Return on sales – Muhasebe News https://www.muhasebenews.com Muhasebe News Sat, 01 Dec 2018 09:24:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 What is the Procedure of Taxation of Return on Sales of Immovable Properties in Turkey? https://www.muhasebenews.com/en/what-is-the-procedure-of-taxation-of-return-on-sales-of-immovable-properties-in-turkey/ https://www.muhasebenews.com/en/what-is-the-procedure-of-taxation-of-return-on-sales-of-immovable-properties-in-turkey/#respond Sat, 01 Dec 2018 18:00:01 +0000 https://www.muhasebenews.com/?p=12432 1-WHAT IS THE PROCEDURE OF TAXATION OF RETURN ON SALES OF IMMOVABLE PROPERTIES, IF A COMPANY HAS AN OFFICE IN TURKEY?
If an overseas company has an office or a permanent representative in Turkey in compliance with Tax Procedure Law, the profits made from the return on sales of immovable properties should be regarded as commercial income.

2- WHAT IS THE PROCEDURE OF TAXATION OF RETURN ON SALES OF IMMOVABLE PROPERTIES,  IF A COMPANY HASN’T GOT ANY OFFICES IN TURKEY?
If an overseas company (limited taxpayer) hasn’t got any offices or permanent representatives in Turkey in accordance with Tax Procedure Law, the profits made from the sales of immovable properties within 5 years from the date of acquisition should be taxed within the scope of other income and earnings.

3- IF AN OVERSEAS COMPANY MAKES PROFIT THAT IS SUBJECT TO TAX FROM IMMOVABLE PROPERTIES, WHERE AND HOW SHOULD IT MAKE THE EARNING NOTICE?  
If an overseas company (limited taxpayer) makes profit that is subject to tax from immovable properties, the person, who represents the company in Turkey, should make the notice in a tax office stated in article 101 of the Tax Procedure Law within 15 days from the date of acquisition.

*** The exception concerning to the earnings within the scope of article 80 of Income Tax Law shouldn’t be applied to above-mentioned incomes of companies that are limited taxpayers.

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-is-the-procedure-of-taxation-of-return-on-sales-of-immovable-properties-in-turkey/feed/ 0 Is It Compulsory to File Income Tax Return for Stock Market Earnings? https://www.muhasebenews.com/en/is-it-compulsory-to-file-income-tax-return-for-stock-market-earnings/ https://www.muhasebenews.com/en/is-it-compulsory-to-file-income-tax-return-for-stock-market-earnings/#respond Fri, 27 Apr 2018 16:00:01 +0000 https://www.muhasebenews.com/?p=11117 IS IT COMPULSORY TO FILE INCOME TAX RETURN FOR STOCK MARKET EARNINGS?

No. Stock market earnings are not subject to income tax.

The earnings, acquired by selling stock exchange securities off, are not subject to income tax no matter what they cost.

Return on sales and purchase of stock exchange securities will not be declared (holding period will not be taken into consideration).

Withholding rate of those earnings is zero; as a result of that, there will be no deduction in the fund, as well.

Withholding rate through return on sales and purchase of stock exchange was determined as 0% (zero percent) in 14.11.2008; so its tax burden was removed.

Source: Revenue Administration

Date: 21 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.

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