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Attention!!! The Last Day to Take Advantage of the Amnesty Law is 30 June 2017, Friday!

In order to take advantage of Amnesty Law numbered 7020 which enables people to make an installment plan in order to pay their public debts with installments; taxpayers should apply until 30 June 2017, Friday.

***It is not possible to extend the application period, because there is no authorization related to extending the application period of Law numbered 7020.

It is crucial for debtors to apply to it until 30 June 2017 in order to take advantage of the opportunities provided by the law numbered 7020.

In order to take advantage of the Amnesty Law;
1- The application should be done by going to tax office (in person or with proxy).
2- By post (If the application is done with certified mail or APS, posting date and if it is done with surface mail, the date when the post arrives to tax office will be taken into consideration.)
3- It can be done via internet (www.gib.gov.tr).

****Furthermore, debt inquiry can be done through www.gib.gov.tr .

Source: Revenue Administration

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Tax and SSI Amnesty are in the Road! Initial Payment will be done on July-2017 According to Turkish Laws!

1- INSTALLMENT PLAN FOR TAX AND SSI LIABILITIES BETWEEN 01.07.2016 – 31.03.2017 IS IN THE ROAD!
People who made an installment plan for liabilities that are until the end of June 2016 but could not pay or partially paid their accrued liabilities for between July 2016 and until the end of March 2017 will have right to make an new installment plan.

There will be no “TAX BASE INCREASE”  in the new regulation.
There will be no “STOCK AMNESTY”  in the new regulation.
There will be no “CASH AMNESTY”  in the new regulation.
There will be no “PARTNERS AMNESTY”  in the new regulation.

2- THE LIABILITIES THAT WERE IN THE INSTALLMENT PLAN LAST YEAR WILL GO ON IN THE SAME MANNER!
With the Bag Law numbered 6736
, the installment plan of current liabilities of the tax payers who made an installment plan for their tax and SSI liabilities will go on in the same manner.

3- PEOPLE WHO COULDN’T MAKE AN INSTALLMENT PLAN LAST YEAR WILL BE ABLE TO APPLY FOR ALL OF THEIR PREVIOUS LIABILITIES!
People, who didn’t/couldn’t make an installment plan for their tax and SSI liabilities within the scope of the Bag Law numbered 6736, will be able to apply for all of their liabilities (31 March 2017 and before that date) with the new regulation.

4- TOTAL AMOUNT OF LIABILITY IS  73 BILLION TURKISH LIRAS
The amount of new installment is 72 Billion Turkish Liras. How much of those liabilities are within the scope of installment will be determined at the end of the application.

5-THE CAPITAL WILL REMAIN, THERE WILL BE INSTALLMENT FOR THE LATE FEE!
The capital will remain the same like the previous installment plan; however, there will be installment for the late fee. On the other hand, the liabilities can be extended to 3 years after the calculation of the installment. If demanded, liabilities can make 6-9-12-18 installments or pay all of the amount in cash. The installment will be paid bimonthly.

6- WHEN WILL THE NEW INSTALLMENT PLAN BE ENACTED?
The Law about the installment plan is planned to be published in the Official Gazette in the middle of May and come into force at the same day.

7- WHEN IS THE APPLICATION PERIOD FOR THE NEW INSTALLMENT PLAN?
The application period for the new installment plan will begin as of the date of publishing date and it will last until 30 June 2017.

8- WHEN IS THE INITIAL PAYMENT OF THE NEW INSTALLMENT?
The initial payment of the new installment for liabilities can be made;
until 31 July 2017 for tax liabilities,
until 31 August 2017 for SSI liabilities.

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Bringing %80 percent of export proceeds to Turkey and changing them in Banks Question-Answer

Bringing %80 percent of export proceeds to Turkey and changing them in Banks Question-Answer 

1- Do Export Proceeds have to be brought to Turkey?

With the declaration published in the official journal on 4th September 2018, Ministry of Treasury has used its power to regulate. (32th declaration regarding protection of the value of Turkish currency law) (Declaration Number: 2018-32/48)

 

The costs related to the export transactions carried out by the inhabitants of Turkey, have to be brought to Turkey or transferred to the bank that mediated exporting in the 180 days at the latest from the date of the actual export.

 

%80 percent of the above-mentioned amount has to be sold to a bank.

 

Bringing export proceeds in Tukey over the declared lira or currency is mandatory. In exchange for the exporting over lira, bringing currency is possible.  It is also possible to bring export proceeds effectively with the passenger.  It has to be declared to the customs office.

 

2-How was it before?

 

According to the protection of the value of Turkish currency law, bringing export proceeds in Turkey used to be mandatory until 2008.

