tax base – Muhasebe News https://www.muhasebenews.com Muhasebe News Tue, 17 Mar 2020 11:13:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 How do we notify the amount of the freight cost stated in the customs declaration, in form B? (In Turkey) https://www.muhasebenews.com/en/how-do-we-notify-the-amount-of-the-freight-cost-stated-in-the-customs-declaration-in-form-b-in-turkey/ https://www.muhasebenews.com/en/how-do-we-notify-the-amount-of-the-freight-cost-stated-in-the-customs-declaration-in-form-b-in-turkey/#respond Tue, 17 Mar 2020 12:00:47 +0000 https://www.muhasebenews.com/?p=79958 In the import declaration related to our import from Poland in 2019/November, the freight cost included in the VAT base is EUR 2,000. Apart from this company, another company invoiced us in this amount, and we paid the freight cost in cash. However, when we convert the invoice to TL, it equals to 12.863,60 TL.

Will we add the company that invoices the freight cost in the form for Purchase of Goods and Services or will we declare on the VAT base of the company that sent the goods, in the customs declaration form or will we declare on our form for Purchase of Goods and Services?

You need to write the information of the company issuing the freight invoice.

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.

]]> https://www.muhasebenews.com/en/how-do-we-notify-the-amount-of-the-freight-cost-stated-in-the-customs-declaration-in-form-b-in-turkey/feed/ 0 How will companies that increase their tax base within the scope of Law No. 7143 and 6736 use losses of the previous period? https://www.muhasebenews.com/en/how-will-companies-that-increase-their-tax-base-within-the-scope-of-law-no-7143-and-6736-use-losses-of-the-previous-period/ https://www.muhasebenews.com/en/how-will-companies-that-increase-their-tax-base-within-the-scope-of-law-no-7143-and-6736-use-losses-of-the-previous-period/#respond Tue, 28 Jan 2020 12:00:10 +0000 https://www.muhasebenews.com/?p=76473 How will companies that increase their tax base within the scope of Law No. 7143 and 6736 use losses of the previous period?

50% of the previous period’s losses were used regarding the tax base increase made with Law No. 6736. However, the tax base has been increased again with Law No. 7143 due to the fact that the losses of the previous period are transferred and continue. In this case, will we continue by deducting 50% of the previous period’s loss?

It is not deducted from loss twice. 50% loss which cannot be deducted, remains on the balance sheet.

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.

]]> https://www.muhasebenews.com/en/how-will-companies-that-increase-their-tax-base-within-the-scope-of-law-no-7143-and-6736-use-losses-of-the-previous-period/feed/ 0 How should Current Accounts between Central Office and its Branch in Overseas Constructions be evaluated in Turkey? https://www.muhasebenews.com/en/how-should-current-accounts-between-central-office-and-its-branch-in-overseas-constructions-be-evaluated-in-turkey/ https://www.muhasebenews.com/en/how-should-current-accounts-between-central-office-and-its-branch-in-overseas-constructions-be-evaluated-in-turkey/#respond Thu, 22 Mar 2018 13:00:04 +0000 https://www.muhasebenews.com/?p=16414 About overseas constructions;
1- In regard to connections between central office in Turkey and overseas branch; goods and service movements considered as expense and cost in that office and carried out by issuing an invoice from Turkey to abroad as well as money transactions done between central office in Turkey and overseas branch should be kept separately and they should be evaluated accordingly.

2- Goods exported by means of issuing an invoice by central office to overseas branch and, credits and debits arisen from foreign exchange gained through services carried out by issuing invoices to abroad will be subject to evaluation like credits and debits arisen from export goods and services. Evaluation difference should be taken into account in determination of tax base.

3- It can be obviously seen that credits and debits arisen from money movements between central office in Turkey and overseas branch are not regarded as actual credits and debits. As a result of that, balance of a current account based on money movements does not need to be evaluated.

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.

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