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Tax - YMM Services

Full Certified Audit and Reporting services are provided by Certified Financial Advisors within the scope of the Law no. 3568 on Chartered Accountant Financial Consultancy and Certified Financial Consultancy and the regulations introduced by the related Communiqués.

With full certification services provided by certified financial advisors; The books, documents and accounts and financial statements of the companies are examined and accuracy and compliance audits are carried out in terms of tax legislation and accounting principles.

Certified financial advisors reassure the state about the compliance of taxpayers’ income tax and corporate tax returns with their full confirmation audit and full certification report. As İtimat Global, we provide Certified Financial Consultancy and Full Certification Service in the following areas.

Full Confirmation of Corporate Tax / Income Tax

  • Audit of legal books and documents within the framework of the provisions of tax legislation of the relevant financial statements,
  • Correction of errors detected during audit, elimination of deficiencies,
  • Regulatory compliance control of temporary tax returns,
  • Certifying the corporate tax return by carrying out a compliance check,
  • Submitting reports to management through interim audits
  1. Preparation of the Full Confirmation Report
  2. Auditing and approving Income and Corporate Tax Returns
  3. Carrying out studies on tax planning
  4. Providing professional consultancy services on all applications of Income and Corporate Tax

Services are provided to create your accounting system and to advise on it.

This service can be found in the audits carried out during the year are carried out in the form of control of tax calculations at the end of the period and the regulation of reports within the periods determined by law.

Periodic audits carried out during the year eliminate the large criminal obligations that may result from the detection of possible accounting and tax errors that may occur within the framework of the current tax legislation and single-order accounting plan and the failure to correct these errors within the period and ensure that tax planning for that year is carried out before the end of the period. These audits are carried out by audit teams consisting of Certified Financial Advisor, Chartered Accountant Financial Advisor and Retired Tax Inspector team leaders and assistants, and the errors detected are shared with the company’s supervisors through reports prepared following the audit work.

VAT Refund

  • Value Added Tax paid in Turkey due to activities covered by the full exception in accordance with the VAT Law can be refunded from the tax office,
  • In our audits on the subject, your refunds are completed in the most reasonable time according to the Certified Financial Advisor Reports issued as a result of sub-company reviews, counter-reviews and analytical evaluations.
  • • In addition, deferral of transactions made within the scope of the processing permit, refund procedures due to transactions subject to discounted rate, VAT refunds arising from other exceptions are also included in our services.
  • VAT Refund confirmation service; In accordance with the principles determined by the Ministry of Finance, it is the service of receiving the VAT in cash or offset by taxpayers who have deliveries and services subject to vat exemption and discounted rate, which they cannot reimburs through discounts and pay for transactions that give rise to the right to return.
  • In this context, the complete and accurate calculation, documentation, reporting and rapid and accurate retrieval of VAT refunds according to the appropriate method form part of our VAT refund services.

STV Return

YMM reporting services are provided for the resolution of returns or letters of guarantee to be requested in cash or on the offset in accordance with the Special Consumption Tax Legislation.

Transfer Pricing

Transfer pricing, which refers to the price or price applied in the purchase or sale of goods or services between related persons, is a concept that sets out the basic principles of how the trade of goods and services between the persons associated should be determined taking into account economic and commercial conditions.

In accordance with the tax legislation, all full and narrow taxpayer real persons and institutions in Turkey are covered by the transfer pricing application and have been brought in to prevent companies from competing unfairly internationally and to prevent the eroding of the tax base in the transactions of goods and services made by group companies.

As Itimat Global,

  • Review of transactions with related persons,
  • Peer price determination,
  • Selecting the transfer pricing method that should be applied,
  • Filling out the “Transfer Pricing, Controlled Foreign Institution and Implicit Capital Form” attached to the corporate tax return,
  • -We provide consultancy and support services on issues such as Transfer Pricing Report Preparation.

Tax Review Consultancy

By using emerging technologies effectively, the Finance Administration conducts risk analyses for tax reviews using notifications and declarations sent by taxpayers to the Directorate of Revenue Administration and external data from other institutions.

