Planning for Real Estate Investment in Turkey

Planning for Real Estate Investment in Turkey Foreword Asustained and impressive growth in economy.A booming Real Estate industry. A magnet for investors from all around the globe... But regardless of the industries they operate in, companies need to plan carefully before pushing the button for cross-border investments. Sound decisions can only be made with access to accurate information and such information is not always easy to find. Deloitte Real Estate Group in Turkeyhas teamed up with Deloitte Turkey’s Tax Practice, to prepare this guidance which compiles the essential business information for your company. The basics of TurkishAccounting System and Procedural Compliance, Types Of Legal Entities, Taxation of Corporations, Taxation of REITs, Real Estate Taxes and Financing Issues are all covered in this guide which will act as a source of reference for your company. 2 Planning for Real Estate Investment in Turkey © 2008 Deloitte Turkey Index Turkish accounting system and procedural compliance 5 Types of legal entities 14 Taxation of corporations 23 Taxation of REITs 37 Real estate taxes 39 Financing issues 45 3 Planning for Real Estate Investment in Turkey © 2008 Deloitte Turkey Turkish accounting system and procedural compliance Turkish accounting system and procedural compliance General rules • Sources of Turkish GAAP - TurkishTax Procedures Code - Turkish Commercial Code - Capital Market Law • Accounting method -Accrual method • Financial statements required to be submitted to tax office - Balance sheet - Income statement - Notes to the financial statements - Profit distribution table 5 Planning for Real Estate Investment in Turkey © 2008 Deloitte Turkey ... - tailieumienphi.vn