Constitutional Court decision on taxation of salary income
The Constitutional Court of Turkey has issued a Decision which repeals the highest income tax bracket applicable for the salary income.
Click to continue...Our circulars on The Turkish Constitutional Court's annulment decisions
Click to continue...The withholding rate applied to the income derived from stocks has been decreased down to zero.
As of 14 November 2008, the withholding rate applied to the income derived from stocks has been decreased down to 0% (zero).
Click to continue...Our tax training services for banks and finance institutions
Content of the tax training prepared by our company for the employees of banks and finance institutions and information on the service conditions are provided below. If you wish that your bank or company receives such training, you can contact to Ates Konca (ates.konca@tr.ey.com) through the telephone number 0 (212) 368 57 76.
Click to continue...Fund shares that pertain to 2003 fiscal period and were not deducted or refunded shall be refunded.
In the Corporate Tax Code Circular promulgated on 25 September 2008 within the framework of the decree of annulment of the Constitutional Court, the Ministry of Finance provided explanations with respect to the rejection and refund of the fund share amounts pertaining to 2003 taxation period that were previously paid by the taxpayers yet were not deducted and refunded.
Click to continue...VAT rate of eye glasses and rims, and contact lenses, has been decreased from 18% down to 8%.
VAT rate of eye glasses and rims, and contact lenses, has been decreased ...
Click to continue...Code of Social Security and General Health Insurance has come into effect as of 1 October.
Under the Code of Social Security and General Health Insurance no. 5510 that has come into effect as of 1 October, three separate social security organizations concerning affiliated employees in private sector, self employed and public officials have been gathered under a single roof and comprehensive amendments have been introduced in social security system, especially in age and conditions of pension. Our short explanations on the regulations introduced with the Code no. 5510, of great and direct interest to everybody who lives in the country, can be accessed from here.
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