Continue Reading to obtain more Information on Simplified Tax System3674026

The hardest thing in the world to understand is the income tax. -Albert Einstein. Regrettably, how disappointing it would not sound, no average person can give you a comprehensive response when it comes to vergi müfettişleri. The Gettysburg address is 269 words, the Declaration of Independence is 1,337 words, and the Bible is only 773,000 words. However, the tax law has grown from 11,400 words in 1913 to 7 million words nowadays, which explains everyone’s distress! With all the unbelievable number of hard-to-understand terms, many of us are nearly incapable of “getting the message” without the aid of a special dictionary. The only thing we know about taxes is they cause conflicts and at times create problems to people running personal organizations. Taxes are the main source, providing funds for various construction projects, law enforcement agencies’ maintenance and so forth. Taxes can be defined as public revenues collected on a regular basis through the coercion law. Also, taxes can be defined as mandatory, royalty-free, irrevocable payments levied by government departments to meet the needs of the state financial resources. Mandatory contributions, customs duties and other forms of payments combine to form the tax system. In relation to tax functions, there are 2 manifestations of its socio-economic essence in action: fiscal and regulatory, both playing a crucial role in certain industries’ development or suppression. There are several types of taxes, which can be divided into a number of classifications: direct and indirect taxes, central and regional, progressive and regressive. The tax regime in Turkey is an essential part of the economy and can be divided into three main categories: 1. Taxes on income, such as income tax from natural persons and corporate income tax; 2. Indirect taxes, gelir vergisi, special consumption tax (TSTV), a tax on banking and insurance operations or stamp duty; 3. Taxes on wealth, such as property tax or a tax on monetary gift or gifts.

Exploring tax law could be an important step towards basic understanding of system’s principles, which in turn can help you build a strong company, basing on solid information. Would you like to know the latest taxation trends? Follow the link to visit the number 1 blog site about taxation in Turkey! We're pleased to share latest information about changes in the legislation to help you follow the developments. Read law lecture notes, obtain valuable information and share your opinions online - make contact now!