One of our companies, which is a limited company, wants to rent 5 vehicles registered in the name of the brother of the company partner, who is a pharmacist, by signing a contract on behalf of the company. How should we proceed in terms of VAT, Tax Procedure Law and Corporate Tax? (In Turkey)
If the person who will rent a car performs this job with more than one vehicle, Income Tax liability is constituted. An invoice is issued by calculating 18% VAT.
Source: İSMMMO
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