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Our Services
We are at your side with our consultancy, financial advisory and audit services that add value to all your business processes.
Consultancy Services
In order to rapidly adapt to changing conditions, we produce customized solutions in areas such as strategic management and corporate finance.
Financial Consultancy Services
We organize financial statements, manage declaration processes and support your R&D/Technopark projects and take on your regulatory burden.
Audit Services
We examine your operations in line with national and international standards, anticipate risks and secure your business with transparent reporting.
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The choice of company type is determined by criteria such as the needs of your business model, the amount of capital you have, your partnership structure and legal obligations. The most common company types include Sole Proprietorship, Limited Liability Company (Ltd. Şti.) and Joint Stock Company (A.S.). Sole proprietorships have lower incorporation costs and bureaucracy but broader responsibilities; in limited liability companies, liability is limited to the company capital and the number of partners is flexible. Joint stock companies, on the other hand, require higher capital but are advantageous in terms of attracting investors, share transfer and broad shareholding structure. It is recommended that you choose the type of company that best suits your business goals and growth plans in consultation.
Your purchase and expense invoices are accepted primarily on the condition that they are related to your sector — that is, your field of activity — and are of a reasonable scale. In addition, the expenses you incur while carrying on commercial activities within your business are also included. To illustrate: if you are a buy-and-sell company — in short, if you operate with heavy inventory — you may make purchases in such a way that there is no discrepancy between the physical count of your inventory and the products used in your trade. Likewise, if 16 people, including yourself, work at your workplace, the meal expenses, clothing expenses and insurance costs you provide for these people are acceptable. Representation and entertainment expenses offered to those visiting your business may also be recorded as expenses, provided they remain reasonable. So what is not accepted? In the simplest terms, unless you are a security company, you cannot record dog food as an expense. If you attended a trade fair, the costs arising there are accepted; however, any other accommodation expenses are not accepted if they are unrelated to your business relationships. Within this framework, you should assess your expenses in relation to your business and your sector.
While the tax returns a business must file in Turkey vary depending on its field of activity and company type, the main ones are the VAT Return, the Withholding Tax Return, Stamp Duty, the Advance Corporate Tax Return (quarterly), and the Corporate/Personal Income Tax Return (annual). The filing calendar for each type of return is set by the Revenue Administration and other authorities. Filing returns and notifications on time and in full is vitally important for avoiding penalties and managing your tax obligations correctly.
E-Invoice is an official document created and transmitted electronically instead of a paper invoice. E-Archive is the system that enables the electronic storage of invoices issued to taxpayers and end consumers who are not obliged to issue invoices. E-Ledger refers to the digital creation and storage of books that must be kept by law, such as journal and general ledger. While these systems provide data security and speed advantages, they also bring with them integration and retention obligations in accordance with the legislation. With the cooperation of software and financial advisors, E-Invoice, E-Archive and E-Ledger processes are easily managed, reducing the use of paper and accelerating audit processes.
The export process involves preparing the goods or services to be sold in a manner suitable for the foreign market, completing customs procedures, issuing the export declaration, and handling transportation/logistics. Delivery of the goods and the counterparty's payment are monitored through banks; it is important that foreign currency received from abroad is brought into the country and matched with the customs declaration. The Export Proceeds Acceptance Certificate (İBKB) is an official document used to record export revenues and monitor compliance with tax regulations. Transactions must be carried out in accordance with foreign exchange legislation, and export proceeds must be brought into Turkey within the statutory time limits and declared to the relevant authorities. Obtaining expert support helps prevent potential errors and delays throughout the process. For more detailed information, you can also read our article in the Blog section.
Opening a branch within Turkey involves procedures such as registration with the trade registry, notifications to the tax office, and registration with the relevant professional chamber. A branch operates under the legal personality of the parent company. Under regulations introduced by the Ministry of Trade, since 2022 a company resident in Turkey can no longer open a Liaison Office domestically and must establish a branch directly. To open a branch or liaison office abroad, the commercial legislation and investment incentive policies of the country in question must be taken into account. This generally involves procedures such as consular approval, obtaining a local tax number, and registration with the local trade registry. A liaison office is typically established for marketing and communication purposes rather than commercial activity and has a limited scope of operation. For the process to proceed smoothly, the official procedures both in Turkey and in the country where operations will take place must be followed meticulously.
