Turkey: Guide on taxation of non-profit entities
Covering all aspects of taxation of non-profit entities such as associations and foundations
The revenue administration issued a guide detailing the tax obligations and exemptions for non-profit entities such as associations and foundations under various tax laws.
The guide covers:
- When these entities may be taxpayers, the taxation of their economic activities, and the withholding duties required
- Exemptions for donations, value added tax (VAT), inheritance, transfer tax, stamp duty, and the process for obtaining tax-exempt status
- Administrative, bookkeeping, and reporting requirements
For further information, contact a KPMG tax professional in Turkey:
Şaban Atuçuran | satucuran@kpmg.com