YMM Services
Once the enterprises are established, the state participates in the enterprises with an invisible capital and becomes a partner. In addition, monetary relations with the state as regulatory and service provider in many areas continue.
Turkey Revenue Administration to the successful implementation of e-Government transformation takes place in the ranking of world attention in the rankings. From e-invoices; All books, bank transaction information, etc. up to e-Book. with all kinds of information about all activities of individuals.
While companies are trying to determine the accuracy of the taxes that should be paid to the states in the state reports and declarations they have made in the previous periods with the subsequent audit, many audits can be made thanks to the technology at the moment when the declaration is made.
Although the game remains the same rules have changed!
Standards and Partners have left tax services in the changing system entirely to the responsibility of central auditors who have done tax audits and tax management in the government for many years. Our partners who have worked at every stage of taxation have a high level of knowledge and experience in modern taxation.
Full Verification Audit
Within the scope of Law No. 3568 on Independent Accountancy, Independent Accountant Financial Advisor and Sworn-in Certified Public Accountant, the companies requesting by law have the right to have the accounting records audited by a Sworn-in Certified Public Accountant during the accounting periods. This inspection carried out by the member of the profession is considered as the inspection done by the members of the Ministry of Finance.
Indeed, unaudited tax accounts can have a devastating effect and lead to unforeseen consequences. This is an important claim, and in this simple example this destructiveness is revealed;
Due to a mistake that has started 5 years in advance and is still continuing, the missing tax payment of 1.000 TL each year, 24.215 TL tax, smuggling penalty and interest payment may result. This is equivalent to an underpayment of 1,000 TL each year. If the amount paid is 10.000.000 TL, the amount you have to pay is 240.215.000 TL. This is an example of the mortality and destructiveness of some tax errors. This example is an indication of why C-Level Managers and Businessmen should be sensitive to tax issues.
Other Certification Services
• Determination of paid-in capital
• Determination of common receivables to be added to the capital
• Determination of retained earnings
• TÜBİTAK – TEYDEB YMM Project expenditures assessment and approval
• Acquisition report of positive differences in equity items in inflation adjustment to capital
• Certification of Exemption from Corporate Tax
• Confirmation of account status documents given for credit and collateral letters requested from banks
• Production Approval Report under the Special Consumption Tax (SCT) Law
• Other transactions included in the scope of approval in accordance with the Law no. 3568 and the Tax Procedure Law
VAT Refund
The VAT system can often be a burden on businesses with different rates and exceptions. In order to prevent this burden arising from the exception and rate differentiation to remain above the enterprises, the VAT is returned to the taxpayers.
On the other hand, the system, which was designed to abuse the VAT refund system and to prevent a wide variety of frauds, has become quite complicated.
Standards And Partners analyzes the structures and registration systems of companies in order to make them compatible with the VAT refund system and revises the tax and accounting structure accordingly.
These returns are received as quickly as possible in accordance with the provisions of the law through the Standards and Partners solution partner CPAs.
Tax Planning, Tax Optimization
At first glance, it seems that you are doing something illegal against tax, but on the contrary, tax planning often brings about what the legislator desires. Your investments, your investment region, exceptions you cannot use, the incentive system you do not take into account and your similar legal rights are part of tax planning. However, the structure of the business or holding, the position is directly effective on taxation.
Standards and Partners take the necessary measures to ensure that taxpayers pay their taxes in full, but with tax planning and minimization of the tax payable within the legal framework.
Continuous Tax Consultancy
C-Level Executives and Businessmen must employ local and international taxation advisors. Most of the time, even if they employ tax specialists, they need a professional for the accuracy of tax transactions. This is necessary for both Businessmen and C-Level Managers to secure themselves.
Standards And Partners provides tax advice directly at PARTNER level. Due to the sensitivity of the issue, our colleagues at the other level cannot directly advise on taxation up to the partner level. Therefore, the supply of consultancy is limited and “exclusive”.
