Companies submit some periodical declarations to their tax offices in Turkey. Tax declarations have to be approved and submitted by CPAs. Therefore companies must have a service contract with CPAs. Generally companies must submit following declarations to tax offices periodically:
- VAT (Monthly)
VAT declaration is submitted to relevant tax authorities’ electronic system for each month at the latest 24th of following month. VAT declaration must be submitted even if your company does not have any activity. Please visit our guide’s VAT section in order to get more information about VAT tax.
- Withholding Tax-Social Security (Monthly/Quarterly)
Withholding tax declaration is submitted to relevant tax authorities’ electronic system for each month at the latest 23rd of following month. Companies are obliged to pay income tax and social security premiums of their employees under this declaration. Companies may choose to declare withholding tax declaration in quarter periods if numbers of employees are less than 10. Please visit our guide’s personnel income tax and social security sections in order to get more information about withholding and social security tax.
- Stamp Tax (Monthly)
Stamp tax declaration is submitted to relevant tax authorities’ electronic system for each month at the latest 23rd of following month. Stamp tax applies to a wide range of documents, including (but not limited to) contracts, agreements, notes payable, letters of credit and letters of guarantee, financial statements and payrolls. Companies do not have to submit stamp tax declarations if they do not sign contracts for relevant month. Please visit our guide’s stamp tax section in order to get more information about stamp tax.
- Advance Corporate Income Tax (Quarterly)
Advance corporate income tax declaration is submitted to relevant tax authorities’ electronic system for each quarter at the latest 14th of following second month. Income of corporations must be declared in each quarter. Total taxes paid with advance corporate income tax declaration within the year are deductible from annual corporate income tax declaration.
- Corporate Income Tax Declaration (Annually)
Corporate income tax declaration is submitted to relevant tax authorities’ electronic system for each year at the latest 25th of following fourth month of financial year.
You can find more detailed information in the guide.