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Number of opera and ballet audiences increased by 10.0% in Turkey

15.05.2020

Operas, Ballets, Orchestras, Choirs and Groups, 2019 in Turkey

The number of opera and ballet audiences was 322 thousand 189 in the 2018-2019 season, with an increase by 10.0% compared to the previous season. The number of audiences in orchestra, choir and groups was 275 thousand 343 in the 2018-2019 season, with a decrease of 20.0% compared to previous season. The number of orchestra audiences decreased by 19.1% to 142 thousand 153 compared to last season, while the number of chorus audiences decreased by 14.4% to 50 thousand 671 and the number of groups’ audiences decreased by 24.4% to 82 thousand 519.

Number of audiences, 2011-2019

The number of shows performed in opera and ballet halls decreased by 11.4%

The number of shows performed in opera and ballet halls decreased by 11.4% to 179 in the same period. The 84 of these shows were national shows and 95 of them were foreign shows. National shows were exhibited 287 times, while foreign shows were exhibited 327 times. Foreign shows were followed by 176 thousand 21 people, and national shows were followed by 146 thousand 168 people.

Distribution of the number of shows performed in opera and ballet halls (%), 2019

Totally 2 thousand 416 personnel served in operas and ballets

In 2018-2019 season, 2 thousand 416 personnel including guest performers served in opera and ballets affiliated to the General Directorate of Opera and Ballet, the 44.1% of this number were female personnel. Affiliated to the General Directorate of Fine Arts; in the orchestras 42.0% of the 343 staff were female, in the choirs 37.6% of the 622 staff were female and in the groups 26.6% of the 380 staff were female.

Distribution of opera, ballet, orchestra, choir and group staff by sex (%), 2019

Number of opera, ballet, orchestra, choir and group staff, 2019

The next release on this subject will be on May, 2021.


Source: TurkStat
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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The current account posted USD 4,923 million deficit in March 2020 in Turkey

14.05.2020

CBRT – Balance of Payments Developments – March 2020

Current Account

  • The current account posted USD 4,923 million deficit in March 2020 in comparison to USD 120 million deficit observed in the same month of 2019, decreasing the 12-month rolling surplus to USD 1,463 million.
  • This development is mainly driven by USD 3,551 million increase in the goods deficit recording net outflow of USD 4,289 million and USD 918 million decrease in the services inflow recording net inflow of USD 735 million, as well as USD 197 million net outflow in secondary income compared to USD 131 million net inflow observed in the same month of the previous year.
  • Gold and energy excluded current account indicated USD 1,160 million deficit, in comparison to USD 3,930 million surplus observed in the same month of the previous year.
  • Travel item under services recorded a net inflow of USD 514 million, decreasing by USD 529 million compared to the same month of the previous year.
  • Investment income under primary income item indicated a net outflow of USD 1,049 million, decreasing by USD 9 million compared to the same month of the previous year.

Financial Account

  • Direct investment recorded a net inflow of USD 796 million, decreasing by USD 14 million compared to the same month of the previous year.
  • Portfolio investment recorded a net outflow of USD 5,498 million. As regards to sub-items through liabilities, both non-residents’ equity securities and government domestic debt securities transactions recorded USD 1,063 million and USD 2,118 million of net sales, respectively.
  • Regarding the bond issues in international capital markets, other sectors realized net repayments of USD 81 million.
  • Under other investment, banks’ currency and deposits within their foreign correspondent banks and nonresident banks’ deposits held within domestic banks decreased by USD 644 million and USD 2,565 million on net basis, respectively.
  • Regarding the loans provided from abroad, banks, General Government and other sectors realized net repayments of USD 460 million, USD 109 million and USD 3 million, respectively.
  • Official reserves recorded net outflow of USD 16,589 million.

Source:Central Bank of Republic of Turkey 13.05.2020
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 decreased by 2.0% annually in Turkey

14.05.2020

Industrial Production Index, March 2020 in Turkey

When the subsectors of the industry (based on 2015=100) were examined, mining and quarrying index decreased by 5.6%, manufacturing index decreased by 1.9% and electricity, gas, steam and air conditioning supply index decreased by 0.9% in March 2020, compared with same month of previous year.

Industrial production decreased by 7.1% monthly

When the subsectors of the industry were examined, mining and quarrying index decreased by 2.2%, manufacturing index decreased by 7.5% and electricity, gas, steam and air conditioning supply index decreased by 5.7% in March 2020, compared with previous month.

