2 – Muhasebe News https://www.muhasebenews.com Muhasebe News Mon, 11 Mar 2019 14:36:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 What is the VAT rate for properties that are company’s assets for less than 2 years? https://www.muhasebenews.com/en/what-is-the-vat-rate-for-properties-that-are-companys-assets-for-less-than-2-years/ https://www.muhasebenews.com/en/what-is-the-vat-rate-for-properties-that-are-companys-assets-for-less-than-2-years/#respond Mon, 11 Mar 2019 14:36:41 +0000 https://www.muhasebenews.com/?p=50900 What is the VAT rate for the properties that are registered as a residence to the company’s assets?

The VAT rates for the selling of properties that are the company’s assets until 31.03.2019 are;

1% if the property is under 150 square meters,
8% if the property is over 150 square meters.

 

 

 

 

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/what-is-the-vat-rate-for-properties-that-are-companys-assets-for-less-than-2-years/feed/ 0 Can we declare the VAT added amount on the service invoice from Microsoft with VAT declaration number 2? https://www.muhasebenews.com/en/can-we-declare-the-vat-added-amount-on-the-service-invoice-from-microsoft-with-vat-declaration-number-2/ https://www.muhasebenews.com/en/can-we-declare-the-vat-added-amount-on-the-service-invoice-from-microsoft-with-vat-declaration-number-2/#respond Tue, 25 Dec 2018 11:30:34 +0000 https://www.muhasebenews.com/?p=42395 …We receive service invoice from Microsoft every month and we declare that invoice on the VAT declaration no 2. 18% VAT was written on the invoice and that amount was withdrawn from our credit card in November and December, 2018. Are there any amendments to the legislation? In this case, I suppose I have to not give VAT declaration number 2 as the VAT was paid to the company.
(18.12.2018)

 

It is not possible to also give a VAT declaration number 2 for an invoice that includes VAT. If the buyer who drew up the invoice is a taxpayer in Turkey, he will certainly make out an invoice that incudes VAT.

 

 

 

 

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/can-we-declare-the-vat-added-amount-on-the-service-invoice-from-microsoft-with-vat-declaration-number-2/feed/ 0 Those who attain services From Abroad Be Careful about Value Added Tax Number 2!!! https://www.muhasebenews.com/en/those-who-attain-services-from-abroad-be-careful-about-value-added-tax-number-2/ https://www.muhasebenews.com/en/those-who-attain-services-from-abroad-be-careful-about-value-added-tax-number-2/#respond Tue, 13 Feb 2018 10:40:35 +0000 https://www.muhasebenews.com/?p=26740 1- Those who attain services from abroad need to be careful about value added tax number 2!

If those who are not responsible for paying tax in Turkey are attaining services from abroad and benefiting from it, have to pay value-added tax. (Tax Declaration Number 2)

2- Vat Return Number 2 contains Purchased Software, too
Let us explain with an exemplum; Let say Özkan AKIN A.Ş located in Turkey purchased a software program from a company located in abroad and downloaded the program.  The foreign company sent the bill via email. Bill cost is 1.000 Turkish Lira. (260 USD)
Özkan AKIN A.Ş is supposed to pay 180 Turkish Lira Value Added Tax with the proclamation of Tax Declaration Number 2.
Özkan AKIN A.Ş will demand a discount in the tax declaration number 1.
In a nutshell, the company has to pay it cash, and after that, they will get the discount they demand in the regular tax.

3- Attention is asked for the situation in which service is benefited in domestic.
In contrast to what mentioned above, If a company İn Turkey does not use the service purchased from abroad, it does not have to declare and pay value added tax with the proclamation of Tax Declaration Number 2.

Exemplum: Özkan AKIN A.Ş. purchased the service of finding a customer in abroad from a brokerage firm in Slovenia, after that service, it paid 50.000 EURO.  Thanks to this brokerage, there has been a 500.000 EURO import to Australia.

The company attained brokerage service does not have to pay value-added tax.

4- IN WHICH CIRCUMSTANCE THE COMPANY HAS TO PAY VALUE ADDED TAX?In the case of operations are being done in Turkey.
Commodities are in Turkey in the process of purchasing means services are being taken and benefited in Turkey.
If services are benefited in abroad, one does not have to pay value-added tax.

Source: Article Number 3065 Value Added Tax

 

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