KOSGEB is a public institution that supports Small and Medium-Sized Enterprises. It provides financing, training and consultancy support to different sectors through various programs such as new entrepreneurs, women entrepreneurs, R&D and innovation projects. The basic steps are to register in the KOSGEB database, prepare a business plan and apply for the announced calls. While evaluating support applications, the business's field of activity, scale, project quality and innovation potential are taken into consideration. Approved projects can provide benefits in the form of grants, interest-free loans or repayable support.
The Young Entrepreneur Exemption is a regulation that provides an Income Tax advantage for taxpayers who are opening a business for the first time and have not yet turned 29. Individuals covered by the exemption may, for 3 years, exclude their earnings from Income Tax up to the amount of the 2nd bracket of the Income Tax Schedule applicable in the year their business was established (up to TRY 330,000 for 2025). This reduces the financial burden young entrepreneurs face when starting a business and eases cash flow during the company's early years. To benefit from the exemption, the field of activity, the age limit, and other legal requirements must be met. The application should be carried out through tax office notifications and under the guidance of a financial advisor. In addition, an exemption from Bağ-Kur premium payments (individual social security contributions) is granted for 1 year from the date the business is established. For 2025, the corresponding amount is approximately TRY 103,000.
Income Tax is calculated by applying a progressive tariff to the earnings a taxpayer obtains within a calendar year. Under this tariff, the tax rate rises gradually as income increases. You are required to declare your income at the rate applicable to the relevant bracket and have your tax assessed accordingly. Under this tariff, which is updated every year, the higher the income you declare, the higher the tax you will pay at the corresponding rate. The applicable rates are set out each year in Article 103 of the Income Tax Law No. 193 and are updated in line with the Revaluation Rate.
Social security premiums are paid throughout an individual's working life, partly through deductions from the employee's own salary and partly through contributions paid by the employer. These premiums cover health, maternity, disability, retirement and unemployment insurance. As part of its efforts to combat unemployment, the Ministry of Labor and Social Security periodically introduces various SGK (Social Security Institution) premium incentives to reduce the burden on employers. These incentives remain in place both in the manufacturing sector and in technology and R&D zones. In general terms, a deduction of 38% is applied to gross premium amounts falling between the Minimum Wage and the Ceiling Wage, as determined each year by the Ministry of Labor. Of this, 15% is deducted from the employee and 23% from the employer, and the amounts are paid to the Ministry of Labor through banks at the end of each month. The labor costs paid can be recorded as expenses in the relevant period, recognized as operating costs and deducted from taxes.
There are also social security premiums paid by employers themselves, known as Bağ-Kur. Here, too, a payment of 34% is made on the premium base determined by the employer. If the employer does not declare an income, a payment equal to 34% of the Minimum Wage is made. As these amounts are paid each month, they can be deducted from the tax base in the Annual Income Tax return, provided there is a profit. As of 2025, the lowest Bağ-Kur premium is around TRY 9,000.
Employees can benefit from healthcare services as long as their insurance premiums are paid. Likewise, employers can benefit from healthcare services as long as they pay their Bağ-Kur premiums.
Services that a company resident in Turkey provides to a business abroad, in a way that the benefit is also enjoyed abroad, qualify for an 80% Income and Corporate Tax Exemption. For example, suppose you are a software company providing a contracted number of hours of software services each month from your head office in Istanbul to a company located in Luxembourg; you issue your invoice for these software services on a regular monthly basis, and the invoice amount is paid into your business account in Turkey in foreign currency or in Turkish Lira. In this case, 80% of the profit remaining from your annual income after deducting all your costs is exempt. If your company in Turkey provides both software and consulting services, you then need to separate your costs into software and consulting. You must have precisely determined and reported the costs incurred while providing the services delivered abroad. We do this both to calculate costs and the tax exemption correctly and to be able to present accurate reports in any future reviews by the tax authorities. In addition, regardless of which country you serve, when a service is provided to a non-resident of Turkey and the benefit of that service is enjoyed abroad, the invoice is issued exempt from VAT.
Corporate Income Tax is levied on annual commercial profits, and taxpayers can benefit from various incentives, deductions and exemptions. Rate and tax base reductions may be available for R&D activities, investments in priority development regions, or export earnings. In addition, exemptions apply to income generated in technology development zones and free zones. To benefit from such incentives and exemptions, companies must meet the legal requirements and maintain proper documentation. For comprehensive information on these matters, please feel free to contact us.
