Establishment – Muhasebe News

What are the Tax, Duty and Fees Exemptions in Providing Credits in Turkey?

MuhasebeNews — Sat, 01 Dec 2018 18:00:05 +0000

Papers constructed for acquiring, guarantees, re-payment of credits, which will be used by Banks, credit enterprises abroad and international associations, and the signs over these papers (Except usage of credits) are exempt from stamp duty. (Stamp Tax Law Table number IV- 23)

Also;

Transactions caused by establishment, merging, assignation, capital raise, splitting off and type alteration of joint stock, shared commandite and limited companies and transactions related to providing, guarantees, re-payment and bonds of credits which are given by banks, overseas credit organizations and international institutions shall not be subjected to duties (except trial duties). (Duties Law a.123)

The transfer of movables, immovable and intangible assets to the leasing firm and the re-transfer of these assets by the leasing firm to the assignor firm and the mortgage transactions related to these transfers are exempt from duties.

The exemptions regarding the duties shall not be applied to the “duty of exploration” which is one of the “Judiciary duties” and to the “Seizure, delivery and selling duty” which is one of the “enforcement and bankruptcy duties”. (Duties Law a.123)

Source: Revenue Administration

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How Many Companies were Established or Liquidated in May 2016- May 2017 in Turkey?

MuhasebeNews — Sat, 30 Sep 2017 09:00:38 +0000

The table below shows the companies that were established or liquidated in May 2016 and May 2017 on the basis of provinces in Turkey.

Source: The Union of Chambers and Commodity Exchanges of Turkey

Which Labor Relations are not subjected to Provisions of Labor Law in Turkey?

MuhasebeNews — Fri, 09 Jun 2017 07:38:46 +0000

Work and labor relations listed below are not subjected to provisions of Labor Law;
1- Household works
2- Every kind of building operations related to agriculture within the borders of family economy
3- Sea and air transport,
4- Establishments and work places related to agriculture and forestry where 50 or less than 50 workers are employed
5- About apprentices on condition that occupational health and safety provisions are reserved
6- Sportsmen/sportswomen
7- In workplaces where 3 workers are employed in line with article 2 of the Merchants and Craftsmen numbered 507
8- Handicrafts works done at home between a family’s members and second and third degree relatives without employing anyone out of family/relatives
9- People who are rehabilitated

How Many Companies were Established or Liquidated in March 2016- March 2017 in Turkey?

MuhasebeNews — Thu, 27 Apr 2017 13:58:01 +0000

The table below shows the companies that were established or liquidated in March 2016 and March 2017 on the basis of provinces in Turkey.

Source: Turkish Union of Chambers and Commodity Exchanges

The Number of Company Establishment Decreased 10% in 2017!

MuhasebeNews — Tue, 21 Mar 2017 07:18:47 +0000

1- COMPARISON BETWEEN JANUARY 2017 AND FEBRUARY 2017
  1.1- COMPANY Establishment – Liquidation
      – The number of company establishment decreased 10,61%.
      – The number of company liquidation decreased 60,50%,

1.2- REAL PERSON BUSINESS ORGANIZATION Establishment – Liquidation
– The number of real person business organization establishment decreased 25,41%,
– The number of real person business organization liquidation decreased 35,86%

1.3- COOPERATIVE Establishment – Liquidation
– The number of cooperative establishment increased 1,54%,
– The number of cooperative liquidation decreased 75,12%

2- COMPARISON BETWEEN FEBRUARY 2017 AND FEBRUARY 2016
2.1- COMPANY Establishment – Liquidation
– The number of company establishment decreased 11,87%,
– The number of company liquidation decreased 2,43%,

2.2- REAL PERSON BUSINESS ORGANIZATION Establishment – Liquidation
– The number of real person business organization establishment decreased 1,88%,
– The number of real person business organization liquidation decreased 9,92%

2.3- COOPERATIVE Establishment – Liquidation
– The number of cooperative establishment increased 3,13% ,
– The number of cooperative liquidation decreased 38,37%

3- COMPARISON BETWEEN BIMONTHLY PERIOD (JANUARY-FEBRUARY) IN 2017 AND BIMONTHLY PERIOD (JANUARY-FEBRUARY) IN 2016
3.1- COMPANY Establishment – Liquidation
– The number of company establishment decreased 10,45%,
– The number of company liquidation decreased 0,19%,

3.2- REAL PERSON BUSINESS ORGANIZATION Establishment – Liquidation
– The number of real person business organization establishment increased 3,45%,
– The number of real person business organization liquidation decreased 1,04%,

3.3- COOPERATIVE Establishment – Liquidation
– The number of cooperative establishment increased 6,50%,
– The number of cooperative liquidation decreased 23,78%.

Source: Turkish Union of Chambers and Commodity Exchanges

Date: 21 March 2017