An expense note is not issued for the amount paid to the voice actor within the scope of copyright. This voice actor is obliged to employ as a self-employed person and issue a self-employment receipt.

Source: İSMMMO
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- The ones making money out of trade,
2- Self Employed people,
3- Corporate tax payers have to pay advance tax.

Ordinary partnerships, collective companies, limited companies; companies are not liable to tax, since they are not liable to corporate or income tax.

Only the earnings of the partners of ordinary partnerships or collective companies are liable to tax.

Who cannot declare advance tax?
1- If the corporate taxpayers of companies are in the process of liquidation,
2- Income tax payers on the basis of simple entry
3- The ones who make restoration and construction,
4- The ones who have income
5- The ones who have real estate property
6- The ones who have income from agriculture,
7- The ones who have other incomes
8-  Self-employed people whose earnings are exempt from tax and the taxpayers who are notaries do not have liability to advance tax.

However, if the ones, who are not liable to advance tax, have an earning coming from another way, have the liability to advance tax.

What is Advance Tax Rates?
For the income taxpayers, tax will be imposed on %15 and
Fort the corporate taxpayers, tax will be imposed on %20.

How is advance tax calculated?
1- For the income tax payers, advance tax will be calculated within the calculation period of three months as %15 on the basis of income.
2- For the corporate tax payers, advance tax will be calculated within the calculation period of three months as %20 on the basis of income.

Paid tax in the same period will be declared if it exists. The rest will be calculated as the advance tax.

Is there any discount or exemptions while calculating advance tax?
Tax payers are able to benefit from discount or exemptions during the calculation period of advance tax.

What will be done if advance tax is not declared properly?
If more than %10 of advance tax is not declared properly, penalty and default interest will be imposed. %10 margins of error have to be declared over tax assessment.

How will default interest be calculated, if advance tax is not paid on time?
Declared but unpaid advance tax will be detected, and default interest will be imposed on the date of declaration.

Is unpaid advance tax be collected from income or corporate tax declared annually?
It is not possible to collect advance tax from income or corporate tax declared annually.

Is it possible to collect unpaid advance tax from the advance tax to be calculated in in the following declaration period?
It is possible to collect unpaid advance tax from the advance tax to be calculated in the following declaration period.

Advance tax will be collected from the income or corporate tax calculated annually.

What will be done for the declared but unpaid tax?
Advance tax amount, declared over 3 months earnings and unpaid and calculated over annual tax declaration, will be deleted.

Default interest will be imposed on declared but unpaid and deleted advance tax. (for the income tax payers 1st March, and for the corporate tax payers 1st April )

Is it possible to discount paid social security organization for artisans and the self-employed premiums on advance tax declaration?
Social security organization for artisans and the self-employed d premiums will be discounted in a limited way if the payment can be detected.

On the condition of not having an earning from the declaration made annually or having not enough earning, paid self-employed premiums will be discounted over income tax payers’ earning and the rest will also be discounted.

Self-Employed Premiums will be show on the declaration as “other payment”.

When are the declaration and payment terms for advance tax?

How will advance tax be imposed on employers who has quit their job, or newly started to work?
Taxpayers, who have started working, will also start to pay tax from the declaration period in which they start working.

On the condition of quitting her/his job, there will not be a tax declaration anymore.

The companies which are on the liquidation process will pay tax after their liquidation process started and after that period they will not give advance tax declaration.

Do construction companies give advance tax declaration?
Each and every company has to give advance tax declaration except for the construction and reconstruction companies.

According to the balance sheet is it possible to exempt the income and corporate taxpayers who keep records from tax?
In the calculation of advance tax assessment and income tax detection, last years’ loss will be taken into consideration.

Source: Revenue Administration
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.

2-Which earnings are included in the scope of advance tax?
2.1-In real taxation system, taxpayers who are
2.1.1-The owners of commercial earning
2.1.2-Self-employed
2.1.3-Corporate Taxpayers
have to pay advance tax to be offset against income and corporate tax of the current taxation period.

2.2- Due to the fact that they are not taxpayers of income and corporate tax,
2.2.1- Ordinary partnerships
2.1.2- Self-employed
2.2.3- Limited partnerships are not provisional taxpayers.

***However, the earnings of the partners in ordinary partnerships and in copartner ships and the partners in limited partnerships are subject to advance tax.

3-Who are not subject to advance tax?
3.1- Corporate taxpayer in liquidation in liquidation period
3.2- Income taxpayers being subject to simple basis of assessment
3.3- People who work in construction and repair
3.4- Wage earners
3.5- People earning on movable assets
3.6- Real property income earner
3.7- Income earner from agriculture
3.8- The other earners
3.9- Self-employed whose earnings are exempted from tax
3.10- People who fulfil notary-ship are not subject to advance tax.

*** On the other hand, people who are not subject to advance tax are supposed to pay advance tax when they earn due to commercial and professional incomes except the earnings from some business stated above.

4-How can a profit be made through advance tax?
4.1- First of all, the taxpayers will determine the advance tax profit of the period by basing on 3, 6, 9 and 12-month financial statement of the related financial year according to the provision of the reiterated article 120 of Income Tax Law.
4.2- It is highly essential to take note of provisions about assessing the Tax Procedure Law and to observe the periodicity concept while determining the gain on taxation.

