Dec.27, 2024 – Law No. 7537 Amending Tax Laws Adopted

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Wages paid to private yacht captains and officers should be interpreted as exempt from income tax

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The service provided by the US resident company within the scope of the international patent application is considered as a self-employment activity and the taxation right of the income obtained by the US resident company due to the service in question belongs only to the USA, unless the activities in question are performed in Turkey

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The services provided by limited taxpayer organisations in Turkey under the name of management and consultancy services are considered as know-how, i.e. technical know-how, if they meet the 5 conditions (Knowledge/Experience; Obligation; Materiality; Materiality; Transfer; Confidentiality)

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Unless it can be demonstrated with concrete and legally valid evidence that the invoices are not based on a real delivery of goods and performance of services, it cannot be concluded that the invoices are forged

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The payment made to the worker who has a work accident can be taken into consideration as an expense in the determination of commercial income

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Steel pile pipe manufacturing and coating and other manufacturing services provided to the contractor company as a subcontractor within the scope of the port construction work over the years should be subject to VAT withholding within the scope of the construction work

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It is possible to deduct the VAT amounts related to the payments made for participation in organisations such as trainings, professional symposiums and congresses, which are mandatory for the execution of professional activities

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In the event that the high VAT base declared by the taxpayer is clearly disproportionate to its commercial capacity, it is in accordance with the law to conclude that the invoices issued by the taxpayer are forged

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Services to be provided by artists brought from abroad; Considering that the service will be provided in Turkey and will be benefited in Turkey, it is subject to VAT in accordance with Article 1 of the VAT Law, and the calculated VAT must be declared and paid with VAT declaration No.2

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