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 […]
Inflation Accounting in Turkey
Turkey has emerged as a dynamic investment destination in recent years. Among its notable developments, the Istanbul Finance Center (IFC) stands out with its advanced infrastructure and investor-friendly policies. Positioned as a gateway for financial services and technology-driven ventures, IFC reflects Turkey’s broader economic vision. However, as inflation remains a structural challenge, the implementation of […]
Important Updates for Employing Foreign Workers in Your Company in Turkey
Turkey has introduced new regulations concerning the employment of foreign workers, impacting companies hiring foreign nationals. These updates emphasize work permit applications, capital requirements, employment conditions, and salary standards. The following updates are particularly important for employing foreign workers in your company in Turkey. 1️⃣ Capital Requirement for Companies Employing Foreign Workers As of October […]
