should – Muhasebe News

Should we include or exclude the VAT when drawing out an invoice for exchange difference?

MuhasebeNews — Fri, 29 Mar 2019 15:30:21 +0000

My question is about invoices for exchange differences that occur when the prices of foreign exchange invoices of domestic sales are collected. Should we calculate the VAT by including it or additionally?

Exchange difference + VAT is calculated. The calculation is not made by including the VAT.

Example :
Exchange difference      : TRY 1.000
VAT – %18                          : TRY 180
General Total                   : TRY 1.180

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.

Should we include the spendings made until the storage of the goods to the cost account?

MuhasebeNews — Tue, 26 Feb 2019 13:33:54 +0000

There are additional payments for the commercial goods we bought, such as the loading, shipping, discharge, insurance of these goods.
Should we include these payments in the cost of these goods?

In accordance with Article 274 of Law on Tax Procedure, the goods will increase in value through the cost price. According to this Provision, the transportation expenses for the goods (to the workplace/ storage/store) must be included in the costs of the goods.

On which account should we follow the profit and loss of stock exchange securities

MuhasebeNews — Tue, 26 Feb 2019 12:47:17 +0000

Is a company who holds the earnings of the stock exchange securities subject to Corporate Tax?

Dividend incomes are followed on the 641 Account. They are transferred to 690 Accounts at the end of each term. If there is a tax deducted at source due to the earnings, it is set off from the calculated corporate tax.

Which date should we consider when declaring the withholding statement for Google ads?

MuhasebeNews — Mon, 25 Feb 2019 13:15:53 +0000

When are we required to declare the 15% withholding we pay to Google, Facebook, Twitter and etc. for the ads? On the date of the invoice or the date of the payment?

The date of the invoice must be considered.

Should we include employee’s off days when calculating the severance pay?

MuhasebeNews — Wed, 06 Feb 2019 13:49:48 +0000

Should we include an employee’s off days when calculating the severance and notice pay? For example, an employee who has been working in the office takes maternity leave for 112 days. She then takes unpaid leave for 6 months. Should we calculate the actual service period of 4 months or the total period including the off days?

Within this regard, apart from the other unpaid leaves, if s/he takes an unpaid leave again, the payments won’t be divided into 365 to find the daily amount of the nonwage payments (e.g bonus, premium.) The provision ‘’…the period during which the employment contract is suspended should not be included in the severance period. For example, the period of unpaid leave is not taken into consideration in terms of the base period…’’ takes place in the Decisions of Supreme Court 9th Chamber [5].

On which date should we enter the invoice made out on 2018 of an export scheduled in 2019?

MuhasebeNews — Thu, 17 Jan 2019 13:53:01 +0000

We have an export business in 2018. Customs clearance of this export will be in 2019. Which date should I enter this invoice?

2- As I’m liable for E-fatura and E-defter, will I have a problem in 2019?

1- 2019

2- We think there will be no problem.

How should I register the scrapping bonus on the invoice of a new passanger car?

MuhasebeNews — Thu, 27 Dec 2018 13:37:22 +0000

My taxpayer bought a new passanger car. They drew out an invoice by counting the VAT and Special Consumption Tax (SCT). However, ‘’…your junk car with plate received the SCT discount and the SCT won’t be applied’’ is stated on the invoice. We don’t own such a ‘junk’ car, so how should I keep the accounting record?

If you don’t own a junk car, TRY 10.000 shall be reduced from the calculated SCT and then rest of the amount shall be written as expense.

How many days after the service should an invoice be issued?

MuhasebeNews — Wed, 05 Dec 2018 10:00:34 +0000

I’ve been managing an office since 2012 as an INDEPENDENT BUSINESS. As you know, RECEIPT BASIS is valid for self-employment, so I’m writing self- employment receipts when I get my payments. But I’m thinking of turning into a Limited Company soon. In this case, am I required to draw up an invoice within 7 days for the payments that are not made? Or is it still okay if I invoice them when the payment is made? If I’m required to do so now, I have to pay tax for the payments I haven’t received…

As you know for commercial earnings, tax occurs through Accrual.

In accordance with Tax Procedure Law Article 231/5, Service bill is issued within 7 days. (7 days are calculated according to date specified for the receipt in the contract.)