Tax Reviews are carried out by taxpayers according to the results of risk analysis or for other reasons (notice, sectoral, VAT-SCT refunds) through tax inspectors of the Tax Audit Board or managers of the Audit Coordination Directorate of the Revenue Administration.

We provide consultancy services for companies subject to tax review with our experienced Retired Tax Inspector staff who are on our staff from the beginning to the final stage of the tax review. In this consultancy service;

  • Information about what to watch by talking to the taxpayer before the review begins,
  • Representing the taxpayer during the review phase,
  • Providing the complete books and documents to be submitted in the review to the review staff,
  • Continuous information of the taxpayer regarding the review process,
  • Evaluation of the review minutes,
  • Providing the necessary support to the taxpayer in relation to the settlement before and after the date,
  • If a settlement is not reached, a lawsuit should be filed in the Tax Court and, if necessary, the case should be pursued by the appeals authority,

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Tax Planning

The inability to properly and fully implement certain complex and incomprehensible regulatory provisions in the Tax Laws or to follow the innovations in the legislation in a timely manner causes them to make incorrect or incomplete planning regarding their actions or activities. In this case, due to the lack of knowledge or incomplete application of exceptions or discounts, excessive and unwarranted tax is penalized or incentives cannot be properly utilized.

We provide tax planning services to eliminate the risks of companies in tax management, to ensure that they know about the issues by providing accurate information and publishing circulars, and to make the most of the incentives.

Tax Discrepancies

Differences in opinion and practice between taxpayers and the administration during tax practices often become the subject of conflict. Resolving such issues can be done by means of compromise or judicial means.

As İtimat Global, we provide consultancy services such as requesting privacy from the Finance Administration in relation to the application of tax legislation related to the dispute issue, filing lawsuits in tax courts for the issue of dispute, preparing the defense petitions requested for the case, following the case in the appeals authority in cases that have been appealed.

Revision Services

The revision, which means review and correction, means financial review and auditing. Revision is a systemic review of the financial and economic structure of the enterprises and the records kept in the enterprise with a critical approach.

Itimat Global provides the following revision services.

  • Control of mandatory books by law within the framework of Tax Procedure Law and Turkish Commercial Code in terms of registration procedure and certification aspects,
  • The company’s Value Added Tax, Contracting, Stamp Duty declarations and SSK declarations, accuracy of their accruals, consistency with accounting records, arithmetic and proportional accuracy, control of what is paid on time and in full,
  • Controls of the deductions in terms of accurate accounting of wage accruals in accordance with the rates specified in the law, arithmetic from gross wage to net wage by testing personnel payrolls by drilling method,
  • – Controls of the sales invoices issued by the company in terms of procedural compliance, arithmetic accuracy, accuracy of accounting record,
  • Control of income and expense accounts and accruals by drilling method, taking into account the document layout, legal periods, content,
  • Control of income and expense accounts and accruals by drilling method, taking into account the document layout, legal periods, content,
  • Drilling procedure control within the framework of accounting principles taking into account the periodicity of active and passive accounts outside of these,
  • To check the ledger records and documents every month (more when necessary) to our customers who we serve with our experienced team, to check temporary tax, layout and accounts during the quarterly Temporary Tax periods, and to carry out audits by going in person to prepare and check income tax and corporate tax returns at the end of the semester.

Expert Services

RTUK Advertising Revenues Confirmation Reports

Feasibility Reports on Inheritance and Inheritance Tax Transactions

Arbitration Expert Partnership Procedures Dispute Affairs

Financial Analysis

Credit Determination Procedures

Withholding Return

Transactions related to Incentive Discount Exceptions and Exemptions

VAT Deferral-Abandonment made according to The Internal Processing Permit Confirmation of Transactions

Customs Declaration Confirmation

Exemptions and Exceptions of Associations, facilities, foundations and the Like Review and Certification Procedures

Determination of Obligations of Travel Agencies to Generate Tourism Revenue and Bring Foreign Currency Reviews and Reports Requested regarding Imports of Crude Oil and Petroleum Products and LPG Wealth and Asset Reviews

Abandonment Procedures in Natural Disasters

Review for SSI Disobedience Certificate

R&D and TUBITAK Audit and Certification Report Services

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