Industrial production increased by 4.4% compared with the same quarter of the previous year

In the first quarter of 2020, calendar adjusted industrial production increased by 4.4% compared with the same quarter of the previous year. The seasonally and calendar adjusted industrial production remained the same compared with the previous quarter.

The next release on this subject will be on June 12, 2020.
                                                                                                                                                                                    
EXPLANATIONS

Annual changes refer to the changes of calendar adjusted index values compared to the same month of the previous year.

Monthly changes refer to the changes of seasonally and calendar adjusted index values compared to the previous month.

The data source for calculating the Industrial Production Index is mainly the Monthly Industrial Production Survey. In addition, data obtained from value added tax (VAT) declarations are also used. With the “The Tax Procedure Law Circular no. 518, dated 24 March 2020”; The period of declaration of VAT statements for March, April and May of 2020 has been extended until the end of Monday, July 27, 2020 for certain sectors, and not all of the VAT declarations of March 2020 have been declared by those concerned. Therefore, the Industrial Production Index for March 2020 was calculated using alternative data sources such as e-invoice, e-archive invoice, card payment and foreign trade data in line with international norms and methodologies. The indexes published will be revised if necessary, after the provision of VAT declaration data.


Source: TurkStat
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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Retail sales volume decreased by 0.2% in March 2020 in Turkey

14.05.2020

Retail Sales Indices, March 2020 in Turkey

Retail sales volume with constant prices (2015=100) decreased by 0.2% in March 2020 compared with the same month of previous year. In the same month non-food (except automotive fuel) sales decreased by 8.7%, automotive fuel sales decreased by 3.2%, food, drinks and tobacco sales increased by 17.0%.

Retail sales volume annual rate of change (%), March 2020

Retail sales volume decreased by 8.1% on monthly basis

Retail sales volume with constant prices decreased by 8.1% in March 2020 compared with the previous month. In the same month non-food (except automotive fuel) sales decreased by 17.8%, automotive fuel sales decreased by 6.9%, food, drinks and tobacco sales increased by 8.9%.

Retail sales volume monthly rate of change (%), March 2020

Retail sales volume annual and monthly rate of change(%), March 2020

Retail turnover increased by 8.1% on annual basis

Retail turnover with current prices increased by 8.1% in March 2020 compared with the same month of previous year. In the same month food, drinks and tobacco sales increased by 32.2%, non-food (except automotive fuel) sales increased by 0.4%, automotive fuel sales decreased by 9.4%.

Retail turnover annual rate of change(%), March 2020

Retail turnover decreased by 8.1% on monthly basis

Retail turnover with current prices decreased by 8.1% in March 2020 compared with the previous month. In the same month non-food (except automotive fuel) sales decreased by 16.5%, automotive fuel sales decreased by 15.5%, food, drinks and tobacco sales increased by 10.7%.

Retail turnover monthly rate of change(%), March 2020

Retail turnover annual and monthly rate of change(%), March 2020

The next release on this subject will be on  June 12, 2020.
_____________________________________________________________________________________________________
Explanations:

Annual changes refer to the change of calendar adjusted index values ??compared to the same month of the previous year.

Monthly changes refer to the change in seasonally and calendar adjusted index values ??compared to the previous month.

Value Added Tax (VAT) Declarations are used as the data source in the calculation of Retail Sales Indices. With the General Communique on Tax Procedure Law No. 518, dated 24 March 2020; The deadlines for submission of March, April and May 2020 VAT Declarations have been extended until the end of Monday, July 27, 2020, and all the VAT Declarations of March 2020 have not been submitted by the relevant parties. For this reason, Retail Sales Indices for March 2020 were calculated using alternative data sources such as e-invoice and e-archive invoice, card payment data in addition to VAT declarations in line with international norms and methodologies. After the VAT Declaration data are provided, the published indexes will be revised if necessary.


Source: TurkStat
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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Total turnover index including industry, construction, trade, and services sectors increased by 5.2% in Turkey

14.05.2020

Turnover Indices, March 2020 in Turkey

Total turnover index (2015=100) including industry, construction, trade, and services sectors increased by 5.2% on annual basis in March 2020.

At the detail of the total turnover index; industry increased by 5.2%, trade increased by 11.5%, construction decreased by 21.4% and services decreased by 2.2% on annual basis in March 2020

Total turnover annual rate of change (%), March 2020

Turnover indices annual rate of change (%), March 2020

Total turnover decreased by 9.0% on monthly basis

Total turnover index (2015=100) including industry, construction, trade, and services sectors decreased by 9.0% on monthly basis in March 2020.

At the detail of the total turnover index; industry decreased by 5.7%, construction decreased by 16.2%, trade decreased by 7.5% and services decreased by 17.1% on monthly basis in March 2020.