 

In case of not bringing the amounts above 100.000 dollars in a specific time, the penalty can be imposed in accordance with the foreign exchange law.

 

However, with the legislation published in the official journal on 8th February 2018, bringing currency to the homeland was not mandatory anymore.

If required, the relevant ministry was given the authority to regulate this issue.

 

 

3-Which exports are within the scope of the new legislation?

 

Proceeds of the export transactions carried out by the Turkish inhabitants have to be transferred to or brought in the bank that mediated exporting, without delay.

Bringing the proceeds cannot exceed 180 days after the actual export day.

 

%80 percent of the above-mentioned amount has to be sold to a bank.

Export proceeds can be brought in homeland according to the payment method.

 

  1. a) Payment with the letter of credit,
  2. b) Documents against d/p,
  3. c) Cash on delivery,
  4. D) Acceptance Credit Payment,
  5. e) Documents against d/p Payment,
  6. f) Acceptance Credit cash on delivery,
  7. g) Cash Advance.

 

4-If lira is declared as export cost, can it be brought?

 

Bringing export proceeds in Tukey over the declared lira or currency is mandatory, and in exchange for the exporting carried out over lira, bringing currency is also possible.

 

5- Can export proceeds be brought to Turkey by cash with the passenger?

 

In case of bringing export proceeds by cash with the passenger, it has to be declared to the customs.

 

6- How long export agreements made in exchange for cash currency have to be completed?

 

Export agreements made in exchange for cash currency have to be completed within 24 months.

 

7- How long is the export period within the scope of inward processing authorization certificate?

 

Operating time of cash currency provided in relevance to inward processing authorization certificate, tax, and, export within the scope of levies and charges exemption certificate is as far as the documentation period (including additional time).

 

8- To which provisions advance currencies expired are subjected to?

 

Advance currencies not exported or refunded on time are subjected to pre-financing. If advance currencies subjected to pre-financing provisions are extended within the frame of relevant legislation provisions, tenants are also exceeded as much as additional time.

 

9-When do Building contractors working with abroad have to bring the export proceeds in Turkey?

Export proceeds of building contractors working with abroad; have to be brought to Turkey within 365 days and to be sold to a bank.

 

10- When does consignment cost have to be brought into the homeland?

Export proceeds carried out by means of consignments have to be brought to Turkey within 180 days and to be sold to a bank.

 

11- When do the export proceeds of temporary exported merchandise have to be brought to Turkey? 

 

In case of bringing the export proceeds of temporarily exported merchandise in Turkey, they are supposed to be brought in Turkey and sold to a bank within 90 days.

 

12 When do the export proceeds of financial leasing have to be brought to Turkey?

 

In the exports on credit or by renting carried out within the frame of the export regime and financial leasing in force, the export proceeds have to be brought in Turkey and sold to a bank within 90 days.

 

13- Who is responsible for bringing exported merchandise proceeds to Turkey and selling them to banks?

 

Exporters are responsible for bringing exported merchandise proceeds to Turkey and selling them to banks.

 

14- Who would be responsible for if claim right stemmed from export proceeds are bought in banks or factoring companies?

 

If claim right is bought and commercial risk is undertaken by banks and factoring companies, the ministry of the treasury will be responsible for bringing export proceeds in Turkey.

 

15- Do Banks follow and inform us about the export proceeds?

 

Yes, they do. Banks mediated export are obliged to follow the process of bringing export proceeds in Turkey and selling them to banks.

 

16- Will export expense be deducted from exporters’ account when bringing in to Turkey?

 

Freight, insurance premium, commission, warehouse, storehouse, customs expense, mortar, and factoring expenses relevant to export and discount expenses on the condition that interest rates won’t exceed international money market’s interest rates,  and transportation, conservation, maintenance and  fumigation  of  the merchandise exported by consignation are investigated and decided by banks.

 

17- Can new amount to be brought in Turkey taken into account in case of diminishing export amount at the end of the expert investigation?

 

If there is a condition that weighing and analyzing have to perform as a necessity of business practices, diminishing export amounts of measure shortcoming or quality difference and,  appraisement fee, analyzed at the end of measuring and analyzing the process,   are investigated and decided by banks.

 

18- Can export proceeds, brought in Turkey properly, be entered into account as import proceeds?

Export proceeds brought in Turkey on time; exporters’ import proceeds, payments regarding capital movements, expenses regarding invisible transactions and the purchase proceeds of transit trade can be entered into account by banks.

 

19- If the parties are the same on exporting and importing, can banks enter into account?

