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How Should Tax Calendar Tracking Be Structured for Foreign-Owned Companies?

Companies operating in Türkiye with foreign shareholders need a structured approach to managing tax declarations, payments, documentation, internal approvals, and reporting deadlines. The process can become more complex when financial information must also be communicated to shareholders, parent companies, regional finance teams, or headquarters located in different jurisdictions. A well-designed tax calendar for foreign-owned companies…

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How Should VAT Filing Periods Be Managed in Cash Flow Planning?

Rising sales do not necessarily mean that a business will have enough cash when its tax payment is due. As customers receive longer payment terms, supplier payments, payroll expenses and tax obligations may all fall within the same week. For this reason, VAT filing periods should be considered alongside collection and payment schedules as well…

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How Does the SSI Debt Deferral Process Affect Companies’ Short-Term Financial Planning?

When social security premium obligations cannot be paid on time, the issue extends beyond late-payment costs. Accumulated debt can simultaneously affect working capital, supplier payments, payroll budgets, and financing decisions. SSI debt deferral can spread an eligible overdue liability across an approved payment period, replacing a large immediate cash outflow with more manageable installments. However,…

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How Do e-Document and e-Invoice Processes Reduce Companies’ Tax Compliance Risk?

Electronic documents make the entire record chain—from issuing a commercial document and posting it to the accounting system to declaring and presenting it during an audit—more traceable. Properly structured e-Invoice processes enable invoices to be created in the required format, delivered securely to recipients, and retained centrally. This structure significantly reduces tax compliance risk arising…

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What Financial Preparations Should Companies Make When Checking Whether They Are Subject to Independent Audit in 2026?

A company’s independent audit obligation should not be evaluated through a single inquiry performed shortly before year-end. Total assets, annual net sales revenue and employee numbers must be compared across the relevant accounting periods. Subsidiaries, associates and intragroup transactions must also be reflected correctly in the calculation. When conducting a 2026 independent audit assessment, the…

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How Should Companies Prepare for the Global Minimum Top-Up Corporate Tax Notification Form?

Türkiye’s global minimum tax rules have introduced new reporting and notification responsibilities for constituent entities of multinational enterprise groups. In general, the rules apply when the group’s annual consolidated revenue exceeds the Turkish lira equivalent of EUR 750 million in at least two of the four fiscal years preceding the relevant fiscal year. Each Turkish…

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How Does the TRY 3,500 SGK Premium Support Affect Payroll Costs for Tourism Businesses?

Personnel expenses are among the largest operating costs in tourism, covering gross wages, employer social security contributions, unemployment insurance premiums, employee benefits and seasonal overtime payments. Introduced under Law No. 7590, the SGK premium support for tourism businesses aims to reduce the social security burden of eligible private-sector accommodation facilities holding a tourism operation certificate…

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“Dependent Document” from Migration Management to be Accepted as Valid for Health Activation Procedures of Foreigners

TAX CIRCULAR: 2026-105 // With the Circular No. 2026-20 published by the Social Security Institution (SGK), amendments have been made regarding the documents required in the general health insurance (GSS) health activation procedures of foreign nationals. Accordingly, for foreigners who cannot provide the standard documents (marriage certificate, passport, etc.) necessary for the determination of family ties, the "Applicant and Accompanying Person Information (Dependent) Document" issued by the Directorate General of Migration Management will be considered sufficient.

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What Is the VAT Rate in Turkey and When Does It Become Relevant for Companies?

VAT in Turkey, known locally as KDV, is an indirect tax applied to supplies of goods and services carried out within commercial, industrial, agricultural and professional activities. Imports of goods and certain cross-border transactions may also fall within the scope of Turkish VAT. Companies should therefore determine which transactions are taxable and which rates apply…

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How Should Foreign Companies Planning to Operate in Turkey Structure Their Accounting Process?

The accounting organization of a foreign-owned company entering the Turkish market should not be treated merely as a system for maintaining statutory records. The company’s legal structure, business model, revenue sources, workforce, import or export activities, and financial relationship with its parent company directly affect the scope of accounting. Therefore, accounting for foreign companies should…

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