Our dear readers, we want to remind you again, to wish Allah mercy on those who lost their lives primarily due to the earthquake that occurred in our country and convey our urgent wishes of healing to the wounded. While our suffering is still fresh, we have decided to resume our postponement papers so that you precious readers will not suffer the loss of rights.

In addition, we started publishing some of our writings in English in 2023.

In line with our tax legislation and the Revenue Authority's statements, we provide you with our descriptions of the tax status of post-earthquake donations.

As it is known, all in-kind or cash donations made in exchange for receipts to aid campaigns launched by the President can be considered as a discount on the determination of the tax matrix for the relevant year.

In accordance with President Resolution 3483 issued on 02/03/2021, aid campaigns are being carried out in the coordination of the AFAD Presidency for those who have suffered damage after earthquakes in our country since this date. Within this scope, an aid campaign has been launched in coordination of the AFAD Presidency for Kahramanmaraş-based earthquakes.

In addition, all cash donations to the Turkish Red Crescent Association can be deducted from the tax base.

CASH DONATION AND ASSISTANCE

For those affected by the earthquakes, all cash donations and donations to accounts announced by the AFAD Directorate will be available for a discount by taxpayers. In the same way, all cash donations to accounts announced by the Turkish Red Crescent can be discounted. Bank declarations on payment will be sufficient for donations to be deducted.

GOODS DONATION AND ASSISTANCE

In order to eliminate the conditions that adversely affect life after earthquakes, taxpayers may donate the goods and supplies available or outsourced to their businesses. Donations in kind; The AFAD Presidency can be done to him as well as to public institutions and institutions directed by AFAD. All of the donations made under this scope will be made subject to a reduction, provided that the document regarding the contents of the property subject to the donation and its receipt by the relevant institutions is arranged. The VAT will not be calculated on donations and donations made within the scope, and the VATs paid in receipt of the donation-related goods may also be discounted.

It is not possible to deduct from tax the costs paid for donations and benefits made outside of the counted institutions.

Yours Sincerely

Doğan Accounting Office

14.02.2023

Bizi Twitter'dan  takip edebilirsiniz. @DgMusavirlik

Bizi Linkedin hesabımızdan takip edebilirsiniz.

Daha fazla makale için blog sayfamızı ziyaret edebilirsiniz.