What is the Corporate Tax Ratio of Merged Producing SMEs in Turkey?

MuhasebeNews — Tue, 23 May 2017 09:06:16 +0000

1- WHAT IS THE CORPORATE TAX RATIO?
Corporate tax ratio is 20% over company’s income.

2- WHO PAYS ADDITIONAL TAX AND FOR WHAT IS IT PAID?
Corporate taxpayers pay advance tax (limited in limited taxpayers with commercial incomes and incomes from agriculture)
2.1- In order to set off corporate tax of current taxation period
2.2- According to provisions stated in Corporate Tax Law,
2.3- In the ratio of corporate tax of current period.

The provisions applied to legally obligated institutions are also valid for limited taxpayers.

3- WHAT IS THE CORPORATE TAX RATIO OF MERGED PRODUCING SMES?
Council of Ministers has an authority to apply 75% discount for Corporate Tax on;
3.1- The incomes gained exclusively from productive activities in financial period ending at the date of merging and
3.2- Income gained from productive activities including the merging company’s financial period (when the merger takes place) of the small-and medium-scaled enterprises, dealing with containing and virtual productive activities for merging industrial registry certificate within the scope of article 19 of the Corporate Tax Law. Furthermore, it has authority to differentiate this discount ratio separately or together in respect for sectors, business branches, productivity areas, regions and financial periods or for institutions producing medium and high technology products or manufacturer and exporter. Additionally, the Ministry of Finance has an authority to determine rules and procedures related to enforcement of this sub clause.

Source: Corporate Tax Law

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What are the Conditions of Making Export Registered Delivery According to Value Added Tax Act?

MuhasebeNews — Wed, 22 Mar 2017 14:17:24 +0000

WHAT ARE THE CONDITIONS OF MAING EXPORT REGISTERED DELIVERY? WHO ARE REGARDED AS MANUFACTURER
One needs manufacturer qualification in order to make export registered delivery.
A manufacturer needs;
1- to have one of industrial registry certificate or farmer registry certificate taken from Ministry of Food, Agriculture and Livestock, food premises registry certificate and operation permit (these documents will be mentioned as “manufacturer’s certificate” in the next chapters).
2- To register related professional chamber.

Source: Value Added Tax Act

industrial registry certificate – Muhasebe News

What is the Corporate Tax Ratio of Merged Producing SMEs in Turkey?

What are the Conditions of Making Export Registered Delivery According to Value Added Tax Act?