20 June 2023
The latest on construction costs, house prices and house sales in Türkiye
In April 2023, general construction costs increased by 1 percent on a monthly basis and 53 percent on an annual basis.
Articles
08 June 2023
The earthquake tax (Additional Tax) divides taxpayers in two
On February 6, a tax called Earthquake Tax (Additional Tax) was enacted and implemented in order to meet the urgent financing needs that emerged as a result of the earthquakes that occurred in the Pazarcık and Elbistan districts of Kahramanmaraş and were called the disaster of the century.
08 June 2023
Mehmet Şimşek is the new Minister of Treasury and Finance
The new cabinet formed after the presidential election was published in the Official Gazette as the Presidential Decision No. 2023/284.
08 June 2023
VAT exemption for the 2023 UEFA Champions League Cup Final in Istanbul
Football fans will witness a very important moment in Istanbul on Saturday, June 10, 2023. The 2022/23 UEFA Champions League Cup match will be played between Manchester City and Inter at Istanbul’s Atatürk Olympic Stadium.
11 February 2022
The Economic Crisis After The Embargo Of The 1974 Cyprus Operation: Its Implications In Financial Markets, And Effects On Inflation, Interest And Fx Rates
The most important result of the Cyprus Peace Operation for Turkey is the embargo imposed by the United States. Namely, the point that the Turkish economy and industry has reached today is closely related to this issue.
19 December 2021
What Does the Future of Jobs Report Say About the Business World in 2025?
Technology forms the future of work. We have come a long way from the technical leap made possible by the internet's development, particularly in the 1990s, to the artificial intelligence that now dominates our agenda.
16 December 2021
The World Doesn't Yet Have Access To All Of The Information On The Omicron Variant
International organizations continue to work on the Omicron variant. To acquire definitive answers to queries regarding the Omicron, we will have to wait a few more weeks.
29 November 2021
The Green Deal from a Global Perspective
With its activities under the Green Deal, Europe seeks to achieve a carbon-neutral planet by 2050. Governments and international organizations have failed to take advantage of previous possibilities to mitigate global climate change's effects.
24 November 2021
Will the digital yuan become a surveillance tool?
Today, we are most likely seeing the transition from fiat to digital currency. China is one of the most forward-thinking nations in the transformation.
09 March 2021
What Can We Expect from the Global Trade in 2021?
The world hopes to recover from the negative impacts of the pandemic in 2021. The expectations have reached the top after a year of struggle to keep the pandemic under control. The global trade, which has largely gone into recession with the borders shutting down, is showing signs of recovery.
07 February 2021
Which issues stand out in the IMF’s report on Turkey?
IMF has published its report on Turkey within the scope of Article 4. The report addresses Turkey’s measures during the pandemic and lays out the country’s expectations from 2021.
15 September 2020
A Tax Revolt at Authorized Luxurious Automobile Dealers in Turkey
Last night I got an email containing the following news from Turkey’s biggest luxurious automobile distributers (which include (Audi, BMW, Ferrari, Jaguar, Jeep, Lamborghini, Land Rover, Maserati, Mercedes-Benz, Mustang, Porsche …)
04 May 2020
Base Erosion and Profit Shifting Country by Country Reporting and Turkey
Base Erosion and Profit Shifting is a Project developed by OECD and G20 in order to put an end to tax avoidance strategies that exploit gaps and mismatches in tax rules to avoid paying tax. For the purposes of dealing with international tax avoidance BEPS Package has been developed by OECD. Ultimate purpose of the project is establishing a modern international tax framework to ensure profits are taxed where economic activity and value creation occur.
26 April 2020
Limitations Profit Distribution in Turkey
Countries are taking both healthy and economic measures to address the negative effects of coronavirus (COVID-19). In this context, tools such as cash support and easy access to credit are used to protect households, small and medium-sized businesses, and self-employed businesses.
06 February 2020
New Tax on Properties Located in Turkey
Turkish Government has introduced a new property tax called “High Value Property Tax” According to the new legislation that introduced the tax, property is subject to that new tax if property is located in Turkey and if property is for use of residence and if the value of the property exceeds 5 million Turkish Lira according to the valuation done by Turkish Title Deed Registration Authority.
04 February 2020
A Critical Approach Towards “Valuable Housing Tax” Specific to Turkey
First of all, we can define the tax system as a system consisting of the sum of taxes applied in a country in a certain period. We can classify the taxes that make up this system according to various criteria.
26 October 2019
The New VAT System of Turkey
A new VAT(Value Added Tax) system for non-resident electronic service suppliers.
26 October 2019
Turkish Digital Tax Proposal
Ruling party of Turkey, Justice and Development Party has submitted a draft tax legislation to the Parliament introducing a new tax on revenue from digital services. According to draft, revenue from following services provided in Turkey is subject to digital service tax,