
What Are the Types of Tax Declarations Used by Companies?
The Turkish tax system is based on the declaration of taxable income or value to the official authorities. This method, known as the declaration-based taxation system, covers a comprehensive process from assessment to payment. Taxpayers are required to submit their declarations in the form and within the deadlines set by law. Otherwise, they are subject […]
Invoice Issuance Service
For all companies operating in Türkiye, invoice issuance is a legal obligation governed by the Turkish Tax Procedure Law and related regulations. Managing invoicing processes accurately, timely, and in full compliance with legislation is essential — not only for regulatory compliance but also for maintaining financial transparency and corporate credibility. At ÖzbekCPA, we provide invoice […]
Foreign Nationals’ Short-Term Training Assignments in Türkiye
Legal Qualification, Exemption Scope, Visa Procedure, and Compliance Risks Foreign Nationals’ Short-Term Training Assignments in Türkiye are regulated under the International Labor Force Law No. 6735 (published in the Official Gazette dated 13 August 2016, No. 29800) and its secondary legislation, including the Regulation on the Implementation of the International Labor Force Law. The legal […]
Free Zone Branch Establishment in Turkey
Free Zone branch establishment in Turkey enables a foreign company to conduct commercial activities within a designated free zone without incorporating a separate legal entity. The branch operates under the legal identity of the parent company and is subject to both Turkish commercial law and the Free Zones regulatory framework. Free Zones in Turkey are […]
BPO Services in Turkey: Unlocking Efficiency and Growth
Business Process Outsourcing (BPO) helps organizations streamline operations, boost efficiency, and stay focused on core competencies in Turkey. With its strategic location, skilled workforce, and competitive costs, Turkey has become a prime destination for BPO. Advantages of BPO in Turkey a. Cost Efficiency: Competitive pricing vs. many markets; favorable labor and FX dynamics.b. Skilled Workforce: […]
