UPDATE ON THE VALUABLE RESIDENTIAL PROPERTY TAX
The Valuable Residential Property Tax, which was difficult to implement as it was first enacted, was made much more understandable and many issues were clarified upon the amendments introduced by the Law No. 7221.
Covid-19 Mevzuatta ve Mali Uygulamalarda Yaşanan Gelişmeler
Bu bölümde Vergi Departmanımız tarafından sizler için hazırlanan Covid-19 salgını sonucunda gerçekleştirilen günlük mevzuat ve mali uygulamalarla ilgili değişikliklere ulaşabilirsiniz.
VALUABLE RESIDENTIAL PROPERTY TAX
In order not to suffer from any loss of rights, it is required to make a timely appeal in the event that the notified value of the residential property does not correspond to the real value and also file lawsuits in relation to both the value and the tax before administrative courts and tax courts.
LAW NO. 7194 INTRODUCES NEW TAXES
Law No. 7194 on Digital Service Tax and Amending Some Laws and Decree-Law No. 375 introduced many new taxes.
VAT EXEMPTION CONCERNING THE REAL ESTATE SOLD TO FOREIGNERS
As per Article 13(i) of the VAT Law, the real estate sold as first delivery to foreign persons and institutions not resident in Turkey is exempted from VAT.
TAX DEDUCTIONS FOR DONATIONS AND AID
Donations and aid under social responsibility projects have recently become increasingly common. It is possible to deduct donations and aid from tax bases if they are made within the framework of the tax legislation.
A NEW REPATRIATION OF CAPITAL
A new Repatriation of Capital regulation was made with law numbered 7186 and dated 19 July 2019. After the first Repatriation of Capital regulation made in 2008, this new Repatriation of Capital is the fifth regulation.
ADDITIONAL TAXES TO SUPPORT BUDGET BALANCE
Due to the recession in the economy, tax revenues falling short of budget forecasts have paved the way for new taxes and similar duties to support the government budget, with more such changes expected to come in the months ahead.
WHY IS INTEGRATED REPORTING IMPORTANT FOR SUSTAINABILITY?
The heavy responsibility to leave a better future to the next generation in a period in which we are experiencing the pain of transitioning to a sustainable society from a consumer society requires that establishments determine their strategies within the framework of the development criteria.
UNFORGIVABLE MISTAKES OF ANGEL INVESTORS
The notion of angel investment in Turkey is even more recent than the concept of entrepreneurship. It is worth noting that it has been hardly two years since the introduction of the angel investment license in Turkey and currently the number of persons interested in angel investment remains at a couple of hundred. In light of this information and given that angel investment is still at the development stage, my article aims to offer advice to those who are currently investing in entrepreneurs and also to those who intend to become angel investors.