Minimum Wage in Turkey
Discover the updated minimum wage in Turkey for 2025: Description Gross (TRY) Net (TRY) Minimum Wage 26,005.50 22,104.67 Tip: Knowing the minimum wage is crucial for both employees and employers in Turkey. ———————————————————————————- Insurance Premium Base Earnings Limits Stay updated on social security premiums in Turkey for 2025: Daily Earnings Limit (TRY) Monthly Earnings Limit […]
Outsource Accounting vs. In-House Accounting in Turkey: Which is the Best Option?
For businesses operating in Turkey, managing financial processes effectively is key to sustainable growth and compliance. With evolving tax legislation, strict payroll obligations, and complex financial reporting standards, companies must choose between two main accounting models: building an internal accounting department or outsourcing accounting services in Turkey. In this article, we compare outsourced accounting vs. […]
Investing Abroad
Investors and businesses in our country are expected to take their place in the evolving and changing global economy. Investing abroad requires taking on the role correctly, conducting research and feasibility studies, and evaluating the opportunities in the broadest context. If you are planning to invest abroad, you must seek answers to many questions. For […]
The Issue Of Vat Refunds For Goods Lost Due To Fires And The Need For Legislative Changes in Turkey
In commercial activities, the loss or destruction of goods can lead to significant financial burdens for businesses, with substantial implications for tax legislation. Specifically, current regulations surrounding VAT refunds for goods lost in disasters such as fires highlight the need for a fairer and more comprehensive system. Definition of Loss and Its Place in Legislation […]
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 […]
