Post by account_disabled on Mar 16, 2024 2:08:34 GMT -5
The applied only to earnings from production activities and the general corporate tax rate will be applied for other earnings. HOW WILL BOOKS BE KEPT Since the earnings for which the discounted rate will be applied are those obtained exclusively from production activities the merged institution must keep accounting records in a way that allows the earnings related to production activities to be determined separately from other earnings. IF THE ACTIVITY IS STARTED IN A DIFFERENT FIELD FROM THE FIELD OF ACTIVITY DURING THE TRANSFER WILL THE DISCOUNT ALSO BE APPLIED TO THE PROFIT FROM THIS ACTIVITY After the transfer date.
If production activities are started in areas different from the areas in which activity was carried out as of the transfer date the corporate tax rate may be applied at a reduced rate within the scope of the said regulation to the earnings B TO B Database obtained from these new production activities during the remaining period. WHAT HAPPENS IF THE SME QUALIFICATION IS LOST AFTER THE MERGER The fact that the merged institution loses its SME status after the merger will not prevent the corporate tax rate from being applied at a reduced rate on its earnings obtained exclusively from production activities.
The Council of Ministers is authorized to differentiate the discount rate of up to in mergers to be made within the scope of the law separately or together according to sectors business lines production areas regions accounting periods or for institutions that produce medium and high technology products or export manufacturers. Although there is no published decision at the moment it is considered that it will be made public soon.Issuance of signature circular When establishing a company in Turkey one needs to adhere to the following rules and regulations Submitting the memorandum and articles of association online at MERSIS Pursuant to the.
If production activities are started in areas different from the areas in which activity was carried out as of the transfer date the corporate tax rate may be applied at a reduced rate within the scope of the said regulation to the earnings B TO B Database obtained from these new production activities during the remaining period. WHAT HAPPENS IF THE SME QUALIFICATION IS LOST AFTER THE MERGER The fact that the merged institution loses its SME status after the merger will not prevent the corporate tax rate from being applied at a reduced rate on its earnings obtained exclusively from production activities.
The Council of Ministers is authorized to differentiate the discount rate of up to in mergers to be made within the scope of the law separately or together according to sectors business lines production areas regions accounting periods or for institutions that produce medium and high technology products or export manufacturers. Although there is no published decision at the moment it is considered that it will be made public soon.Issuance of signature circular When establishing a company in Turkey one needs to adhere to the following rules and regulations Submitting the memorandum and articles of association online at MERSIS Pursuant to the.