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The UK to produce micro-robots

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The UK government plans on developing micro-robots to work in dangerous sites such as nuclear facilities and underground pipe lines. Some micro-robots will be developed...

Vat percentage of a material is reduced to 8% from 18%

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Our company produces kitchen cabinets. In the progress payment/agreement made before VAT discount, the parties agreed on 18% VAT. Do I have to draw...

Communiqué on Default Interest Ratio Determination of Late Payments Made to...

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In accordance with paragraph  seven of article 1530 of Turkish Commercial Code numbered 6102 and dated 13.01.2011, the interest ratio is determined as  21,25...

In accordance with the regulation regarding the number of employees subject...

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Regarding the compulsory individual pension system (CIPS) starting on 01.01.2019, do we have to include the employer when calculating the compulsory number of months...

Is it more profitable to draw up an invoice in Turkey...

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There is a plan and a project work for our Traffic Engineering business in Uzbekistan (for about $5-6 million). We will take a group of...

Is there a special tax practice for profit transfers to China...

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A company whose headquarters is in China will establish a limited company in Turkey as the sole shareholder. Is there a special regulation for...

Are we required to pay 15% withholding for the Google ads?

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We’re placing ads on Google. We pay with credit card. We do not receive and invoices for the transaction. We draw up an invoice...

Huawei responds to cyber security claims

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Huawei’s CEO Ken Hu spoke at their new campus in Dongguan. He responded to the cyber security claims and said “When it comes to security...

What are the obligations of board members of an incorporated company...

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…There is an INCORPORATED company that has a capital of TRY 900.000 and is taken over in July, 2015. TRY 899.999 of this capital...

Is it possible for the shareholders to lend money to a...

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Our incorporated company is an export company. It uses USD for all transactions including domestic purchases. The company is in urgent need of cash...