{"id":71,"date":"2022-09-13T07:55:56","date_gmt":"2022-09-13T07:55:56","guid":{"rendered":"https:\/\/cpainistanbul.com\/?p=71"},"modified":"2024-07-22T20:13:03","modified_gmt":"2024-07-22T20:13:03","slug":"5-uses-of-artificial-intelligence-that-will-blow-your-mind","status":"publish","type":"post","link":"https:\/\/cpainistanbul.com\/?p=71","title":{"rendered":"Update on Turkish Business Structures and Taxation for 2024"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"71\" class=\"elementor elementor-71\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7e15d878 e-flex e-con-boxed e-con e-parent\" data-id=\"7e15d878\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5962dd30 elementor-widget elementor-widget-text-editor\" data-id=\"5962dd30\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p data-sourcepos=\"5:1-5:26\">As of July 2024, there are key developments in Turkish business structures and taxation that foreign investors and entrepreneurs should be aware of. Here&#8217;s a quick breakdown:<\/p>\n<ul data-sourcepos=\"7:1-7:38\">\n<li data-sourcepos=\"7:1-7:38\"><strong>Corporate Tax Rate Increase:<\/strong> The general corporate income tax rate has risen to <strong>25%<\/strong>. However, companies in the financial sector (banks, insurance, etc.) still face a higher rate of <strong>30%<\/strong>.<br \/><br \/><\/li>\n<li data-sourcepos=\"8:1-8:135\"><strong>Reduced Withholding Tax:<\/strong> The government introduced a welcome change by lowering the withholding tax rate on dividends to <strong>10%<\/strong>.<br \/><br \/><\/li>\n<li data-sourcepos=\"9:1-9:249\"><strong>IPO Incentive:<\/strong> Companies (excluding finance) that offer at least 20% of their shares through an initial public offering (IPO) on the Istanbul Stock Exchange can benefit from a reduced corporate tax rate of <strong>23%<\/strong> for five years after the IPO.<br \/><br \/><\/li>\n<li data-sourcepos=\"10:1-11:0\"><strong>VAT Rates Remain:<\/strong> The standard Value Added Tax (VAT) rates in Turkey are still set at <strong>1%, 10%, and 20%<\/strong>, applicable to various goods and services.<\/li>\n<\/ul>\n<p data-sourcepos=\"12:1-12:6\"><strong>This is just a high-level overview. For a comprehensive understanding of Turkish business structures and taxation, it&#8217;s crucial to consult with a professional CPA accounting and law firm.<\/strong><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Customers love simplicity and view it as a form of good customer service. Customers hate complexity, and it deters them from buying.<\/p>\n","protected":false},"author":1,"featured_media":60,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=\/wp\/v2\/posts\/71"}],"collection":[{"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71"}],"version-history":[{"count":4,"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=\/wp\/v2\/posts\/71\/revisions"}],"predecessor-version":[{"id":783,"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=\/wp\/v2\/posts\/71\/revisions\/783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=\/wp\/v2\/media\/60"}],"wp:attachment":[{"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpainistanbul.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}