On the merchandise importing and exporting within the frame of foreign trade regulation, it is possible for banks to entering merchandise importing and exporting into the system on the condition of the parties being the same and being stick to the specific month of bringing export proceeds in Turkey.

 

20- Who will decide on the examination if there are some situations not in the notification?

 

Demands except for in the 18th and 19th articles are examined and finalized by the ministry of finance.

 

21- Will the rest amount be turned into cash if export proceeds are allowed to be entered into account?  

In the situation of allowing entering into the system of the export proceeds, they are considered to be brought to Turkey on time. Currency purchase and selling documentation are issued over the currency purchase and selling on the date of entering into the system.

 

 

22- Who is responsible for the closure of the accounts of export proceeds brought in Turkey just in time?

Banks are responsible for the closure of the accounts of export proceeds brought in Turkey just in time.

 

23- Are export accounts not closed on legal time notified to the tax office by banks?  

 

If export accounts are not closed on legal time, it is notified to the tax office directorate or tax office administration within five days by the banks.

 

24-What does tax office do for the export accounts not closed on legal time?

 

Followed by the ten days’ notice, 90 days warning is sent by the relevant tax office directorate or tax office administration.  Within this duration, accounts need to be closed and evident to be provided regarding proper situation according to the article 9 of the relevant law.

 

25-What needs to be done if there are logical reasons for export accounts not closed on legal time?  

Except for the force majeure, if the situation continues, additional time will be given by the tax office administration or tax office directorate as of every six months.

 

26- Is additional time given except for the force majeure? 

If there are logical reasons except for the force majeure, 6 months of the additional time period with regard to the company’s request,   is investigated and finalized by tax office administration and tax office directorate as three months terms and the additional time period after 6 months additional period is investigated and finalized by Ministry of Finance.

 

27- What is the force majeure?

1) Force majeure;

  1. a) The bankruptcy of exporting or importing company, going into administration, or ceasing its operations, suspension of the bankruptcy of the company, the death of the owner of the unlimited company.
  2. b) Strike, lock-out and averageness,
  3. c) The impossibility of closing the bank accounts of importing or exporting companies due to the problems occurring in the banks and official institutions of the exporter and, importer companies’ countries.

ç) Calamity, disaster, catastrophe, blockade,

  1. d) Loss, damage or annihilation of property
  2. e) Bring an action for an infringement or appeal to arbitration

 

28- What are the documents proving force majeure?

 

Documents proving force majeure;

On the 27th article of the relevant law

Confirming;

– From competent authorities

– From the official authorities of the exporters’ cities, or stamped by the local administration, (excluding calamity or blockade)

– From official authorities, mediator banks the official authorities of the exporters’ cities

-from insurance companies, international inspection companies, or relevant countries official authorities are mandatory.

 

29- Where is the documents provided from the abroad for the force majeure be approved?

The documents provided from the abroad for the force majeure need to be approved by our foreign delegations or by the provisions of the convention abolishing the requirement for legalization for foreign public documents prepared within the frame of  Lahey States’ Private Law Conference.

 

30- What is the amount limit in cancelation?

– (1) in each bill of entry;

  1. a) Not exceeding 100.000 dollars and its equal, and without taking the force majeure into account, %10 of the amount in the documentation or declaration, (including the shortcomings stemmed from insurance costs) and without taking the payment model into account,

 

  1. b) ) Not exceeding 200.000 dollars and its equal, and without taking the force majeure into account in accordance with the 9th article, %10 of the amount in the documentation or declaration

 

Is canceled and closed by Tax Office Administration or/and Tax Office Institution.

 

(2) However, the maxim of b) is finalized by the Ministry of Finance.

 

31- Which Institution will decide the basis and procedures of implementation?

Basis and Procedures decided by the relevant ministry will be announced by the Central Bank.

 

32- Will the liabilities continue, after notification is abolished?

 

If the notification is abolished, the liabilities continue when the actual export date exceeds the abolition date.

 

33- When the notification is gone into force?

 

Mentioned notification is gone into force on the 4th September 2018, and published in the official journal.

 

34- When will it prevail?

The obligations of the notification prevail within six months after its going into force.

 

35- Which ministry will perform its obligations?

Obligations of the notification will be performed by the ministry of finance.

 

CEM GENİŞ

Independent accountant and financial advisor
Karenaudit.com

Istanbul, 13 Sep 2018

 

 

 

 

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DECISION ON MAKING CHANGE IN THE DECREE NUMBERED 32 REGARDING PROTECTING VALUE OF TURKISH CURRENCY

 

DECISION ON MAKING CHANGE IN THE DECREE NUMBERED 32 REGARDING PROTECTING VALUE OF TURKISH CURRENCY

 

ARTICLE 1- Below article is added in the article numbered 4 of the decision of protection of the value of Turkish currency law; decree numbered 32 and published on 7/8 /1989.

