Corporation Tax Exemption in Asset Sales of Limited and Joint Stock Companies in Türkiye
Corporation Tax Exemption in Asset Sales of Limited and Joint Stock Companies in Türkiye
Corporation Tax Exemption in Asset Sales of Limited and Joint Stock Companies in Türkiye
Status of Corporate Tax exemption and Foreign Exchange Differences in the sale of real estate in the company's assets in Turkiye
Corporate Tax Exemption for Foreign Subsidiary Earnings of Companies Headquartered in Turkiye
Corporate Tax Exemption on Earnings of Funds and Investment Trusts Established in Turkey
Emission Premium Earnings Exemption Application in Turkiye
According to the Income Tax Law No.193, incomes of real persons are subject to the income tax. Income items subject to the income tax are commercial incomes, agricultural incomes, salaries / wages, incomes from independent personal services, incomes from immovable property and rights (rental incomes), incomes from capital investment and other income and gains.
A rise in general index was realized in CPI (2003=100) on the previous month by 4.81%, on December of the previous year by 16.45%, on same month of the previous year by 54.44% and on the twelve months moving averages basis by 25.98% in February 2022.
The support amounts to be received as a grant must be taken into a special fund account in the accounting records on the date of receipt. The amounts in this account should not be included in the corporate income and the R&D and design expenditures made from this amount should not be subject to R&D and design deduction.
Foreign companies operating in technology development zones by opening companies in Turkey will also be able to benefit from support and incentives such as income tax, corporate tax, VAT, SGK premium, Customs tax, Stamp tax, grants and incentives provided to companies in these regions. . low interest loans.
In case the wage income received from a single employer and taxed through deduction in 2021 exceeds the amount in the fourth income bracket of the Turkish income tax tariff (650.000 TL for 2021), it will have to be declared to the tax office with its annual declaration in Turkey. If the wage income does not exceed the amount in the fourth income bracket of the tax tariff (650,000 TL for 2021), an annual return will not be submitted. These incomes will not be included in the return.