September 2021 / Sistem Global Newsletter Summary
21 October 2021
November 2021 / Sistem Global Newsletter Summary
17 December 2021
| TAX CONSULTACY📝 |
| THE VAT RATE ON USED MOBILE PHONES HAS BEEN REDUCED TO 1%! Together with the decision of the president; provided that mobile phones that have been used for at least one year have been renewed and certified, Renewal centers and authorized dealers have guaranteed the renewed product and the VAT rate on their delivery has been reduced to 1%. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| WHAT IS INCLUDED IN THE NEW BAG LAW? The article 64 tax procedure code, which was submitted to the grand national assembly of Turkey on October 1, 2021, and the draft law on amending some laws stand out many radical regulations that can be considered in the proposal. With these regulations, it has been stated that it is aimed to implement changes that monitor the compliance of taxpayers with taxes, increase tax security, strengthen social justice and the competitive environment, encourage investments, end disputes and ensure predictability in tax practices. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| THE APPLICATION PERIOD OF SOME WITHHOLDING RATES HAS BEEN EXTENDED UNTIL 12/31/2021! “Decision on Withholding Rates Contained in Provisional Article 67 of the Income Tax Code No. 193 (Number of Decisions: 4561)” was published in the Official Gazette No. 31615 dated October 2021. With this decision, the application period of some withholding rates that have been reduced in accordance with temporary article 67 of the income tax code and detailed below has been extended until 31/12/2021. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| AMENDMENTS HAVE BEEN MADE TO THE GENERAL COMMUNIQUÉ ON INCOME TAX SERIAL NUMBER 252 ON THE DEDUCTION OR CASH REFUND OF TAXES PAID BY DEDUCTION Summary of the issue: The general communique on income tax no. 315 serial, published in the Official Gazette dated October 6, 2021, has been published. Amendments have been made to the general communiqué on income tax serial number 252, which explains the deduction or cash refund of taxes paid by deduction. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| THE OFFICIAL COMMUNIQUÉ NO. 532 WAS PUBLISHED, WHICH INTRODUCED SOME CHANGES TO THE LEDGER DECLARATION SYSTEM AND THE ELECTRONIC DECLARATION SYSTEM! The tax procedure law communiqué No. 532 on amending the general communiqué No. 486 of the tax procedure law was published in the Official Gazette dated 19.10.2021 and entered into force. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| WHAT IS CONTAINED IN LAW NO. 7338 AND THE LAW? On October 26, 2021, the Law on amendments to the tax procedure law and some laws was published in the Official Gazette. It was stated that with these regulations, which envisage changes in many tax regulations, it is aimed to implement changes that ensure taxpayers’ compliance with taxes, increase tax security, strengthen social justice and a competitive environment, encourage investments and end disputes, and ensure predictability in tax practices. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| WHAT IS INCLUDED IN THE TAX PACKAGE OF LAW NO. 7338? NEWSLETTER SERIAL NO:2 The social content producer also pays taxes to those who earn money on the Internet and create applications for mobile devices; the sum of their earnings does not exceed the amount contained in the fourth income tranche of the tariff written in Article 103 of the Income Tax Code (650,000 TL for 2021), The social network providers on the internet, through text, image, audio, video content, such as those who share that develops applications for mobile devices such as smart phone or tablet with application sharing through electronic sales platforms and those who profit, on the condition that it opened a bank account where their earnings will be deposited into account the underlying price of over 15% tax is to be paid to the government by the bank related to a regulation that was introduced. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| WHAT IS SPECIAL ABOUT R & D / DESIGN CENTER AND TECHNOPARKS IN THE TAX PACKAGE OF LAW DEC. 7338? NEWSLETTER SERIAL NO: 3/6 Accelerated depreciation decommissioning for manufacturers, R&D Centers and Turkish Youth Union companies is still being implemented; The application of accelerated depreciation, which was previously applicable until the end of 2019, has been reintroduced. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| WHAT ARE THE INCENTIVE DISCOUNT APPLICATIONS IN THE TAX PACKAGE OF LAW NO. 7338? NEWSLETTER SERIAL NO: 4/6 High interest deduction will be brought to the capital from abroad are provided; Cash capital increase arising from the deduction of interest with the institution strengthening the capital structure of the company, equity financing and promoting our country to foreign capital/inflows of funds from abroad for the purpose of increasing the cash brought in from abroad for the portion of the capital increase in cash capital ratio has been revised as 75 per cent of the cash paid. This rate was applied as 50 percent in the current situation. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| WHAT ARE THE IMPORTANT TAX PRACTICES IN THE TAX PACKAGE OF LAW NO. 7338? NEWSLETTER SERIAL NO: 5/6 Taxpayers who wish can switch to a day basis for allocating depreciation and freely determine the depreciation rate; Taxpayers can start allocating depreciation on a day basis on the date when it is ready for use for economic assets that will be newly registered in the operating asset (except passenger cars) and for the period it remains in the asset. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| WHAT IS INCLUDED IN THE TAX PACKAGE OF LAW NO. 7338? NEWSLETTER SERIAL NO: 6/6 July March and July, the annual income tax accrued on the annual income tax is set to be paid in two equal installments, one month apart. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| THE RIGHT TO SPEND TIME OUTSIDE RELATED TO THE DEC OF R & D / DESIGN CENTERS AND TECHNOPARK ACTIVITIES FROM THE OUTSIDE WILL BE APPLIED AS 50% UNTIL 31.12.2022! R&D / Design centers in the areas of technology development activities are carried out from outside the region, which entered into force on February 1, 2021 in order of the date of Law No. 7263 brought with 20% of published in the official gazette dated 17 October 2021 spent outside of the right with the decision of President No. 4625 31.12.2022 up to 50% will be applied. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| R&D AND INNOVATION MANAGEMENT 🔍 |
| COMMERCIALIZATION MONITORING PROCESS HAS BEEN CREATED FOR PROJECTS SUPPORTED BY THE DEPARTMENT OF TECHNOLOGY AND INNOVATION SUPPORT PROGRAMS AFTER THE SUPPORT PROCESS HAS BEEN COMPLETED With the amendment made to the legislation of the support programs carried out by Department of Technology and Innovation Support Programs, the Commercialization Monitoring Process has been established for the projects after the support process has been completed. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| BUSINESS SOLUTIONS🎁 |
| THE VAT DEDUCTION APPLIED FOR FOOD AND DRINK SERVICES HAS ENDED The application of the VAT rate applied for food and beverage services as 1% instead of 8% due to the pandemic ended on 30.09.2021. For this reason, the tax exemption figure in the payroll parameters should be updated as of 01.10.2021. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| DOCUMENTS CAN BE ADDED ELECTRONICALLY DURING WORKPLACE REGISTRATION PROCEDURES With the circular No. 2021/36 dated 21.10.2021 and entitled “Amendments to the Circular No. 2020/20”, a number of conveniences have been provided for workplace registration procedures. As is known, the registration of a workplace is carried out through the E-Government in the “Declaration of the Workplace (from the Point of View of Insured Employees with 4-a)” menu. With the amendment made to the circular, the ability to add documents to the system during workplace registration was introduced. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| NEWS FROM US📣 |
| NOVEMBER SCHEDULE FOR ONLINE TRAINING COURSES… We are back in November with our Extensive Online Training Courses on Various Interesting Topics! 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
