A new model 300 form has been approved

The content and model of form 300 “Value added tax return” have been updated. Taxable persons registered for VAT purposes who perform in the reporting period only operations within the country can choose to fill in the simplified return form, by checking the appropriate box in the assistance program provided...

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The statement regarding the ultimate beneficial owners is mandatory again as Law 101/2021 enters into force

The companies must submit the statement to the Trade Registrar as following: • Each year, within 15 days after the financial statements are submitted • Each time the UBO list is changed, within 15 days after such change occurs. • When a company is registered. The companies having only private shareholders are NO...

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The main fiscal measures brought by GEO 19

The main fiscal measures brought by GEO 19 are the following: The tax exemption applied to taxpayers obliged to pay the specific tax on certain activities is extended for a period of 90 days starting with April 1, 2021; The application of fiscal facilities for early education (recovery of an amount...

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Rule to modify the Tax Code

Rule to modify the Tax Code was approved and includes the followings: Turkey is no longer listed as non-cooperating country and implicitly the expenses generated by transactions with Turkey are deductible (starting with January 1, 2021); The turnover generated from the construction activity, relevant to apply the tax incentives for constructors,...

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