The most important result of the Cyprus Peace Operation for Turkey is the embargo imposed by the United States. Namely, the point that the Turkish economy and industry has reached today is closely related to this issue.
Technology forms the future of work. We have come a long way from the technical leap made possible by the internet's development, particularly in the 1990s, to the artificial intelligence that now dominates our agenda.
International organizations continue to work on the Omicron variant. To acquire definitive answers to queries regarding the Omicron, we will have to wait a few more weeks.
With its activities under the Green Deal, Europe seeks to achieve a carbon-neutral planet by 2050. Governments and international organizations have failed to take advantage of previous possibilities to mitigate global climate change's effects.
Today, we are most likely seeing the transition from fiat to digital currency. China is one of the most forward-thinking nations in the transformation.
The world hopes to recover from the negative impacts of the pandemic in 2021. The expectations have reached the top after a year of struggle to keep the pandemic under control. The global trade, which has largely gone into recession with the borders shutting down, is showing signs of recovery.
IMF has published its report on Turkey within the scope of Article 4. The report addresses Turkey’s measures during the pandemic and lays out the country’s expectations from 2021.
Last night I got an email containing the following news from Turkey’s biggest luxurious automobile distributers (which include (Audi, BMW, Ferrari, Jaguar, Jeep, Lamborghini, Land Rover, Maserati, Mercedes-Benz, Mustang, Porsche …)
Base Erosion and Profit Shifting is a Project developed by OECD and G20 in order to put an end to tax avoidance strategies that exploit gaps and mismatches in tax rules to avoid paying tax. For the purposes of dealing with international tax avoidance BEPS Package has been developed by OECD. Ultimate purpose of the project is establishing a modern international tax framework to ensure profits are taxed where economic activity and value creation occur.
Countries are taking both healthy and economic measures to address the negative effects of coronavirus (COVID-19). In this context, tools such as cash support and easy access to credit are used to protect households, small and medium-sized businesses, and self-employed businesses.
Turkish Government has introduced a new property tax called “High Value Property Tax” According to the new legislation that introduced the tax, property is subject to that new tax if property is located in Turkey and if property is for use of residence and if the value of the property exceeds 5 million Turkish Lira according to the valuation done by Turkish Title Deed Registration Authority.
First of all, we can define the tax system as a system consisting of the sum of taxes applied in a country in a certain period. We can classify the taxes that make up this system according to various criteria.
A new VAT(Value Added Tax) system for non-resident electronic service suppliers.
Ruling party of Turkey, Justice and Development Party has submitted a draft tax legislation to the Parliament introducing a new tax on revenue from digital services. According to draft, revenue from following services provided in Turkey is subject to digital service tax,
Current Double Taxation Treaty between Turkey and Qatar has been signed in the year 2001 and is in force since January 1st of 2009. On the other hand, Turkey and Qatar has signed a new DTA on a date December 12 of 2016. New treaty will take place of the current agreement when whole process completed by each side for the entry into force of new agreement. Turkish side has completed the processes but since Qatar has not completed, new treaty is not in force yet.
Withholding tax rate on interest from bond issued by Turkish resident companies in abroad has been changed.
Countries like Germany, Ireland, Denmark, England, applies tax on plastic bag. Some other countries like China, Italy, Bangladesh, Brazil, South Africa totally ban plastic bag. Turkey has joined the countries that imposed tax on plastic bag.
Budget result of the first month of 2019 has been published by Ministry of Treasury and Finance. For the first month central budget result indicates 5 Billion TL surplus. Budget balance for same month of previous year was 1,7 billion TL plus. Performance of revenue and tax refund side of the budged detailed as follows.