What should be the VAT rate in the invoice to be issued for dietary counseling?

We work in 869090-Other paramedical human health services. But we also provide diet-food counseling. What is the VAT rate that we should apply to the invoices we will issue?

The VAT rate that you should apply is 18%.

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 Karen Audit 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.

Do we have to pay the salaries of foreign personnel through the bank?

We couldn’t open a bank account for the foreign employee. Work permit has been approved by the Ministry, Social Security Insurance has been made, but banks don’t open a salary account due to the fact that the employee didn’t enter and exit to/from country with his/her passport. Do we have to pay the salary through the bank?

If the number of employees exceeds 5, the wages, including of foreign workers, must be paid through a bank.

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 Karen Audit 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.

Will travel agencies selling only air tickets submit a tourism declaration, even if it is blank?

We have a travel agency taxpayer selling only air tickets and having certificates of air tickets. It may issue an accommodation invoice in the future, but it does not issue right now. Should we submit the petition of tourism declaration and give blank declarations or will our liability for tourism share start when we face such a situation?

Travel agencies shall provide a blank declaration for the months when there is no transaction to be carried out.

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 Karen Audit 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.

Industrial production increased by 3.8% in October 2019 in Turkey

Industrial Production Index, October 2019 in Turkey

Industrial production increased by 3.8% compared with same month of previous year

When the subsectors of the industry (based on 2015=100) were examined, mining and quarrying index increased by 6.5%, manufacturing index increased by 3.7% and electricity, gas, steam and air conditioning supply index increased by 1.2% in October 2019, compared with same month of previous year.

Industrial production decreased by 0.9% compared with previous month

When the subsectors of the industry (based on 2015=100) were examined, while mining and quarrying index increased by 0.4%, manufacturing index decreased by 1.1% and electricity, gas, steam and air conditioning supply index decreased by 0.3% in October 2019, compared with previous month.

The next release on this subject will be on January 14, 2020.

Source: TUIK
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 Karen Audit 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.

Hen egg production was 1.7 billion units in Turkey

Poultry Production, October 2019 in Turkey

Hen egg production was 1.7 billion units

Hen egg production increased by 3% in October compared with the previous month, and increased by 2.1% compared with the same month of the previous year.

Number of slaughtered chicken was 104 million, number of slaughtered turkey was 579 thousand units

Number of the slaughtered chicken decreased by 0.5% in October compared with the previous month, and increased by 3% compared with the same month of the previous year. Number of the slaughtered turkey decreased by 2.5% in October compared with the previous month, and decreased by 0.2% compared with the same month of the previous year.

Chicken meat production was 188 thousand 557 tonnes, turkey meat production realized as 5 thousand 926 tonnes

Chicken meat production decreased by 0.1% in October compared with the previous month, and increased by 3.6% compared with the same month of the previous year. Turkey meat production increased by 5.2% in October compared with the previous month, and increased by 4.6% compared with the same month of the previous year.

Chicken meat production, October 2019

According to the seasonally and calendar adjusted series; chicken meat production decreased by 1.5% compared with the previous month. According to the calendar adjusted series chicken meat production increased by 3.8% compared with the same month of the previous year.

The next release on this subject will be on January 13, 2020.

Source: TUIK
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 Karen Audit 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.

Milk collected by integrated dairies was 753 thousand 569 tonnes in Turkey

Milk and Milk Products, October 2019 in Turkey

Milk collected by integrated dairies was 753 thousand 569 tonnes

The amount of collected cow’s milk in October decreased by 2.7% when compared to the same month of the previous year.

Drinking milk production by integrated dairies became 127 thousand 869 tonnes in October and decreased by 6% when compared to the same month of the previous year. Cheese production from cow’s milk was 57 thousand 826 tonnes and increased by 4.7% when compared to the same month of the previous year. Cheese production from sheep, goat, buffalo and mixed milk was 474 tonnes decreased by 67.2% when compared to the same month of the previous year.

Yoghurt production became 98 thousand 305 tonnes in October and increased by 2% when compared to same month of the previous year. Drink made of yoghurt production became 67 thousand 98 tonnes and increased by 7.6% when compared to the same month of the previous year.

In October the average fat rate of cow’s milk collected by integrated dairies was 3.5%, the average rate of protein was 3.2%.

Collected cow’s milk, October 2019

Seasonal and calendar adjusted amount of collected cow’s milk in October when compared to the previous month increased by 1.8%. Calendar adjusted amount of collected cow’s milk in October when compared to the same month of the previous year decreased by 2.6%.

The next release on this subject will be on January 13, 2020.

Source: TUIK
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 Karen Audit 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.

