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Taxation Law

 
27Mayıs2020

Income Tax Communiqué No: 311 Has Been Published

According to the general communiqué no: 311 which has been published by the Revenue Administration Directorate on 27.05.2020 explanations regarding taxation of salaries are as follows:

Taxation and Declaration of Salary Income Received from Single or Multiple Employers

Taxed by stoppage;

  1. In case of total income amount of taxpayers, who receive salary income from a single employer, exceeds the amount indicated in the fourth income bracket (600.000 TL for 2020) of the tariff written in the 103rd article,
  2. In case of total income amount of taxpayers, who receive salary income from more than one employer, exceeds the amount indicated in the fourth income bracket (600.000 TL for 2020), including the income received from primary employer,
  3. In case of taxpayers’, who receives income from more than one employer, total income received from the secondary employers exceeds the amount in the second income segment of the income tax tariff (49.000 TL for 2020),

Yazar Erdoğdu Onur Erol, Kategori Taxation Law

20Mayıs2020

Procedures and Principles of Dividend Distribution Limitation are Determined

Within the scope of Provisional 13th Article of Turkish Commercial Code numbered as 6102, added with 17/04/2020 dated and 7244 numbered Law; it has been decided that "until 30/09/2020, capital companies can only decide to distribute 25% of 2019 period net profit, previous years'profits and free capital reserves cannot be included within the decision, and company board cannot receive authorization of advance dividend payment from general assembly".

The communiqué published in the 31130 numbered Official Gazette on 17.5.2020, provides explanations regarding the procedures and principles of executing the provisional 13th article of the Turkish Commercial Code.

Yazar Selma Kıy, Kategori Taxation Law

13Mayıs2020

Submission and Payment Periods of Provisional Tax Returns are Extended to 28 May

Due to the curfew to be imposed within the scope of Covid-19 outbreak precautions, with the 12.05.2020 dated and VUK-130 / 2020-9 numbered circular, Revenue Administration of The Ministry of Treasury and Finance has extended submission and payment of Provisional Tax Returns, which belong to 2020 1st Provisional Tax Period (January-February-March), until the end of 28 May 2020, Thursday, instead of May 18 2020.

Yazar Selma Kıy, Kategori Taxation Law

05Mayıs2020

Remote Working Is Extended Until 27 May for Teknopark and R&D Companies

With the joint press statement given on 15 March 2020 by the Ministry of Family, Labor and Social Services, Ministry of Treasury and Finance and Ministry of Industry and Technology; it was declared that teknopark companies will be able to conduct their activities outside of the area until the end of April 2020, by notifying the ministry, and can continue to benefit from exemptions and incentives.

Yazar Selma Kıy, Kategori Social Security Law and Legislation, Taxation Law

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