Under Article 5/1-e of the Turkish Corporate Tax Law (Law No. 5520), corporations may benefit from a partial corporate income tax exemption on gains derived from the sale…
The share premium exemption in Turkey refers to the corporate tax exemption granted on income generated by joint-stock companies when issuing their own shares at a price above…
The foreign subsidiary share sale exemption under Turkey’s Corporate Tax Law allows Turkish resident joint-stock companies to exclude from taxation the capital gains arising from the sale of…
The foreign subsidiary dividend exemption under Turkish corporate tax law allows Turkish resident corporations to exclude from taxation the profit distributions (dividends) they receive from their foreign subsidiaries,…
The participation income exemption is one of the most fundamental regulations introduced in Turkey’s corporate tax system to prevent double taxation. This exemption ensures that a corporation’s share…
Three separate minimum taxes in Turkey are regularly confused with one another. The domestic minimum corporate tax applies to every company at 10%. The local and global minimum…
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…
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…
Purpose of the Uniform Chart of Accounts The Uniform Chart of Accounts (UCA) in Turkey has been in force since 1994 to standardize accounting records nationwide. With this…
VAT Refund and ATIK Liability in the Context of International Transportation constitute a specialized compliance and cash-flow management area under Turkish VAT legislation. Companies engaged in cross-border freight,…
OZBEK CPA SERBEST MUHASEBECİLİK MALİ MÜŞAVİRLİK LİMİTED ŞİRKETİ (Certified Public Accountancy Ltd.)
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