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Exception on Earnings Received from Construction, Repair, Fitter’s Work and Technical...

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In accordance with sub clause (h) of the first clause of article 5 titled “Exceptions” of the law, there is a provision that the...

What Is Advance Tax?

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1-What is advance tax? It is a prepaid direct tax that is calculated on the basis of quarterly earnings against the income and corporate tax...

How Much of Donations and Charities Can Be Deducted From Tax?

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Donations and Charities that can be deducted from tax providing that they are stated in Corporate Tax Return; – 5 % of the net profit...

If You Have a Ship, You Will Not Subject to VAT!

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There are a lot of tax exemptions and exceptions in order to develop Turkish Maritime Sector and Fleet. Income tax, corporation tax, stamp tax, fees...

Is It Possible For A Firm To Deduct The Loss From...

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Yes. The firms can deduct their losses from their profit for the next 5 years. In line with the provisions of article 9 titled ‘’Loss...