“g) Inhabitants of Turkey are not allowed to agree upon in foreign currency or foreign currency indexed prices when they come to an agreement inter se on selling and purchasing property, property renting, including vehicle renting, leasing,  except for the situations outside of the ministry’s decision.

ARTICLE 2- Provisional article is adding the same decree.

Provisional Article 8- Within thirty days beginning from this decree’s 4th article, ((g) decree) coming into force,  amounts that the parties came to an agreement on foreign currency in the agreements mentioned in this decree, are determined by the new law as Turkish currency, (lira) except for the situations outside of the ministry’s decision. “

ARTICLE 3- This decree comes into force on its date of issue.

ARTICLE 4This decree is executed by the ministry of finance and the department of treasury.

 

 

 

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In 2017 there were 28 thousand 126 libraries in Turkey

Library Statistics, 2017
Number of books in the National Library was 1 million 410 thousand 489

The number of books in National Library was 1 million 410 thousand 489 in 2017 with an increase of 8.6%. Other materials in National Library was 184 thousand 316 in 2017 with an increase of 18.4% compared to 2016.

Number of beneficiaries decreased by 1% in the National Library

The number of beneficiaries of the National Library decreased by 1% in 2017 compared to 2016 and dropped to 629 thousand 905. In the same period, number of registered members of National Library decreased by 1.9% and became 26 thousand 478.

Number of books, persons benefiting and registered members in public libraries, 2013-2017

Number of books in the public libraries increased by 6.2%

The number of public libraries increased by 0.8% in 2017 compared to the previous year and reached 1 146 in 2017. The number of books in the public libraries increased by 6.2% in 2017 compared to 2016 and reached 19 million 993 thousand 613.

Number of registered members of public libraries increased by 29.7%

The number of registered members of public libraries increased by 29.7% in 2017 compared to 2016. It was 2 million 201 thousand 39 in 2017. The number of beneficiaries of public libraries increased by 7.8% in 2017 compared to the 2016. It was 25 million 91 thousand 232 in 2017. The number of other materials in public libraries decreased by 2.4% in 2017 compared to 2016.

Number of books in the university libraries increased by 7.5%

The number of university libraries increased by 2.2% in 2017 compared to 2016 and reached to 564. The number of books in university libraries increased by 7.5% in 2017 compared to 2016 and became 16 million 385 thousand 532. The number of members registered in university libraries increased by 0.1% in 2017 compared to 2016. It was 3 million 814 thousand 500 in 2017.

Number of the books and registered members of university libraries by years, 2013-2017

Number of formal and non-formal education libraries decreased by 3.2%

The number of formal and non-formal education libraries which covered official schools, private schools and the private courses was decreased by 3.2% in 2017 compared to 2016. It was 26 thousand 415 in 2017. Number of books in the formal and non-formal education libraries decreased by 2.6% in 2017 compared to 2016. It was 26 million 707 thousand 127 in 2017.

Number of books in the libraries by years, 2013 – 2017


Source: TSI
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 MuhasebeNews 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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Maximum production and delivery were in lignite

Solid Fuels, May 2018
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Households allocated the highest share to housing and rent expenditures

Household Consumption Expenditures, 2017

According to the results of 2017 household budget survey; while the expenditures on housing and rent had the highest share in total consumption expenditures with a rate of 24.7%, the share of expenditures on food and non-alcoholic beverages was 19.7% in overall Turkey. The groups which had the lowest shares in total expenditures were health expenditures and educational services expenditures with the rates of 2.2% and 2.3% respectively.

The monthly average equivalised consumption expenditures were 1 854 TL

The monthly average equivalised consumption expenditures were 1 642 TL in 2016 and 1 854 TL in 2017.

The share of transportation in total expenditures had the highest increase

According to the results of the survey, the share of transportation expenditures increased from 18.2% to 18.7% with an increase of 0.5 points compared to the previous year. The share of food and non-alcoholic beverages increased to 19.7% from 19.5%. The share of various good and services expenditures was 4.4% in 2017 while 4.2% in 2016. The share of health expenditures increased to 2.2% from 2% and also the share of alcoholic beverages, cigarette and tobacco expenditures increased to 4.5% from 4.4%.

