Professional services – Muhasebe News https://www.muhasebenews.com Muhasebe News Tue, 17 Apr 2018 10:12:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Income Tax Exemption in Exhibitions and Kermises! https://www.muhasebenews.com/en/income-tax-exemption-in-exhibitions-and-kermises/ https://www.muhasebenews.com/en/income-tax-exemption-in-exhibitions-and-kermises/#respond Fri, 27 Apr 2018 08:00:31 +0000 https://www.muhasebenews.com/?p=11066 1-WHO ARE SUBJECT TO INCOME TAX EXEMPTION IN EXHIBITIONS AND KERMISES ACCORDING TO INCOME TAX LAW?
That exemption is applied to the limited taxpayers on condition that there shouldn’t be any other agencies and resident representatives in Turkey.

2- WHICH INCOMES ARE SUBJECT TO EXHIBITION AND KERMIS EXEMPTION?
People who are regarded as Limited taxpayers;
2.1- Incomes acquired by commercial activities in exhibitions and kermises organized with the permission of the government,
2.2- Incomes acquired from professional services offered in these exhibitions and kermises are exempted from Income Tax.

Source: Income Tax Law

Date: 20 March 2017

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/income-tax-exemption-in-exhibitions-and-kermises/feed/ 0 The Payments Made Because of Finding a Customer from Limited Taxpayer Companies and Marketing Related to Products and Services that are Exported Abroad in Turkey! https://www.muhasebenews.com/en/the-payments-made-because-of-finding-a-customer-from-limited-taxpayer-companies-and-marketing-related-to-products-and-services-that-are-exported-abroad-in-turkey/ https://www.muhasebenews.com/en/the-payments-made-because-of-finding-a-customer-from-limited-taxpayer-companies-and-marketing-related-to-products-and-services-that-are-exported-abroad-in-turkey/#respond Fri, 31 Mar 2017 08:22:23 +0000 https://www.muhasebenews.com/?p=12462 If the activities of a foreign company which provide services related to products and services exported abroad consist of getting a commission through finding customers and the cost of products, this activity should be considered as a commercial activity. Additionally, there will be no tax cut in line with article 30 of the Corporate Tax Law numbered 5520.

If abovementioned activities are
1- Overseas marketing research,
2- Advertising of the products,
3- Marketing and management services
and they exceed the limits of pure brokerage services, these services will be regarded as professional services and there will be tax cut in the ratio of 20% in line with article 30/1-b of Corporate Tax Law and Cabinet Decision numbered 2009/14593.

On the other hand, provisions of double taxation agreement related to professional services 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.

]]> https://www.muhasebenews.com/en/the-payments-made-because-of-finding-a-customer-from-limited-taxpayer-companies-and-marketing-related-to-products-and-services-that-are-exported-abroad-in-turkey/feed/ 0