loss of tax – Muhasebe News https://www.muhasebenews.com Muhasebe News Mon, 16 Sep 2019 07:46:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 What action is taken if R&D Support and incentive requirements are violated or if incentives are misused in Turkey? https://www.muhasebenews.com/en/what-action-is-taken-if-rd-support-and-incentive-requirements-are-violated-or-if-incentives-are-misused-in-turkey/ https://www.muhasebenews.com/en/what-action-is-taken-if-rd-support-and-incentive-requirements-are-violated-or-if-incentives-are-misused-in-turkey/#respond Mon, 16 Sep 2019 10:00:43 +0000 https://www.muhasebenews.com/?p=67077 What action is taken if R&D Support and incentive requirements are violated or if incentives are misused?

In case of violation of the provisions of the Law or the misuse of support and incentives, loss of tax is deemed to have come about in terms of unaccrued taxes on time and loss of taxes are collected together with the delay interest and tax loss penalty. The non-tax supports provided shall be collected by applying the delay interest in accordance with the provisions of the Law No. 6183 on the Collection Procedure of Public Receivables, in Turkey.

Source: GİB
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.

]]> https://www.muhasebenews.com/en/what-action-is-taken-if-rd-support-and-incentive-requirements-are-violated-or-if-incentives-are-misused-in-turkey/feed/ 0 What Kind of Procedures Should be Followed If the Support and Promotion Conditions are Violated or the Promotions are Misused? https://www.muhasebenews.com/en/what-kind-of-procedures-should-be-followed-if-the-support-and-promotion-conditions-are-violated-or-the-promotions-are-misused/ https://www.muhasebenews.com/en/what-kind-of-procedures-should-be-followed-if-the-support-and-promotion-conditions-are-violated-or-the-promotions-are-misused/#respond Mon, 30 Apr 2018 12:00:23 +0000 https://www.muhasebenews.com/?p=14294 If the laws are violated or support and promotion conditions are misused,
1- there will be loss of tax for the taxes that are not accrued on time,
2- the late fee (because of the loss of tax),
3- and the loss of tax should be paid.

Tax-free supports should be collected by applying late fee and in line with the law on collection procedure of assets numbered 6183.

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.

]]> https://www.muhasebenews.com/en/what-kind-of-procedures-should-be-followed-if-the-support-and-promotion-conditions-are-violated-or-the-promotions-are-misused/feed/ 0