Purchasing a passenger car provides long-term asset ownership, but it also requires dealing with vehicle loan costs and depreciation expenses. Leasing, on the other hand, reduces the need for upfront capital and offers regular lease payments that can be deducted from the tax base, though ownership of the vehicle is never acquired. The choice should be made based on the company's cash flow position, tax advantages, the expected period of vehicle use, and management strategy. When making this decision, Law No. 7194 must also be taken into account. All the details—such as which amount is to be recorded as an asset, how much constitutes a legally non-deductible expense, and how much of the vehicle lease payment is accepted as a direct expense—are set out in the relevant law. In general terms, 70% of all expenditures on vehicles can be recorded as expenses, while 30% cannot. Unless you are in the business of buying and selling or leasing vehicles, the details are rather extensive, and it would be in your best interest to seek professional support from your accountant.
Certain tax reliefs and exemptions have been introduced for those who earn income by creating content on social media (for example, a tax exemption for earnings below a specified threshold). It is important for these individuals to register with the tax office, declare their income and, once they meet the required conditions, take advantage of the exemptions. Income sources such as sponsorships, advertising and donations should be tracked on a regular basis. With the new digital tax regulations, content creators are also expected to manage their financial records professionally. General Communiqué No. 318 on the Income Tax Law covers all related processes and details. Please feel free to contact us with any questions you may have.
TEKMER (Technology Development Center) are centers that support R&D, innovation and entrepreneurship activities of enterprises within KOSGEB. Technoparks (Technology Development Zones) are established under Law No. 4691 and encourage the development of new technology and software in cooperation with universities, research institutions or industry. While TEKMERs emphasize KOSGEB support for SME and start-up-oriented projects, technoparks provide advantages largely through tax incentives and academic collaborations. Both structures offer different incentives and support mechanisms to accelerate the growth and innovation processes of entrepreneurial companies.
Law 4691 grants various privileges to companies in technoparks where software and R&D activities are carried out, ranging from corporate or income tax exemption, personnel withholding tax support, VAT exemption and customs duty exemption. In addition, the law encourages innovation and high value-added production by providing companies with a wide ecosystem ranging from infrastructure services to university-industry cooperation. In this way, initiatives and businesses within technoparks gain an advantage in international competition by reducing their costs.
What advantages does Law No. 5746 on Supporting Research, Development and Design Activities provide?
Law No. 5746 provides relief on items such as income tax withholding and SGK (Social Security Institution) premium support for a certain portion of the wages of personnel employed in R&D or design centers. In addition, expenditures on R&D or design projects can be deducted from the tax base or may qualify for additional incentives. This law helps companies gain a significant cost advantage and competitive strength in developing innovative products and services. We also recommend reading our article on this topic in the Blog section of our website.
In R&D and innovation ecosystems such as Technology Development Centers (TDCs), technoparks and TEKMERs, incentives such as withholding tax reduction on personnel wages and SGK employer premium support are applied based on the relevant laws (e.g. 4691 and 5746). The company benefits from these discounts according to its type of activity and the conditions in the legislation. Thus, by reducing the costs of highly qualified personnel, enterprises can accelerate their project development processes and become more competitive.
If a project accepted into a Technology Development Zone (TGB) generally falls within the scope of software or R&D, the services provided in that field may be exempt from KDV (VAT). However, this exemption applies only to software or R&D activities carried out within the zone after the date of acceptance. The exact application and scope of the process depend on the suitability of your project definition, the status of your patent or equivalent documentation, and the applicable legal regulations. From the date of your acceptance, you can benefit from the VAT exemption based on a transaction-by-transaction assessment. At this point, feel free to contact us so we can evaluate your processes together.
Article 6 of Law No. 7263, published in the Official Gazette No. 31384 dated February 3, 2021, added a Supplementary Article to Law No. 4691. This provision was updated and republished through Presidential Decree No. 7953 in the Official Gazette No. 32401 dated December 16, 2023. Accordingly, within the scope of the R&D Deduction and the Technology Development Zones earnings exemption; the deduction amount benefited from on the annual tax return has been raised to 2,000,000 Turkish liras, the portion of this amount that must be transferred to a temporary account under liabilities has been raised to 3%, and the cap on the amount subject to this transfer obligation has been raised to 100,000,000 Turkish liras on an annual basis.
If you operate within a Technology Development Zone (TDZ) or a TEKMER, and either your R&D Deduction or your Technopark earnings on your annual Corporate Income Tax return exceed TRY 2 million, you must set aside an amount equal to 3% of whatever amount was declared in a special funds account within your commercial records. By the end of the relevant year, you may then invest that amount either in incubation companies operating within the Technopark, or in companies covered by Venture Capital Investment Funds (GSYF) through intermediary institutions or banks. If you fail to do so, Corporate Income Tax equal to 25% of the relevant amount is assessed ex officio.