Corporate Tax

Andersen in Turkey provides tax services to clients, from daily tax accounting operations to complicated, international tax issues. Through the member firms of Andersen Global, Andersen in Turkey is able to provide clients with global resources to solve complex tax issues and guide business managers to make decisions that result in the most effective tax impact.

Tax is the result of the ongoing business, however there can be reliable and innovate models to prevent any tax risks in the future. Also, our deep analysis on your financials and tax data can improve your business by ensuring tax compliance.

Tax Consultancy Services

Analysis of all kinds of tax problems of companies and individuals involves revealing their situation under tax laws. Andersen in Turkey aims to solve existing problems and prevent potential problems in the future by making specific advisory. Also, our aim is quick and reliable solutions in consultancy.

Tax Review Consultancy

Tax review is a technical term that includes taxpayers “examined of taxpayers” records for compliance with tax laws by the Ministry of Treasury and Finance. In tax inspections conducted according to the provisions of the Tax Procedure Law, it is possible to face a penalty of up to millions or billions. A profound analysis is done by our specialized team for different tax matters to prevent any financial or non-financial tax penalty.

Our experts are doing all kinds of tax review consultancy on this issue. Tax inspection consulting also includes service of supervising of tax reviews and reconciliations or customer representation in the commissions and inspections.

Also, our customers are assisted in how to act in the post-conciliation process.

Confirmation of Corporate Tax Return (Full Certification Report)

Andersen in Turkey, performs confirmation for corporate tax return and presents full certification report as a result of comprehensive control. With the authorization of the Ministry of Treasury and Finance, the Corporate Income Tax Return certified services are provided by sworn-in certified public accountants. That means; this service includes registration for regular controls and supervision of Company books and that their records comply with tax legislation. A report prepared under service is presented to both the tax office and the client. Within this framework, the errors are detected by the tax control  teams under the supervision of sworn-in certified public accountants, and corrected during the year.

Compromise Service

It is a very appropriate practice to demand a settlement for the assessments that arise as a result of the reports written after the tax review. Within the framework of this service, the taxpayer can be supervised or represented in settlement commissions.

Financial Due Diligence Service

Decision making is the most difficult part of managing a business when you are step in a new establishment, market or partnership. Our expert team aid you, when you are at a decision making point by our due diligence process, which directly present you the important parameters that directly affect company valuation. Our detailed studies ascertain hidden risks and ensures transparency in all kinds of recordings. Our tailor made checks according to your business needs focus on the key points during your decision state. We can provide support for financing or refinancing, vendor due diligence, vendor assistance and pre and post-bid support.

Mergers and Acquisitions

Different governance rules and extraordinary transactions can be a barrier on your way while you are taking your business to next level. Andersen in Turkey can provide you a multidisciplinary approach during expanding your business.

Vat Refund Service

VAT (Value Added Tax) is a multi-stage indirect tax. There are special requirements and if those requirements are meet by the company/trade conditions, VAT refund can be asked to related tax office.

Your companies’ activities and tax returns are evaluated by our expert team and required study is done. VAT refund process requires deep and detailed study by contacting each client of the company. Intensive correspondences are done to collect the necessary client/trade data. Those detailed, intensive study is done by our experienced team. Your company get the cash tax refund in a shortest time.

As a principal, below circumstances enable to retrieve tax refund.

– In the exception delivery and services: VAT refunds may occur in export deliveries, sales to people with investment incentive certificates.

– In the reverse charge in VAT: The practices of reverse charge are very common in Turkish VAT legislation. It is possible to get a VAT refund if there is a reverse charge application. For example, reverse charge is applicable for junk metal deliveries, and some construction works to the public.

– In the reduced VAT rate is applicable: Although the general VAT rate in Turkey is 18%, 1% and 8% rates are also available. VAT refunds may occur for taxpayers selling at 1% and 8%.

Our expert team analyse your activity and tax returns and share with you whether your company can receive VAT refunds, and if so, how it will happen. Depending on the situation, application forms or VAT return reports, and VAT returns are provided.

Company Establishment Service

Andersen in Turkey  engaged in establishment services for local and international customers.

Its team has experienced to set up different type of companies like limited, joint-stock , liaison offices etc. . When the service is provided, Andersen in Turkey considers the purpose of establishment, near future operations and projections of the company to be established to provide the best solution.

Andersen in Turkey also investigate all important aspects like legal and tax issues, partnership structure, international relations and trade of the company to provide the best solution for the client. Specialized team provides different alternative solutions to customers by explaining all advantages and disadvantages of each structure. At the end of the process, the optimum and targeted company type is determined, and establishment will be finalized accordingly.

Andersen in Turkey is always aware of the time limitations of customers and provide the best solutions in shortest time period.

Also, Andersen in Turkey can get comments or advises form related governmental offices like Ministry of Trade and Finance, Tax Offices, Municipalities etc. when necessary.

Restructuring of Companies

Andersen in Turkey’s experienced team makes detailed study on company structures by considering each clients business conditions to determine the most appropriate company structure.

By reviewing the situation of companies or groups of companies, the most appropriate restructuring model can be suggested. In the study, the current condition and alternative model are compared in detail, and solutions are presented. As a result of the study, one of the legal actions, such as spin-off, merger, demerger, type change can be proposed.

Also, as a result of this service, articles of association can be updated, and Instructions and Company constitutions can be prepared. Within this framework, the technical studies for the restructuring decided are carried out by our expert team. Our operation team starts the required the official process and facilitate the process together with the client and conclude the operation in most appropriate way and shortest time.

Transfer Pricing

Andersen in Turkey provide necessary documentation and reporting required according to local and international regulations. International requirements are met by our below listed services:

• Planning and restructuring,
• Market research & benchmarking
• Reporting, documentation and compliance
• Dispute resolution

Global Mobility

Our expert team supports you managing your global workforce to make process simple and advantageous both for you and your team while ensuring compliance at every level. A rigorous planning should be prepared during set-up of expat employment and continued on daily activities in terms of tax residency of the employee, please of work, place of product/service presented, time spent inside/outside country etc. Non-compliance may result in undesired result both for employee and employer. Our tax, labor and payroll experts will help you to design appropriate solutions for your cross-border operations.

Special Reporting

• Preparation of financial analysis reports
• Preparation of capital payments reports
• Affirmation of positive differences in equity items regarding inflation adjustment on the capital
• Confirmation of investment tax incentives procedures
• Reports on corporate tax exemptions and deductions
• Special-purpose reports (for example, a report for payment via a bank requested by the Tax Office)
• Preparation of reports required for various purposes such as tax, commercial, incentive, social security, banking legislation.

Other services

Chartered accountants are authorized in many financial matters. Within this framework, Andersen in Turkey provides a wide range of services in tax and commercial laws, accounting, and management. Some of our services are listed below.

We provide trade registry services. Within the scope of the trade registry services are as following:

• Organizing general assembly meetings,
• Capital increase and decrease,
• Assigning board of members and directors