Post by amina147 on Mar 6, 2024 11:05:08 GMT
Turkish Accounting Standards Valuation differences between the Turkish Financial Reporting Standards and the provisions of the Tax Procedure Law, exchange rate difference income arising from the appreciation of the Turkish Lira at the borrowing institution in borrowings considered as disguised capital, cancellation of severance pay provision, numbered , which is offset against tax debts and taken into account as income. Additional tax will not be calculated on amounts such as the right to deduction within the scope of Article bis of the Law.
Within the scope of the double taxation avoidance agreements in force , in cases where Turkey does not have the right to tax due to the taxation right being in the relevant country or Austria Phone Numbers List where the earnings in question must be exempted in Turkey, the earned income is included in the corporate income and declared in the declaration with Other deductions and Other deductions and Amounts deducted from the tax base in the Exceptions lines will not be subject to additional tax. In addition, earnings exempt from corporate tax in accordance with other bilateral or multilateral international agreements in force are not within the scope of additional tax.
Corporate taxpayers classified as micro and small enterprises within the scope of the Regulation on Definition, Qualifications and Classification of Small and Medium-Sized Enterprises ; R&D and design discounts from technology development zones and the R&D and design expenses of taxpayers who have R&D and design centers in these centers are outside the scope of additional tax. On the other hand, taxpayers in this scope are required to calculate additional taxes due to other deductions and exemptions within the scope of additional taxes and reduced corporate tax bases. As of ., the publication date of Law No. , taxpayers within the scope of micro and small enterprises are required to submit the document they received from the Small and Medium Enterprises.
Within the scope of the double taxation avoidance agreements in force , in cases where Turkey does not have the right to tax due to the taxation right being in the relevant country or Austria Phone Numbers List where the earnings in question must be exempted in Turkey, the earned income is included in the corporate income and declared in the declaration with Other deductions and Other deductions and Amounts deducted from the tax base in the Exceptions lines will not be subject to additional tax. In addition, earnings exempt from corporate tax in accordance with other bilateral or multilateral international agreements in force are not within the scope of additional tax.
Corporate taxpayers classified as micro and small enterprises within the scope of the Regulation on Definition, Qualifications and Classification of Small and Medium-Sized Enterprises ; R&D and design discounts from technology development zones and the R&D and design expenses of taxpayers who have R&D and design centers in these centers are outside the scope of additional tax. On the other hand, taxpayers in this scope are required to calculate additional taxes due to other deductions and exemptions within the scope of additional taxes and reduced corporate tax bases. As of ., the publication date of Law No. , taxpayers within the scope of micro and small enterprises are required to submit the document they received from the Small and Medium Enterprises.