Total turnover monthly rate of change (%), March 2020

Turnover indices monthly rate of change (%), March 2020


The next release on this subject will be on June 12, 2020.
_________________________________________________________________________________

EXPLANATIONS:

Annual changes refer to the change of calendar adjusted index values compared to the same month of the previous year.

Monthly changes refer to the change in seasonally and calendar adjusted index values compared to the previous month.

Value Added Tax (VAT) Declarations are used as the data source in the calculation of Turnover. With the General Communique on Tax Procedure Law No. 518, dated 24 March 2020; The deadlines for submission of March, April and May 2020 VAT Declarations have been extended until the end of Monday, July 27, 2020, and all the VAT Declarations of March 2020 have not been submitted by the relevant parties. For this reason, Turnover Indices for March 2020 were calculated using alternative data sources such as monthly industrial production survey, e-invoice and e-archive invoice, e-ticket, e-self employment invoice, card payment and foreign trade data in addition to VAT declarations in line with international norms and methodologies. After the VAT Declaration data are provided, the published indexes will be revised if necessary.


Source: TurkStat
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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Producer Price Index of Agricultural Products in Turkey increased by 8.58% annually and decreased by 0.55% monthly

14.05.2020

Producer Price Index of Agricultural Products, April 2020 in Turkey

Agriculture-PPI (2015=100) on the previous month decreased by 0.55%, on December of the previous year increased  by 7.06%, on same month of the previous year increased by 8.58% and on the twelve months moving averages basis increased by 16.68% in April 2020.

Compared to the previous month in sectors; products of agriculture, hunting and relating services decreased by 0.69%, fishing products and other fishing products decreased by 0.24% and forestry products and related services increased by 5.58%. Regarding monthly changes by main groups; perennial crops decreased by 8.10%, non-perennial crops increased by 1.54% and live animals and animal products increased by 1.84%.

Agriculture-PPI annual change (%), April 2020

The lowest annual decrease was 20.98% vegetables and melons, roots and tubers subgroup

In April 2020, poultry, live and eggs was the other subgroup where high annual decrease realized with 4.64% on the same month of the previous year. On the other hand, cereals (except rice), leguminous crops and oil seeds with 25.95% and citrus fruits with 29.14% were the subgroups where high annual increases realized on the same month of the previous year.

Agriculture – PPI annual rate of changes in subgroups (%), April 2020

The highest monthly decrease was 2.77% in other tree and bush fruits and nuts subgroup

In April 2020, the other group that indicated a decrease was fibre plants with 1.04%. On the other hand, poultry, live and eggs with 4.14%, oleaginous fruits with 4.56% and rice (in hulk) with 8.00% were the subgroups where high monthly increases realized.

Agriculture – PPI monthly rate of changes in subgroups (%), April 2020

In April 2020 within average prices of 77 items in the index; while 3 new items were included this month, the average prices of 16 items decreased and the average prices of 7 items remained unchanged while the average prices of 51 items increased.

The next release on this subject will be on June 15, 2020.


Source: TurkStat
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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The overall export unit value index in Turkey decreased by 2.5% in March 2020

13.05.2020

Foreign Trade Indices, March 2020 in Turkey

As compared with the corresponding month of the preceding year, the overall export unit value index decreased by 2.5% in March. In the same month, compared to March 2019, while the index for food, beverages and tobacco increased by 3.0%, the index for crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) decreased by 1.3%, 37.8% and 1.6%, respectively.

The overall export unit value index decreased by 1.4% in Quarter I 2020, compared to the corresponding quarter of the preceding year.

The overall export volume index decreased by 16.0%

The overall export volume index compared to the corresponding month of the preceding year decreased by 16.0% in March. Compared with March 2019, while the index for food, beverages and tobacco increased by 1.9%, the index for crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) decreased by 1.5%, 10.0% and 19.1%, respectively.

The overall export volume index decreased by 2.9% in Quarter I 2020, compared to the corresponding quarter of the preceding year.

Export unit value and volume indices, March 2020
[2010=100]

The overall import unit value index decreased by 6.4%

As compared with the corresponding month of the preceding year, the overall import unit value index decreased by 6.4% in March. While the index for food, beverages and tobacco remained the same, the index for crude materials (except fuels), fuels and manufactured goods (except food, beverages and tobacco) decreased by 7.2%, 24.2% and 3.3%, respectively.

The overall import unit value index decreased by 5.7% in Quarter I 2020, compared to the corresponding quarter of the preceding year.