Tax consultancy is carried out only by Tax Inspectors, Finance Inspectors and Revenue Controllers who have conducted the highest level tax inspection in the state and have administrative duties in the preparation of laws and tax application.
One method frequently used by large taxpayers is to employ more than one tax adviser to provide the necessary cross-checks and to increase the level of tax security. Some companies may find this type of cross-consulting cold. However, Standards And Partners play an active role in such structuring.
International Tax Design
Tax planning is sometimes needed on an international platform. In their international transactions, enterprises have to plan in detail the tax they have to pay, taking into account the Ver Double Taxation Prevention Agreements da.
Standards and Partners identify the link between taxation at every point in the world and the Turkish Tax System and propose the appropriate tax structure to businesses.
Tax Review Process Management
VEDOP, VEDOP 2 and Data Warehouse Projects implemented by revenue management shaped the electronic financial data flow of 2000s. Almost all financial life has been transferred to the electronic environment. The selection of the investigations was left to the MERAK program. Even in the investigations itself, the investigators often began to examine them without seeing a book. Because all the information required for the examination is already in the data warehouse. In other words, after 2000s, data and proofing methods related to tax examinations have been revolutionized and most of the records have been made through electronic system.
Review Process
– Tax Collection and Proof
– Compliance with Law
– Linking to Report
– Reconciliation
– Tax Cases
Accompanying Tax Inspection
According to a Turkish saying, ç The most expensive tea is the tea offered by the tax inspector. ”
At each stage of the Standards and Partners tax audits, the highest level taxpayers who have received the title of Chief Auditor in the public and have undergone several tax audits are accompanied by the audit. Defends the rights of the taxpayer. During the review, the C-Level periodically reports to the Executive or Businessman and informs of the possible results of the review.
Tax Inspector in Turkey carefully selected with heavy examinations, have received a very good education, well-trained, talented people are.
Therefore, it is the basic rule of a sound tax inspection process to establish the same balance of power in examinations, and to ensure that a former tax auditor accompanies the review.
Tax Review Report Evaluation Commission
It is a service provided by a commission composed of YMMs and lawyers to evaluate the reports written by tax inspectors.
The purpose of this service is to evaluate the investigation in terms of procedure and basis and to form a road map.
The SnP Report evaluation commission analyzes the weak and strong points of the report. It evaluates the results and expresses its opinion to the court or to reach agreement.
Tax Cases
Tax Disputes and Court Defenses
Tax disputes are the only way to choose a court for accrued and uncompromising tax. The application to the tax courts depends on the time period and this is the time-limiting period.
Tax disputes are a long process that begins in tax courts and ends in regional administrative courts and the Council of State.
In preparing the defenses, the historical development of the tax event, the letter of the law, the spirit, the rationale, the administration’s applications related to that event, the opinions given, are all critically important. More importantly, however, it is the mastery of judicial case-law and previous court decisions.
Standards And Partners works with proven tax consultants and lawyers in tax litigation. Template defenses are never used when defenses are being prepared. Company-specific defense is prepared. The allegations and relevant evidence in the pre-defense report are identified, discussed by a team of tax and lawyers, and the direction of the work for the defense preparation process is determined. At the final stage, the studies are reviewed and the defense is prepared with the approval of the whole team.
Standards and Partners make their defenses more comprehensible by using not only written but visual materials.
Expertise, knowledge and experience are the pillars on which Standards and Partners rely on tax disputes.
Transfer Pricing Reports
Establishment of Standards and Partners, the transfer pricing policy in the matter of preparation of the reporting required is the leading agency in Turkey.
It provides transfer pricing services to the major corporations in the top 10 of the country, especially in terms of transfer pricing. The feature of this service is that it can be produced with advanced taxation, finance and business knowledge.
Standards and Partners, transfer pricing service is carried out by taxpayers with knowledge and experience who have worked in the Taxpayer Department of Taxpayers, and operators and financiers who have at least masters degree education.