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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.


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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.


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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.


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Industrial production increased by 3.8% in October 2019 in Turkey

Industrial Production Index, October 2019 in Turkey


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.


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Hen egg production was 1.7 billion units in Turkey

Poultry Production, October 2019 in Turkey


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.


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

Milk and Milk Products, October 2019 in Turkey


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.


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Manufacturing industry establishments abstracted 2.9 billion m3 of water

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


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.


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

Social Protection Statistics, 2018 in Turkey


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.


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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.

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Overall export unit value index decreased by 2.9% in Turkey

Foreign Trade Indices, October 2019 in Turkey


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.


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