The overall import volume index increased by 8.8%

In March, the overall import volume index compared to the corresponding month of the preceding year increased by 8.8%. While the index for food, beverages and tobacco, and fuels decreased by 11.4% and 5.6%, respectively, the index for crude materials (except fuels) and manufactured goods (except food, beverages and tobacco) increased by 2.1% and 13.6%, respectively.

The overall import volume index increased by 15.7% in Quarter I 2020, compared to the corresponding quarter of the preceding year.

Import unit value and volume indices, March 2020
[2010=100]

Foreign trade indices, March 2020
[2010=100]

The calendar and seasonally adjusted export volume index decreased by 14.4%

The calendar and seasonally adjusted export volume index which was 162.6 in February 2020, decreased by 14.4%, to 139.2 in March 2020. The calendar adjusted export volume index which was 177.1 in March 2019, decreased by 16.0%, to 148.8 in March 2020.

The calendar and seasonally adjusted import volume index decreased by 7.0%

The calendar and seasonally adjusted import volume index which was 138.2 in February 2020, decreased by 7.0%, to 128.6 in March 2020. The calendar adjusted import volume index which was 127.0 in March 2019, increased by 6.5%, to 135.3 in March 2020.

Calendar and seasonally adjusted foreign trade volume indices, March 2020
[2010=100]

Terms of trade was 105.2 in March 2020

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 101.0 in March 2019, it increased by 4.2 points to 105.2 in March 2020.

Terms of trade increased by 4.6 points to 106.0 in Quarter I 2020, compared to the corresponding quarter of the preceding year.

Terms of trade, March 2020
[2010=100]


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


Source: TurkStat
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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The number of live births was 1 million 183 thousand 652 in 2019 in Turkey

13.05.2020

Birth Statistics, 2019 in Turkey

Number of live births was 1 million 183 thousand 652 in 2019. 51.3% of live births were boys and 48.7% of live births were girls.

Total fertility rate was 1.88 children
Total fertility rate means that the average number of live births that a woman would have under the assumption that she survived to the end of her reproductive life which is 15-49 age group and had a child according to a given age specific fertility rate.
While the total fertility rate was 2.38 children in 2001, this rate was 1.88 children in 2019. It means that a woman gave approximately 1.88 live births during her reproductive life in 2019. This showed that fertility remained below the population’s replacement level of 2.10.
Number of births and total fertility rate, 2001-2019
The highest total fertility rate was in Şanlıurfa with 3.89 children
In 2019 the province having the highest total fertility rate was Şanlıurfa with 3.89 children. Şanlıurfa was followed by Şırnak with 3.37 children, Ağrı with 3.16 children and Muş with 3.15 children. The provinces having the lowest total fertility rate was Gümüşhane with 1.33 children. Gümüşhane was followed by Kütahya and Edirne with 1.34 children.
The first 10 provinces with the highest and lowest total fertility rates, 2019

The average total fertility rate for European Union member countries was 1.56 children

It was seen that total fertility rate of Turkey was higher than the total fertility rates of 28 European Union member countries.  When the total fertility rates of 28 European Union member countries were analyzed, the country having the highest total fertility rate was France with 1.88 children and the country having the lowest total fertility rate was Malta with 1.23 children in 2018.

Comparison of the total fertility rate with the European Union member countries, 2018

Source: European Union Statistical Office (Eurostat) database

Crude birth rate was 14.3 per thousand

Crude birth rate means that the number of live births per thousand population. While the crude birth rate was 20.3 per thousand in 2001, this rate was 14.3 per thousand in 2019. It means that while the number of live births was 20.3 per thousand population in 2001, the number of live births was 14.3 per thousand population in 2019.
Crude birth rate, 2001-2019

The highest crude birth rate was in Şanlıurfa with 29.5 per thousand
When the crude birth rate was examined by provinces, in 2019 the province having the highest crude birth rate was Şanlıurfa with 29.5 per thousand. Şanlıurfa was followed by Şırnak with 25.8 per thousand, Muş with 25.1 per thousand and Ağrı with 24.8 per thousand. The province having the lowest crude birth rate was Edirne with 8.8 per thousand. Edirne was followed by Zonguldak with 9.2 per thousand, Kastamonu with 9.3 per thousand, Giresun, Karabük and  Bartın with 9.4 per thousand.
The first 10 provinces with the highest and lowest crude birth rates, 2019

The average crude birth rate for European Union member countries was 9.7 per thousand
It was seen that crude birth rate of Turkey was higher than the crude birth rates of 28 European Union member countries.  When the crude birth rates of 28 European Union member countries were analyzed, the country having the highest crude birth rate was Ireland with 12.5 per thousand and the country having the lowest crude birth rate was Italy with 7.3 per thousand in 2018.
Comparison of the crude birth rate with the European Union member countries, 2018

Source: European Union Statistical Office (Eurostat) databaseThe highest age specific fertility rate was in 25-29 age group

Age specific fertility rate means that the average number of live births per thousand women in certain age group.

