Tax Education Services Car dealers engaged in the trade of second-hand (used) motor vehicles could deduct input VAT which they recorded from output VAT that resulted from sales of used cars as defined below: If VAT applied with the rate of 1 % on the purchase, then calculate output VAT with the same rate while…
Communique (No. 506) To Amend The Communique on Depreciations Communique (No. 506) To Amend The Communique on Depreciations The depreciation rate for aircrafts and flight simulators has been determined as 4% by Revenue Administration while useful life is determined as 25 years. Useful life was 10 years for aircrafts while it was 6 years for…
Communique (No. 2019-32 / 53) To Amend The Communique (About The Export Returns) (No: 2018-32 / 48) Related To Decree On Protection Of Value Of Turkish Currency Communique (No. 2019-32 / 53) To Amend The Communique (About The Export Returns) (No: 2018-32 / 48) Related To Decree On Protection Of Value Of Turkish Currency In…
The provision for doubtful or bad debts according to Law of Tax Procedures in Turkey (VUK, Law No. 213) are allowed on certain conditions written in the Law. ABOUT THE PROVISIONS FOR THE DOUBTFUL OR BAD DEBTS IN THE COMPOSITION PROCESS The provision for doubtful or bad debts according to Law of Tax Procedures in Turkey (VUK, Law…
Overview of VAT Communique No:23 NEW AMENDMENTS WITH THE VAT COMMUNIQUE NO:23 The Communique No. 23 amends to the General Communique on VAT, published in the Official Gazette dated 15.02.2019 and numbered 30687, contains important explanations regarding the VAT Law and VAT refund system. 1- Input VAT on the invoices could be deducted from Output…
With Law No. 7161, published in the Official Gazette dated January 18, 2019 and numbered 30659, there are new amendments to the Certain Tax Laws. With Law No. 7161, published in the Official Gazette dated January 18, 2019 and numbered 30659, there are new amendments to the Certain Tax Laws. Here are the amendments…