Corporate Tax Exemption – Muhasebe News https://www.muhasebenews.com Muhasebe News Thu, 25 May 2017 14:23:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 According to Corporate Tax Law, Is There an Exemption for the Income Received by the Sale of a Building Built on a Ground that has been held in a Company’s Active Account More Than 2 Years? https://www.muhasebenews.com/en/according-to-corporate-tax-law-is-there-an-exemption-for-the-income-received-by-the-sale-of-a-building-built-on-a-ground-that-has-been-held-in-a-companys-active-account-more-than-2-years/ https://www.muhasebenews.com/en/according-to-corporate-tax-law-is-there-an-exemption-for-the-income-received-by-the-sale-of-a-building-built-on-a-ground-that-has-been-held-in-a-companys-active-account-more-than-2-years/#respond Thu, 25 May 2017 14:25:26 +0000 https://www.muhasebenews.com/?p=14529 ACCORDING TO CORPORATE TAX LAW, IS IT POSSIBLE TO TAKE ADVANTAGE OF THE SALES EXCEPTION IN THE EVENT OF THE SALE OF A (INCOMPLETE) BUILDING BUILT ON A GROUND THAT HAS BEEN HELD IN A COMPANY’S ACTIVE ACCOUNT MORE THAN TWO YEARS?
In case of the sale of building construction built on a ground, which has been held in a company’s active account more than 2 years, before having been completed;
1- 75% of the income gained by the sale of the ground will be subject to Corporate Tax Exemption,
2- The income gained by the sale of a building under construction will not be subject to exemption.

Source: Corporate Tax Law

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