5- What is the ratio of advance tax for the income taxpayers and the corporate taxpayers?
Advance tax is applied as follows;
5.1- 15 % stated in the first percentile of the income tax tariff for income taxpayers
5.2- 20% for the corporate taxpayers

6- How can advance tax be calculated?
6.1- For income taxpayers,
6.1.1- Advance tax is calculated by applying the ratio of 15 % stated in the first percentile of the income tax tariff to the financial year (related to the advance tax) of the quarterly income.

6.2- For corporate taxpayers,
6.2.1- Advance tax is applied as 20 % through net corporation profit.

*** The taxes that are paid by means of deduction in terms of the incomes being subject to advance tax and the advance tax that has been paid previously in terms of the same financial period must be offset against the calculated advance tax and then the balance after the offset should be declared as current advance tax.

7- Which exceptions and rebates are taken into consideration when making out a provisional tax return?
The taxpayers may take advantage of all exceptions and rebates which they take into consideration in corporate tax return during the determination of taxes being subject to advance tax.

8-What if the advance tax was under declared?
In case that more than 10 % of the advance tax related to the previous period is under declared, tax penalty for loss of tax and delay penalty will be applied to ex officio tax calculation and additional assessment that are made for that under declared part. The margin of error (10 %) should be calculated through the advance tax base that should have been declared (not through the advance tax base that has been declared already).

9- In case of not paying the advance tax, should the late fee be imposed?
The amount of advance tax that cannot be set-off through the tax calculated over annual return will be cancelled, because it is accrued but not paid. There will be imposed a late fee from the due date to the starting date (when it is supposed to be cancelled) of legal period when the annual return is submitted for the cancelled advance tax.

10- Can the delinquent advance tax be set-off against income tax calculated through annual return?
The advance tax, which is accrued but not paid, cannot be set-off against income taxes or corporate taxes calculated through annual return. It is obligatory to pay the accrued advance tax for offsetting.

11- Can the delinquent advance tax be set-off against the declaration submitted in the next period?
The delinquent advance tax may be set-off against the declaration submitted in the next period within the year and it is not obligatory to pay. Nevertheless, it is obligatory to pay when the advance tax is set-off against annual return. The advance tax (paid in due date) in respect of related accounting period can be set-off against income or corporate taxes calculated through annual return.

12- What should be done with the advance tax accrued but not paid?
The advance tax accrued through three months’ income (but it is not possible to set off against the tax calculated through annual return because it is not paid) will be cancelled. However, a late fee is imposed on cancelled advance tax from the due date to the date of cancellation (1 March for the income taxpayers, 1 April for the corporate taxpayers).

13- Can the social security organization for artisans and the self-employed primes be deducted in provisional tax return?
The social security organization for artisans and the self-employed primes can be deducted as limited to earnings. In case that the earnings submitted in the declaration are inadequate or not submitted, the part of the amount of input deduction deducted in the period of advance tax and primes from which can be benefited according to the annual return can be reduced from the income submitted by the income tax payers and the rest will not be subject to discount. The social security organization for artisans and the self-employed primes are presented in the column called ‘’Other Discounts’’ in the declaration.

14- What are the periods of advance tax? When are they submitted and paid?Source: Revenue Administration
Date: 31 January 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.

House rents which cost less than 500 TL can be paid cash if it is wished. That obligation is applied separately to each house rent. Such as, if you have rental income from 10 different houses and the rent of 5 houses is 450 TL for each. So, if you wish, you may collect them in cash.

2- Since When Has This Rule Been Applied?
This rule has been applied as of the date of 01 November 2008.

3- How Can I pay it Except from Bank?
The collection of revenues and payments can be made via BANK or PTT as of the date of 1.11.2008.

4- Is There Any Rent Which is not paid via Bank?
The rents which are not supposed to be paid via bank are listed below:
4.1- Housing rents valuing at less than 500 TL,
4.2- Collection of revenues from house and office rents by means of execution and court,
4.3- On the other hand, rental payments in kind are also not within the scope of this obligation.

5- I Didn’t Pay the Rent via Bank! What is the Penalty?
The penalty for not obeying this rule shouldn’t be less than the amount stated below and it should be 5% of the amount applied to each transaction. The minimum amounts of penalties are listed below according to their obligation type.
5.1- 1.370 TL for the first class merchants and self-employed.
(Bookkeepers on the basis of balance and bookkeepers for self-employment income)
5.2- 690 TL for second-class merchants, farmers who are bookkeepers and people whose earnings are based on simple basis. (Operating Ledger, Simple Entry)
5.3- 340 TL for people apart from these. (People who do not have perpetual tax obligation, Housewives, Retiree, Officer, Worker etc.)

Each transaction will be fined separately. That means if the rent should be paid via bank but not paid; the leaser and the leaseholder will be fined separately for 4 months.

Source: 1- Official Gazette Dated 29.7.2008 and Numbered 26951- General Communiqué on Income Tax Numbered 268
2- Tax Procedure Law-Duplicated Entry Numbered 355

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- What is self-employed invoice?

Self-employed invoice is that self-employed is supposed to issue two copy of self-employed invoice regrading all the operations related to the profession and to give one copy of it to the customer and the other to himself.

2- Who issues self-employed invoice?

Tax Professional, sworn financial advisor, doctor, lawyer, architect and consultants, in a nutshell, the taxpayers who are responsible for tax because of their vocational information, is supposed to issue invoice.

3– What are the amounts in self-employed invoice?

It has to cover gross salary, income tax deductions, net salary and vat and net amount to be paid.

4- How self-employed invoice is calculated?

Tax Professional, sworn financial advisor, doctor, lawyer, architect and consultants will issue the invoice as follows:

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.