On the other hand, the share of housing and rent expenditures in total expenditures decreased from 25.2% to 24.7% with a decrease of 0.5 points compared to the previous year. The share of communication expenditures decreased from 3.7% to 3.4%. The share of expenditures on restaurant and hotels was 6.2% in 2017 while 6.4% in 2016. The share of clothing and footwear expenditures decreased to 5% from 5.2%. The share of entertainment and culture expenditures also decreased from 2.8% to 2.7%.

The share of expenditures on furniture, house appliances which were 6.3% and the share of educational services expenditures which were 2.3% remained unchanged from 2016 to 2017.

Distribution of household consumption expenditures by expenditure types, 2016, 2017

The share of food expenditures of low-income households was twice more than that of high-income households

When looking at the distribution of consumption expenditures by quintiles ordered by income in 2017, it was observed that the share of housing and rent expenditures was 31.9%, food and non-alcoholic beverages expenditures was 28.6%, transportation expenditures was 10.2% and furniture, house appliances expenditures was 5.7% for households in the first quintile (the lowest quintile).

The share of transportation expenditures was 23.9%, housing and rent expenditures was 20.9%, food and non-alcoholic beverages expenditures 14.6% and restaurant and hotels expenditures was 7.1% for households in the fifth quintile (the highest quintile).

Distribution of consumption expenditures by quintiles ordered by income, 2016, 2017

Expenditure patterns changed according to households’ main source of income

While households whose main source of income was wages and salaries allocated 23.2% share for housing and rent, 19.5% for transportation and 18.2% for food and non-alcoholic beverages, households whose main source of income was entrepreneurial income allocated 23.7% share for transportation, 20.8% for housing and rent and 18.8% for food and non-alcoholic beverages.

Households whose main source of income was property income, interest and dividends allocated 29.2% share for housing and rent, 18.5% for transportation and 14.6% for food and non-alcoholic beverages. Households whose main source of income was pensions allocated 30% share for housing and rent, 25.7% for food and non-alcoholic beverages and 12.8% for transportation.

The next release on this subject will be on July, 2019.

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You Should Submit the Statement of Employment the Day Before in Turkey!

1- When Should the Employer Submit the Statement of Employment To SSI?
If an employer employs an insured worker, he/she should submit the statement of employment to SSI BEFORE the insurance contingency.

2- In What Kinds Of Workplaces Can an Employer Submit the Statement of Employment on the Day When the Work Starts?
– In construction works,
– In fishing industry,
– In agricultural labor
an employer can submit the statement of employment on the day when the work starts.

3- If the Statement of Employment Is Not Submitted On Time, How Much Penalty Will An Employer Pay?
If the statement of employment and general health insurance are not submitted on time and

  • If they are not in a specified form and in order
  • Even though it is obligatory to send them in internet environment, electronically and so forth, if they are not sent as mentioned,

The employer will pay administrative fine valuing at minimum wage for each insured employee. The amount of penalty is 2.029,50 in 2018.


Source: The Insurance Law No. 5510 (Article 8)

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How to do the Closing of SSI Premium Debts Made an Installment Plan within the Scope of the Law Numbered 6736?

HOW TO DO THE CLOSING OF SSI PREMIUM DEBTS MADE AN INSTALLMENT PLAN WITHIN THE SCOPE OF TAX AMNESTY LAW NUMBERED 6736?
On condition that one would like to pay all SSI premium debts which are made an installment plan within the scope of Tax Amnesty Law numbered 6736 in shorter term than the preferred installment plan;
1- First of all, installment difference should be calculated again according to coefficient belonging to the number of installments.
2- After that, remaining amount of installment should be collected through installment difference calculated according to related coefficient.

As a result of that, employers, who would like to pay SSI premium debt payment being within the scope of the law numbered 6739 at once, should choose inquiry type titled “83 – 6736 Installment Plan Closing Receipt” in the collection page of the bank.

Source: SSI

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2nd Installment Payment of Motor Vehicles Tax Has Begun!

2nd installment payment of Motor Vehicles Tax belonging to 2017 began on 1 July 2017.

Tax payers can make 2nd installment payment of Motor Vehicles Tax belonging to 2017;
1- by using Revenue Administration Mobile Application (IOS and Android).
2- Via credit card and bank card by logging in between 02:00 – 22:00 “Debt Inquiry and Payments” field taking place in official webpage of Revenue Administration (www.gib.gov.tr).
3- By using internet banking of contractual banks or applying to bank branches.
4- By applying to tax offices authorized to collect Motor Vehicles Tax or to tax offices in where tax payers are registered in terms of Motor Vehicles Tax.

***In order to avoid any kinds of unjust treatment originated from payments made via internet, one should be careful that he/she logs in the system by writing www.gib.gov.tr in the browser or via the official webpage of the banks.

Source: Revenue Administration

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