Tax Exemption

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According to the subparagraph 4 of the first paragraph contained in the Article 89 of the Income Tax Law: Donations and aids made, against receipt, to foundations to which tax exemption is granted by the Council of Ministers and public interest societies, provided that their yearly total does not exceed 5% (10%, for the regions with development priority) of the income to be declared. 

According to the Article 10/1-c of the Corporate Tax Law: Of the total donations and aids made, against receipt, to general and special budgeted public administrations, provincial special administrations, municipalities and villages,  foundations to which tax exemption is granted by the Council of Ministers, public interest societies and institutions and organizations performing scientific research and development activities; the portion up to 5% of the corporate (net) profit pertaining to that year. 

For Further Information:
Phone:    +90 212 939 28 00 #2510  
E-Mail:   bagis@darussafaka.org