Tax lawyers in Turkey pave the way for obtaining significant contribution and valuable insight into tax matters. Indeed, the tax legal system is far from simple in Turkey.
Introduction
Individuals and companies find it very hard to understand and comply with the Turkish tax regulatory framework. There are a wide range of legislation and regulations. Our practice areas for tax provide the workable guidelines for taxpayers and also for tax law practitioners in Turkey.
For our work and all legal services on the matter of investment, please click on our “Practice Areas”, titled “Investment Advice”.
Is Turkey seen safe for business?
Turkey represents one of the safest and investment-friendly countries around the globe. Considering the growing rates of foreign currencies, cost-effective opportunities and direct governmental support to foreign direct investments, Turkey is also seen as a very popular investment area. Investment advice by Turkish business lawyers in Istanbul and in Ankara play a crucial role in supporting their investment projects for investors from a broad range of states.
What are tax laws in Turkey?
In a nutshell, pursuant to Article 66 and 73 of Turkish Constitution, the obligation to pay taxes based on financial resources is required as political responsibilities for all Turkish citizens. With regard to the tax legislation, there are three cornerstone regulations particularly dedicated to tax-oriented issues in Turkey:
firstly, Income Tax Code (Numbered 193),
secondly, Corporate Tax Code (Numbered 5520),
thirdly, Value Added Tax Code (Numbered 3065).
What is more, communiqués play a substantial role in the formulation of specific tax obligations for taxpayers.
For more information, take a look at our practice areas titled Tax Guide
Who may be a taxpayer under the Turkish Tax Regime?
It is useful to clarify at this juncture that the Turkish taxation system covers two main income taxes: personal and corporate income tax together with value added tax. Not only corporations but also individuals may be named as taxpayers in accordance with Turkish legal framework. Article 1 of Corporate Tax Law that following legal entities are responsible for paying taxes:
-Capital companies
-Cooperatives
-Public economic enterprises
-Economic enterprises owned by associations and foundations
-Joint ventures.
What is the specific role of tax lawyers in Turkey under the umbrella of Pi Legal Consultancy?
Our tax lawyers in Turkey understand, analyze and give proper advice on complex tax law procedures. Our solicitors are very capable of providing effective support for complicated taxation matters. We represent not only individuals but also large corporations from major sector businesses ranging from construction and automotive to telecommunications and informatics. Within the context of the right to property, among others, the case-law of the European Court of Human Rights has been closely observed by our legal experts.
Our tax practice covers, inter alia, as follows:
- Tax planning and structuring,
- Tax declaration and paying taxes,
- Escaping double taxation,
- Tax dispute resolution,
- Commercial transactions and transfer pricing,
- Indirect taxation,
- Transfer pricing,
- Mergers and acquisitions.
Conclusion
In the final analysis, tax lawyers in Turkey are aware of the fact that Tax Law requires the implementation of strict procedures, standards and sometimes penalties on individuals and companies. Double taxation has still been a matter of concern for leading sectors engaging in the international area. A full-fledged legal assistance for taxation represents such an enormous contribution of proceeding safely for foreign direct investments in Turkey.
Our Relevant Articles
All our articles and papers on emerging legal challenges for this area together with their fully fledged solutions are available online here.