Manufacturing industry establishments abstracted 2.9 billion m3 of water

Manufacturing Industry Water, Wastewater and Waste Statistics, 2018 in Turkey

Manufacturing industry establishments abstracted 2.9 billion m³ of water

According to the result of the Manufacturing Industry Water, Wastewater and Waste Statistics Survey, which was applied to the establishments with 50 or more employees in local units, 2.9 billion m³ of water was abstracted by manufacturing industry establishments in 2018. Out of this amount 71.2% was abstracted from sea, 15.5% from spring and well, 4.8% from organized industrial zone water supply network, 3.6% from dam, 1.5% from municipal water supply network, 1.4% from river and 2% from other water resources. 76% of the abstracted water was used for cooling purposes.

Manufacturing industry establishments discharged 2.4 billion m³ of wastewater

Manufacturing industry establishments discharged 2.4 billion m³ of wastewater in 2018. 80.8% of discharged wastewater was cooling water. Out of total discharged wastewater, 81.3% was discharged to sea, 6.8% to river, 6.8% to organized industrial zone sewerage, 2.6% to municipal sewerage and 2.5% to other receiving bodies.

Excluding cooling water, 54.6% of discharged wastewater was treated

Out of 2 billion m3 of discharged cooling water, 1.1% was treated, whereas out of 466 million m³ of wastewater which was not cooling water, 54.6% was treated and discharged to receiving bodies.

22.9 million tonnes of waste was generated by manufacturing industry establishments

In 2018, 22.9 million tonnes of total waste, of which 3.7 million tonnes was hazardous, was generated by manufacturing industry establishments. Out of total waste, 57.3% was sold or sent to licensed waste treatment facilities, 21% was landfilled, 9.2% was recovered within the facility, 5.5% was stored within the establishment site, 4.5% was collected by municipalities or organized industrial zone’s managements, 2% was co-incinerated or incinerated and 0.5% was disposed of by other methods.

Regarding the sectors, it is determined that 71.2% of total waste generated, 80.4% of abstracted water and 83.2% of discharged wastewater were constituted by manufacture of basic metals and chemicals production industries.

Source: TUIK
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 Karen Audit 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.

442 billion 607 million TL was spent for social protection in Turkey

Social Protection Statistics, 2018 in Turkey

442 billion 607 million TL was spent for social protection

Expenditure on social protection accounted for 442 billion 607 million TL in 2018 by increasing 15.7% according to the expenditure in 2017. Expenditure on social protection consisted 98.5% of payments for social protection benefits (435 billion 910 million TL). The largest expenditure on social protection benefits was the old age function with 214 billion 133 million TL followed by those related to the sickness/health care function with 121 billion 444 million TL.

Social protection expenditures, 2017, 2018

The social protection expenditure accounted for 11.9 % of GDP

Expenditure on social protection accounted for 11.9% of gross domestic products (GDP) in 2018. Expenditure on social protection benefits recorded as 11.7% of GDP. When the expenditures on risks or needs were considered, the expenditure on old age function was the largest with 5.7% of GDP followed by those related to the sickness/health care function with 3.3% of GDP and survivors function with 1.4% of GDP.

Expenditures on social protection, as % of GDP, 2017, 2018

Means-tested benefits represented 9% of the total social protection benefits

The largest part of the means-tested benefits was provided under the family/children function with 37.7% followed by disability with 28.1% and sickness/health care with 15.5%.

Cash benefits represented 67.3% of the total social protection benefits

The majority of the cash benefits was related to old age function 72.8% followed by survivors function 17.7% and the unemployment function with 3.4%.

Government contributions constituted 35.4% of social protection receipts

Government contributions accounted for 35.4% of social protection receipts. Social contributions by employers’ represented 30.3% and protected people social contributions constituted 26.9% of social protection receipts.

Number of pension beneficiaries accounted for 13 million 766 thousand people

While the number of pension beneficiaries (old age, survivors and disability pension) were 13 million 261 thousand in 2017, it became 13 million 766 thousand by increasing 3.8% in 2018. Number of old age and survivors pension beneficiaries reached to 12 million 913 thousand in 2018 while it was 12 million 417 thousand in 2017.

Number of pension beneficiaries, 2017, 2018

The next release on this subject will be on December, 2020.

EXPLANATIONS

The social protection expenditure is composed by the social protection benefits plus administration costs and other expenditures. The social protection benefits are the sum of the social benefits provided within the 8 risks/needs (sickness/health care, disability, old age, survivors, family/children, unemployment, housing and social exclusion n.e.c.). Due to the revisions on administrative records, data for the year 2017 have been updated and tabulated.

