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Legislation - CottGroup Holistic Business Services

05July2019

2019 2nd Period - Maximum Severance Payment Amount Has Been Declared

According to the 27998389 - 010.06.02.205248 numbered Circular published by the Ministry of Treasury and Finance with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a public officers have been revised effective 01.07.2019.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Taxation Law, Labor Law

04July2019

Motor Vehicle Tax Payment for 2019 2nd Period

Vehicle owners are liable to pay Motor Vehicles Tax (MTV) twice every year.

Author Selma Kıy, Category Taxation Law

01July2019

Second Payment Term of Income Tax for 2019

The income generated from renting commodity and rights, which are indicated in the 70th Article of the Income Tax Law, is defined as “estate capital revenue” and these revenues are subject to income tax under certain circumstances.

Author Selma Kıy, Category Taxation Law

28June2019

2018 Closing Ratifications of General Journals

As it is clearly indicated in the 64th article of Turkish Commercial Code numbered 6102; every merchant is liable to keep commercial journals, and expose commercial transactions, financial and fiscal status of the commercial enterprise, debt and credit relations and outcomes obtained in every accounting period in accordance with the related Law.

Author Selma Kıy, Category Taxation Law

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