I Introduction
We thank you for the trust placed in our services and our Team. We suggest you read this article which may be of interest to you if you are planning to set up a company in Turkey.
You will mainly find the following resources:
- The presentation of our services
- How are companies in Türkiye taxed?
- What are the corporate tax rates in Turkey?
- What are the tax advantages offered to companies in Turkey?
- What tax deductions are available for companies in Türkiye?
- What challenges do companies in Turkey face in terms of taxation?
- What are the advantages of using the services of LegalTech FIDULINK?
- Contact our experts now to find out about our services for companies in Turkey
II. Presentation of FIDULINK Services
The whole FIDULINK team, thank you for having thought of us to present the taxes for information only [may change according to the evolution]. We confirm that we can support you in the tax management of your company registered in Turkey, through the annual monitoring of your accounting for your company registered in Turkey and its start-up.
Here is a brief summary of the history and areas of expertise of the FIDULINK study.
The main objective of our Consulting Firm in Turkey [Experts, Lawyers, Accountants] is to create a solid relationship with our clients and provide a unique service in terms of quality and speed. We are constantly looking to improve the experience of our customers.
Excellence in support within everyone's reach, to enable everyone to achieve their full potential through their professional project.
Our consulting firm in Turkey specializes in company formation, accounting monitoring as well as administrative support and development in Turkey for entrepreneurs from all over the world. With our experience of more than 14 years of company creation services, we facilitate the life of entrepreneurs, offer effective and fast professional care in various commercial and financial operations for local and foreign companies. We can also provide legal assistance to our clients for the development and implementation of new business in Turkey.
III. Objectives of this article for support with FIDULINK
We understand that you need Turkish corporate tax advice and legal support to achieve the following objectives:
In this article, you will find explanations regarding the taxes for your company that will be registered in Turkey
IV. How are companies in Türkiye taxed?
In Turkey, companies are taxed according to the corporate tax system.
Companies registered in Turkey are taxed on their taxable profits at a rate of 20%.
Companies incorporated in Turkey are also subject to a tax on distributed profits, which is also 20%.
Companies registered in Turkey are also subject to a tax on undistributed profits, which is 10%.
These taxes are applied to companies on their taxable and non-taxable profits to ensure that companies pay their fair share of taxes.
V. What are the corporate tax rates in Türkiye?
In Turkey, corporate tax rates are regulated by the Corporate Income Tax Law. Turkish corporate tax rates are 20% for taxable profits below TRY 500 (Türkiye Lira) and 22% for taxable profits over TRY 500.
Companies in Türkiye who make taxable profits above TRY 2 million are subject to a tax rate of 25%. Companies that make taxable profits over TRY 10 million are subject to a tax rate of 27%.
Companies founded in Türkiye who make taxable profits above TRY 25 million are subject to a tax rate of 30%.
VI. What are the tax advantages offered to companies in Türkiye?
In Türkiye, companies can benefit from several tax advantages. These benefits are offered to encourage companies to invest and create jobs.
Companies registered in Turkey can benefit from a tax exemption on profits reinvested in their activity.
Companies incorporated in Turkey can also benefit from a tax exemption on profits reinvested in long-term investment projects.
Companies registered in Turkey can also benefit from a tax exemption on profits reinvested in short-term investment projects.
Companies registered in Turkey can also benefit from a tax exemption on profits reinvested in medium-term investment projects.
Companies in Turkey can also benefit from a tax exemption on profits reinvested in very long-term investment projects that are intended for research and development.
In addition, Turkish companies can benefit from a tax exemption on profits reinvested in very long-term investment projects that are intended for training and improving the skills of employees.
Finally, companies in Turkey can benefit from a tax exemption on profits reinvested in very long-term investment projects which are intended for the protection of the environment.
In short, companies in Turkey can benefit from several tax advantages to encourage their investments and job creation. These tax advantages can be applied to short, medium and long-term investment projects, as well as to projects aimed at research and development, training and improving the skills of employees and the protection of the environment.
VII. What tax deductions are available for companies in Türkiye?
In Türkiye, companies can benefit from various tax deductions. The main tax deductions available to businesses are:
1. Investment Allowance: Companies in Turkey can benefit from a tax allowance for investments made in tangible and intangible assets.
2. Deduction for research and development: Turkish companies can benefit from a tax deduction for expenses incurred in research and development.
3. Deduction for training and development: Companies registered in Turkey can benefit from a tax deduction for expenses incurred in the training and development of employees.
4. Deduction for interest on loans: Companies founded in Turkey can benefit from a tax deduction for interest on loans taken out to finance investments.
5. Deduction for health and safety expenses: Companies registered in Turkey can benefit from a tax deduction for expenses incurred in the health and safety of employees.
6. Deduction for environmental protection expenses: Companies registered in Turkey can benefit from a tax deduction for expenses incurred in environmental protection.
7. Deduction for export promotion expenses: Companies incorporated in Turkey can benefit from a tax deduction for expenses incurred in export promotion.
In addition, Turkish companies can benefit from various tax exemptions and reductions, including exemptions for exporting companies, high-tech companies and companies investing in special economic zones.
VIII. What challenges do companies in Turkey face in terms of taxation?
Companies in Turkey face many tax challenges. Turkish tax legislation is complex and constantly changing, which makes it difficult for companies to adapt to it. Additionally, Turkish companies face high tax rates, complex reporting and payment requirements, and frequent tax audits.
Companies incorporated in Turkey also have to deal with complex transfer pricing rules and procedures and documentation and reporting requirements. Companies incorporated in Turkey must also ensure that they comply with the rules and procedures regarding double taxation and the prevention of tax evasion.
Finally, companies incorporated in Turkey have to deal with complex rules and procedures regarding the deduction of expenses and requirements for reporting and paying taxes. Companies founded in Turkey must also ensure that they comply with rules and procedures regarding price control and the prevention of tax evasion.
IX. What are the advantages of using the services of LegalTech FIDULINK?
Team Fidulink offers a variety of benefits for entrepreneurs who wish to set up their own company in Turkey. The main advantages are:
– Full assistance for the creation and management of your company in Turkey. Fidulink Consultants help you navigate the process of developing your company in Turkey and ensure that all stages are taken into account. We take care of everything, for your peace of mind. Our specialists guide you to obtain the best tax management solutions by informing you about the changes, the current taxes… You will be surrounded by experts, lawyers, accountants according to your needs.
– Tools and resources to help you manage your company in Turkey. Fidulink consultants offer tools and resources to help you manage your business, understand laws and regulations, and find clients.
– Advice and tax knowledge to help you make informed decisions for your company in Turkey. Fidulink Consultants offer advice and knowledge to help you make informed decisions and ensure your business is on the right track.
– Support services to help you manage your company in Türkiye. Fidulink Consultants offers support services to help you manage your company tax-wise and ensure that you are always up to date with the latest information and best practices.
X. Contact our experts now to find out about our services for companies in Turkey
You can contact us via WhatsApp and Telegram or our internal support by going to our website homepage www.fidulink.com.
You can contact us by email: info@fidulink.com
All our contacts are present on our home page of our website. We invite you to visit it. We would love to hear from you, regarding your custom project in Turkey.
We are at your disposal to answer all your questions and help you set up your company in Turkey. Do not hesitate to contact us if you need help.
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