Source: TUIK
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 Karen Audit 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.

What are the conditions for benefiting from the income exemption for educational institutions in Turkey?

According to first Paragraph, Subparagraph (i) of Article 5 of Corporate Tax Law No. 5520, earnings which are obtained for five accounting periods within the framework of the procedures to be determined by Ministry of Republic of Turkey by taking the opinion of the relevant Ministry and are obtained from the operating of preschool education, primary education, private schools and secondary education schools, private kindergartens and day-care centers and rehabilitation centers affiliated to foundations or public interest associations to which are given exemptions by the Council of Ministers or tax-exempt associations, shall be exempt from the corporate tax and this exemption shall commence from the accounting period in which the schools, nursery and day-care centers and rehabilitation centers mentioned are started to be operated.

Kindergartens and day-care centers must have been operated as of 01.01.2017 in order that these institutions benefit from the aforementioned exemption.

It is not possible to benefit from the mentioned exemption for the earnings arising from operating the kindergartens and day-care centers that started to be operated before this date.

Taxpayers who want to benefit from this exemption can benefit from it as of the accounting period in which they were put into operation with the permission of opening an institution issued by the relevant Ministry and they do not need to apply to the Ministry of Finance of Republic of Turkey in order to benefit from this exemption.

Overall export unit value index decreased by 2.9% in Turkey

Foreign Trade Indices, October 2019 in Turkey

The overall export unit value index decreased by 2.9%

As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 2.9% in October. In the same month, compared to October 2018, while the index for food, beverages and tobacco increased by 4.6%, the index for crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) decreased by 1.9%, 18.7% and 3.4%, respectively.

The overall import unit value index decreased by 6.8%

As compared with the corresponding month of the preceding year, the overall import unit value index decreased by 6.8% in October. The index for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) decreased by 5.2%, 12%, 18.5% and 4.3%, respectively.

Foreign trade indices, October 2019
[2010=100]

The overall export volume index increased by 2.8%

The overall export volume index compared to the corresponding month of the preceding year increased by 2.8% in October. Compared with October 2018, the index for food, beverages and tobacco, crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) increased by 5.9%, 1.4%, 100.5% and 1.2%, respectively.

The overall import volume index increased by 15.9%

In October, the overall import volume index compared to the corresponding month of the preceding year increased by 15.9%. While the index for crude materials (except fuels) decreased by 1.5%, the index for food, beverages and tobacco, fuels and manufactured goods (except food, beverages and tobacco)increased by 20.2%, 4.2% and 13.8%, respectively.

Foreign trade volume indices, October 2019
[2010=100]

The calendar and seasonally adjusted export volume index decreased by 1.3%

The calendar and seasonally adjusted export volume index which was 167.7 in September 2019, decreased by 1.3%, to 165.6 in October 2019. The calendar adjusted export volume index which was 171.5 in October 2018, increased by 2.8%, to 176.4 in October 2019.

The calendar and seasonally adjusted import volume index increased by 4.4%

The calendar and seasonally adjusted import volume index which was 121.8 in September 2019, increased by 4.4%, to 127.2 in October 2019. The calendar adjusted import volume index which was 108.1 in October 2018, increased by 17.8%, to 127.4 in October 2019.

Terms of trade was 103.6 in October 2019

Terms of trade is calculated by dividing the export unit value index by the import unit value index, then multiplying the result by 100. While terms of trade was 99.4 in October 2018, it increased by 4.2 points to 103.6 in October 2019.

The next release on this subject will be on January 10, 2020.

Source: TUIK
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 Karen Audit 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.

Archives for News

What should be the VAT rate in the invoice to be issued for dietary counseling?

Do we have to pay the salaries of foreign personnel through the bank?

Will travel agencies selling only air tickets submit a tourism declaration, even if it is blank?

Industrial production increased by 3.8% in October 2019 in Turkey

Industrial Production Index, October 2019 in Turkey

Hen egg production was 1.7 billion units in Turkey

Poultry Production, October 2019 in Turkey

Milk collected by integrated dairies was 753 thousand 569 tonnes in Turkey

Milk and Milk Products, October 2019 in Turkey

Manufacturing industry establishments abstracted 2.9 billion m3 of water

Manufacturing Industry Water, Wastewater and Waste Statistics, 2018 in Turkey

442 billion 607 million TL was spent for social protection in Turkey

Social Protection Statistics, 2018 in Turkey

What are the conditions for benefiting from the income exemption for educational institutions in Turkey?

Overall export unit value index decreased by 2.9% in Turkey

Foreign Trade Indices, October 2019 in Turkey