When the fertility rate was examined by age group, it was seen that while the age specific fertility rate was in 20-24 age group with 144 per thousand in 2001, this rate was in 25-29 age group with 122 per thousand in 2019. This showed that fertility occurred at a later age of the woman.

Age specific fertility rate, 2001, 2019

Adolescent fertility rate decreased
Adolescent fertility rate means that the average number of live births per thousand women in 15-19 age group. While the adolescent fertility rate was 49 per thousand in 2001, this rate decreased to 17 per thousand in 2019. In other words, the number of live births was 17 per thousand women in 15-19 age group in 2019.
Adolescent fertility rate, 2001-2019
The average adolescent fertility rate for European Union member countries was 9 per thousand
When the adolescent fertility rates of 28 European Union member countries were analyzed, the country having the highest adolescent fertility rate was Bulgaria with 39 per thousand and the country having the lowest adolescent fertility rate was Denmark with 2 per thousand in 2018. Turkey having Adolescent fertility rate with 19 per thousand was higher than European Union average with 11 European Union member countries.
Comparison of the adolescent fertility rate with the European Union member countries, 2018

Source: European Union Statistical Office (Eurostat) database

Mean age of the mothers giving birth was 28.9
While the mean age of the mothers giving birth was 26.7 in 2001, it was 28.9 in 2019. Mean age of mother at birth of first child in 2019 was 26.4.
Mean age of the mother, 2001-2019
3.1% of births were multiple births
While 3.1% of births were multiple births in 2019, 96.4% of these births were twins, 3.4% of them were triplets and 0.2% of them were quadruplets and more.
36.2% of births were mother’s first birth
When births by birth order were analyzed, it was seen that 36.2% of births were first, 32.0% were second, 18.2% were third, 12.6% were fourth and above in 2019.

The next release on this subject will be on May, 2021.
_____________________________________________________________________________________________________

EXPLANATIONS

Birth statistics was started to be produced from the Central Civil Registration System (MERNIS) database after MERNIS had on-line application in 2001. Birth data were revised 5 years retrospectively due to delayed registrations in the administrative records. Birth statistics for 2014-2018 were updated as of March 31, 2020 and also birth statistics for 2019 were announced as of the same date in this press release.

Source: TurkStat
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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Which services are not included in the subject of VAT?

12.05.2020

According to the 1st and 6th Articles of the VAT Law, goods delivered abroad and services carried out and utilized abroad are not included in the subject of VAT. Calculating the cost of transaction not performed in Turkey over VAT or associating such transaction with any exception provision in the Law are not in question.

Accordingly,

– the services such as installation, assembly and logistics of booths provided to companies that participate in a trade fair held abroad from Turkey,

– construction, repair, installation works abroad,

– brokerage service provided a company abroad in relation to the deliveries to be made directly to another company abroad (the goods will not come to Turkey),

– consultancy services  provided abroad for transportation of the staff of another company in Turkey and introducing them to foreign companies operating in the same sector abroad, and also informing and training the staff,

– sales brokerage service provided to a foreign company for marketing of the goods to another company abroad

of a taxpayer in Turkey, are not in the subject of VAT, as these services are not carried out and utilized in Turkey.

Services provided abroad by a doctor or a lawyer which are self-employed and thus a VAT-payer in Turkey, to a company which is a VAT-payer in Turkey, shall not be in the subject of tax.

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Time and Form of Tax Payment in Turkey

12.05.2020

Income tax calculated on the declaration is paid in two equal installments in March and July of 2020.

  • The first installment must be paid with the stamp tax until March 31,
  • The second installment must be paid until August 4, 2020 (as the date of July 31 coincides with public)

Tax can be paid on www.gib.gov.tr with contracted banks and all tax offices.

You can learn how to calculate your income tax you are supposed to pay by using “Calculations” section from www.gib.gov.tr .

(www.gib.gov.tr —Homepage—Internet Tax Office—Transactions without Code— General Inquiry and Calculations—Calculation of Rental Income)

or ivd.gib.gov.tr- Calculation- Calculation of Rental Income


Source: Revenue Administration – Guidebook on Rental Income for Non-Resident Taxpayers
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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