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09 March 2016

A Quick Look into the Turkish Tax System

Turkey which is the 18th economy in the world with its 2014 (1) GDP almost reaching 800 billons of US dollars plays a significant role in the global economy. We understand the importance of this role, not only through effects of changes in the Turkish economy on the rest of the world, but also by the fact that more and more foreign investors including huge multinational companies prefer to invest in Turkey. International actors pay attention to some indicators such as law system, political and economic stability, quality of human resources, tax system etc. while they make a decision related investment in Turkey.

17 February 2016

Taxpayers With Single Entry Bookkeeping Responsibility Need to File Taxes by February 25

Taxpayers whose revenues consist of merely commercial earnings determined through single entry accounting procedures (bookkeeping) are expected to file their tax returns to respective tax offices between 1 - 25 February, 2016. Tax amount computed on the tax base declared with annual tax return is to be paid in two equal installments, first until 29th February and the second until 30th June, 2016.