HOW WE WORK
WHAT WE DO
Checking that returns and calculations comply with legislation; preparing documents and calculations for VAT matters and refund procedures.
Identifying risk areas in records, returns and transactions; assessing the impact of new regulations on the business.
Assessing eligibility for investment incentives, R&D and design deductions and similar schemes; analysing the tax effect of investment, financing and restructuring decisions in advance.
Preparing for inspections and responding to information and document requests; coordinating with legal counsel in dispute proceedings.
REGULATORY RADAR
EPISODE 6 · IN TURKISH
Asset amnesty
For cash, gold, foreign currency and securities not recorded in the statutory books, the tax rate falls from 5% to 0% depending on how long the asset is held; declarations are made to a bank by 31 July 2027.
Law No. 7582 · Official Gazette, 4 June 2026
EPISODE 10 · IN TURKISH
95% deduction on transit trade
95% of the profit from goods bought and sold without entering Türkiye may be deducted from the tax base; the profit must be brought into Türkiye by the tax return deadline.
Corporate Income Tax Law No. 5520, Art. 10/1-ı · Law No. 7582, Official Gazette 4 June 2026
EPISODE 2 · IN TURKISH
FX gains, minimum capital and TSRS: deadlines extended
The foreign exchange gain exemption was extended to 1 January 2028 and the deadline for meeting minimum capital to 31 December 2027; TSRS transition reliefs also cover 2026 reports.
Official Gazette 10 Oct 2026 · 17 Oct 2026 · KGK, Official Gazette 22 Oct 2026
Videos are for general information only and do not constitute professional advice.
FAQ
Under TAS 12, it is the tax effect of temporary differences between the carrying amounts of assets and liabilities in the financial statements and their tax bases. It reflects in today’s financial statements the tax that will be payable or deductible in future periods.
Under Article 371 of the Tax Procedure Law, if a taxpayer voluntarily discloses an incomplete or incorrect return before a tax audit begins or a report is made, no tax loss penalty is imposed; the tax is paid together with a voluntary disclosure surcharge.
It depends on the type of refund. For refund claims above certain amounts, a sworn-in CPA (YMM) report or a tax audit report is required, at the taxpayer’s choice. The thresholds are set out in the VAT General Implementation Communiqué.
Depending on the type of certificate: VAT exemption, customs duty exemption, reduced corporate income tax, and support for the employer’s share of social security premiums, among others.
The audit begins with an official record. The books and documents requested must be submitted within the periods set out in the Tax Procedure Law. Reviewing records and returns in advance at this stage helps the process run smoothly.
Let’s arrange a meeting to discuss what your business needs.