The services provided for the purpose of helping petrol searching operations in the scope of self-employment operations, and will be accepted as the self-employment payment.
Wıthin this frame, mentioned self-employed operation;
1- If  the operation is carried out on the condition that the operation has a Turkish branch or perpetual representative, payments will not be liable to tax and the acquisitions will be evaluated within the frame of local rules

2- According to the decision of parliamentary mandate, article number 30/1-b and Corporate Tax Law, if the operation is carried out on the condition that the operation doesn’t have a Turkish branch or perpetual representative, or still have a Turkish branch or perpetual representative, %5 cut has to be imposed.

On the other hand, if there is an agreement on double taxation between Turkey and the self-employed corporate located in Abroad, the provisions of this agreement will be taken into consideration.

Source: Corporate Tax Law

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.

1- When will limited tax payers be exempt from Income Tax?

Limited tax payers are exempt from income tax when they have income from the exhibition and fair and kermes with the by courtesy of government.

2- HOW EXEMPTION IS IMPLEMENTED ON YOUNG ENTREPRENEURS?

2.1- In the article number 6663 of Tax Law, tax payers who are younger than 29 years old, their 75.000 amount income attained through the 3 taxation period in the calendar, will be exempt from the income tax.

2.2- Exemption can be benefited from the date of 10th February 2016, by the ones who are suitable for the provisions of the article number 6663. Consequently, the taxpayers who begin working before that specific day, have the opportunity to benefit from this exemption.

2.3- Exemption will be implemented on the amount of 75.000 in each and every taxation period, and in the case of having income less than decided exemption amount, next year will be the year tax payers can benefit from the exemption.

*** Detailed explanations regarding the tax exemption of young entrepreneurs, can be found in İncome Tax Notification serial number 292.

Source: Income Tax Law

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.