VAT Refund Advantage for Manufacturing Exporters
Exceptions List of VAT to be deducted for the last 24 periods prior to the period in which the export is declared (It is sufficient to submit the list of VAT to be deducted covering the same periods once. If VAT payable is declared in any of the previous periods, it is sufficient to submit […]
Temporary Article 17 Scope Domestic Processing Permit Certificate (DİİB) VAT Refund
In order to make Turkish export products competitive in world markets and to diversify our export products; without being subject to trade policy measures, without being subject to trade policy measures, an economically effective customs regime is applied that allows the import of raw materials, auxiliary materials, and packaging materials necessary for the production of […]
Service Export VAT Refund Procedures
According to Article 11/1-a of Law No. 3065, services provided to customers abroad are exempt from VAT. Scope of the Exemption For a service to be exempt from VAT under Article 11/1-a of Law No. 3065, according to Article 12/2 of the same Law, the following conditions must be met: The fact that the service […]
Export-Registered VAT (Deferral–Cancellation) Refund – Application, Conditions, Documents, and Deadlines
Export-Registered VAT Refund MethodsPursuant to Article (11/1-c) of Law No. 3065, VAT on goods delivered to manufacturers for export is not paid by exporters. Manufacturers can benefit from this application. Sellers who qualify as “manufacturers” can benefit from the deferral-cancellation application. Requirements for becoming a manufacturer Even if the seller is a manufacturer, products not […]
VAT Refund on Exports: Conditions, Liability Account, Application, and Documents
The Basis of VAT Refund on Exports Export, also known as foreign sales, can be defined simply as the sale (delivery) of goods and/or services outside the borders of Turkey. Export is deemed to have been completed on the date of departure of the goods outside the customs line. In accordance with Article 11 of […]
Capital Increase in Joint Stock and Limited Companies in Turkey
Capital increase in Joint Stock and Limited Companies in Turkey is one of the most common corporate actions, widely used to achieve growth objectives and strengthen financial structure. This process is regulated under the Turkish Commercial Code (TCC) and the Capital Markets Law (CML), supported by specific requirements and reporting obligations in practice. In particular, […]
Operating Method of Expense Accounts: Turkish Accounting System and Uniform Chart of Accounts
Importance of Expense Accounts Within the Turkish Uniform Chart of Accounts (TDHP), the correct operation of expense accounts is essential for ensuring the reliability of financial statements. Particularly with the 7/A option, production and operating expenses play a critical role in calculating costs accurately and determining the company’s profit or loss for the period. General […]
Income Tax Practices in Turkey for Shares, Partnership Rights, and Withholding Tax
With the development of capital markets in Turkey and the diversification of income types, the taxation of income derived by individuals and legal entities from shares, partnership rights, investment income, interest, and other returns has become increasingly important. The Income Tax Law (ITL) and related legislation regulate the taxation of these incomes through filing, withholding, […]
Attribution of Profits to Permanent Establishments Post-BEPS in Turkey
PE and Profit Attribution in Turkey: Core Concepts Permanent Establishment (PE): A fixed place of business (or dependent agent arrangement) through which a foreign enterprise carries on business in Turkey. Profit attribution: Allocation of an enterprise’s profits to its PE based on the PE’s functions performed, risks assumed, and assets used. Post-BEPS Principles for Profit […]
Tax Treaties in Turkey
Tax treaties in Turkey, also known as double taxation avoidance agreements, are international agreements designed to prevent the same income from being taxed both in the country where it is earned and in the country where the taxpayer is resident. These agreements play a crucial role in encouraging foreign investment, facilitating capital movement, and supporting […]
