Vat Exemption For Foreign Film Producers in Turkey
In Article 11/1-b of the VAT Law, an additional subparagraph was introduced by Article 11 of Law No. 5904, stating: “For cinematographic works approved by the Ministry of Culture and Tourism under Law No. 5224 on the Evaluation, Classification, and Support of Cinema Films dated 14/07/2004, the VAT paid by foreign producers on goods and […]
Why Invest in Turkey
TURKEY OFFERS A WİDE VARIETY OF OPPUTUNITIES TO INVESTORS In an increasingly competitive environment, Turkey offers great opportunities to investors. Investors who want to have a place in the global arena prefer Turkey. Conclusion Turkey’s strategic location, dynamic economy, youthful population, and investor-friendly legal framework make it a compelling destination for global investors. Combined with […]
What is Inflation Adjustment in Turkey ?
Inflation adjustment in Turkey is the procedure of modifying financial statements to accurately reflect the economic reality, considering the fluctuations in the purchasing power of currency. This involves adapting the Turkish Lira value of non-monetary assets in financial statements by utilizing adjustment coefficients. When is the adjustment scheduled ? The implementation of inflation adjustment is […]
Vat Refund For Tourists in Turkey
If you are a foreign visitor exploring Türkiye’s vibrant cities, rich history, or unique shopping experiences, you may benefit from the VAT refund for tourists in Turkey. VAT (Value Added Tax) is applied to most goods and services, but under certain conditions, foreign tourists can claim a refund on eligible purchases made during their stay. […]
Transfer Pricing in Turkey
Transfer Pricing in Turkey is a crucial element of international taxation and compliance, particularly for multinational companies and corporate groups operating across borders. It refers to the pricing of goods, services, and intangible assets exchanged between related parties within the same group of companies. Turkish transfer pricing rules follow OECD guidelines and aim to ensure […]
The Future of Investment Incentives in Turkey
Unveiling Technology Development Zones Incentives Turkey, a rising hub for innovation and technology, hosts 87 fully operational and 14 under-construction Technology Development Zones (TDZs), commonly referred to as Technoparks. These dynamic hubs are not merely spaces; they are engines of progress, fostering research, development, and investments in groundbreaking technologies. Among the most attractive investment incentives […]
Tax Types in Turkey (Updated 2024 Rates)
Understanding the different tax types in Turkey is essential for individuals and businesses operating in the country. Turkey’s tax system includes a wide range of direct and indirect taxes, each with specific rates and application criteria. This guide provides a comprehensive overview of the main tax types applicable in 2024. Corporate Income Tax The corporate […]
Free Zones Investment Incentives in Turkey
Turkey is taking bold steps to transform its economic structure and attract export-oriented capital. A central pillar of this strategy is its Free Zones, which serve as investment magnets for global businesses. With 19 strategically located zones that provide direct access to European, Asian, and Middle Eastern markets, Free Zones Investment Incentives in Turkey play […]
Transfer Pricing in Turkey: Navigating Compliance in a Global Economy
In light of recent economic pressures and increasing global scrutiny, Transfer Pricing in Turkey has become a central focus for both regulators and multinational companies. The Turkish Ministry of Finance, under the leadership of Mr. Mehmet Şimşek, recently signaled a significant intensification of tax inspections targeting international tax evasion. This initiative is a clear call […]
Investment Incentives in Turkey: Discover Istanbul Finance Center Incentives
Türkiye has emerged as a rising investment hub in recent years. Particularly, the Istanbul Finance Center (IFC) stands out with its innovative infrastructure and attractive incentive packages, drawing both local and international investors. IFC is on its way to becoming a center of attraction not only for the financial sector but also for tech and […]
