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bus 493 turkish taxation system
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<!DOCTYPE html PUBLIC "-//ABISOURCE//DTD XHTML plus AWML 2.2//EN" "http://www.abisource.com/2004/xhtml-awml/xhtml-awml.mod"><html xmlns="http://www.w3.org/1999/xhtml" xmlns:awml="http://www.abisource.com/2004/xhtml-awml/"> <head> </head> <body> <div> <p> All Turkish taxes are imposed under laws drafted by or with the involvement of the Turkish MoF and are promulgated by the Turkish Parliament. The central government, acting through the MoF, imposes most of them, although local authorities have certain rights over some minor transaction charges. Tax procedures are governed by the Turkish tax procedural law. </p> <p> Taxable period </p> <p> The taxable period is the calendar XXXX. Note that a XXXXXXXXX fiscal year XX also allowed. </p> <p> Tax returns </p> <p> X XXXX-XXXXXXXXXX XXXXXX is XXXX in Turkey. </p> <p> In XXXXXXXXX, XXXXXXXXX and XXX-XXXXXXXX entities XXXXXX a PE in XXXXXX XXX XXXXXXXXX XX be XXXXXXXXXX XXX XXX taxes in Turkey (e.g. CIT, XXX, XXX, XXXXX XXX) and file XXXXXX XXX XXXXXXX. </p> <p> XXX XXXX date of XXXXXXXXXX XX the XXX return is the XXXX XXX of the fourth XXXXX XXXXXXXXX the fiscal XXXX XXX. This date will XX XX XXXXX if CIT XXXXXXX are filed on a XXXXXXXX-year basis. However, XXX to XXXXX-XX outbreak, the XXXXXXXX XX XXX XXX XXXXXX is postponed to June X<span style="XXXX-size:10pt;XXXXXXXX-XXXXX:super">st</span>, XXXX. </p> <p> XXXXXXX of tax </p> <p> XXXXXXX XXXXXX XX XXXXXXXX on a quarterly-basis XX XXXXXXX tax on the XXXX day XX the XXXXXX XXXXX following each XXXXXXX, and corresponding tax is XXXXXXX XX XXX 17th XXX of XXX same XXXXXX. Advance XXX paid XX offset XXXXXXX XXX final (i.e. XXXXXX year-XXX) XXX XXXXXXXXXX in XXX XXXXXX CIT return. </p> <p> XXX last XXXX of XXXXXXX XX XXX is XXX XXXX XXX of the fourth XXXXX following XXX XXXXXX XXXX-XXX. XXXXXXX, again XXX to XXXXX-19 XXXXXXXX, XXX XXXXXXXX XXX XXXXXX XXX due taxes XX these XXXXXXX are postponed. </p> <p> Tax XXXXX XXXXXXX </p> <p> The tax XXXXXXXXXXX in XXXXXX XX XXX XXXX a regular XXXXX XXXXX XXX every XXXXXXXX. XXX XXXXXX XXX XXXXXXX XXXXXXXXX XXXXX on selection XXXXXXX risk XXXXXXXXXX software, XXXXX they XXX XXXXXXX either sector-specific or issue-XXXXXXXX audits. </p> <p> XXXXXXX XX limitations </p> <p> XXX Turkish XXX XXXXXX XX based XX self-XXXXXXXXXX, XXX XXXXX is XX procedure XX agree XXX XXXXX tax XXXXXXX with the XXX XXXXXXXXXXX XXXX XXX XXXXXXX XXXXXXX XXXXXXXXXXX. Tax XXXXXXX filed XX XXXXXXXXX XXXXXX XXXX to tax XXXXXXXXXX until the XXX XX XXX five-XXXX statute of XXXXXXXXXXX according to the provisions XX Turkish XXX Procedural XXX. </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> Topics XX focus XXX tax XXXXXXXXX </p> <p> XXX tax XXXXXXXXX XXX XXXXXXXX XXXXXXXXX companies for XXX XXXXXXXXX XXXXXX: </p> <p style="margin-XXXXX:XX.000000pt;margin-left:24.000000pt"> <span style="font-XXXXXX:'inherit';XXXXX:#XXXXXX">XXXXXXXX XXXXXXX.</span> </p> <p style="margin-right:12.XXXXXXXX;margin-XXXX:24.000000pt"> <span style="XXXX-XXXXXX:'inherit';XXXXX:#XXXXXX">Capital XXXXXXXX.</span> </p> <p style="margin-XXXXX:12.XXXXXXXX;margin-XXXX:XX.000000pt"> <span style="XXXX-XXXXXX:'inherit';XXXXX:#XXXXXX">Loss XXXXXXXXXXXX XXXX.</span> </p> <p style="margin-right:12.XXXXXXXX;XXXXXX-left:24.000000pt"> <span style="font-family:'inherit';XXXXX:#333333">Partial spin-off.</span> </p> <p style="XXXXXX-XXXXX:12.XXXXXXXX;XXXXXX-XXXX:24.XXXXXXXX"> <span style="XXXX-XXXXXX:'inherit';color:#333333">Thin capitalisation.</span> </p> <p> Corporate XXXXXX XXX certification </p> <p> In Turkey, a XXXXXXX kind of tax control mechanism XX established called 'corporate XXXXXX tax certification'. Under this mechanism, XXX tax XXXXXXXXX XXXXXXX accounts and XXX XXXXXXX of taxpayers whose accounts are audited XXX XXXXXXXXX by Sworn Fiscal XXXXXXXX (SFAs) to be XXXX and XXXXXXX unless proved to XX incorrect. On the other XXXX, the XXX XXX announced that XXXXX XXXXXXXXX XXXX XX not XXXX their tax returns XXXXXXXXX XX such XXXX be on XXX XXXXXXXX list for XXX XXXXXXXXXX. The Ministry sets XXXXXXXXX of XXXX XX XX XXXX XXX any XXXXXXXX wanting to use an SFA. At the end of XXXX year, SFAs XXXX to XXXXXXX a comprehensive XXXXXX to be submitted to XXX XXX and to certify XXX accuracy of XXX XXX XXXXXX. </p> <p> The work XX carried out over the XXXXXXXXX XXXXXXXXXX that XXX subject to XXX XXXXXXXXXXXX. XXXX XXXX XXXX XXXXXXX is XXX XX a 'statutory audit' XXXXXX, technically it is 'XXX-audit assurance' work. </p> <p> XXX XXX certification process helps XX XXXXXXXX XXX XXXX XXXXXXXXXX measures XXXXXXX erroneous XXXXXXXXXXXX that XXX XXXXXXXXX XX detected XXXX upon a tax XXXXXXXXXXXXX XX the XXXXXXX MoF. </p> <p> </p> </div> </body></html>">
