June 22, 2023
Taxation
If an employee of BV Netherland comes to Turkey to operate the equipment, in this case BVTurkey has to withhold 30% of each payment. For example; BV Netherland issues invoice of 1000 EUR to BV Turkey. BV Turkey makes payment of 700 EUR to BV Netherland, payment of 300 EUR to tax office. However, the withheld amount (300 EUR) can be recovered from the tax which BV Netherland pays in Netherland.
As for VAT, on the one hand, whether to charge VAT or not depends on local rules in Netherland. On the other hand, BV Turkey has to self-account for VAT on the total amount of the invoice which BV Netherland issues. Self-accounting VAT is not cost for BV Turkey.
If Ipek LLC has an exemption from VAT, BV Turkey invoices to Ipek LLC excluding VAT. If no exemption, BV Turkey has to invoice with VAT to BV Netherland. Even if TUPRAG grants an exemption to Ipek, it has nothing to with BV Turkey. So BV Turkey invoices with VAT to Ipek LLC.
Taxation
If an employee of BV Netherlands comes to Turkey to operate the equipment, in this case BV Turkey has to withhold 30% of each payment.
The new name in English for "Turkey" is "Türkiye", but everyone still uses "Turkey" so it's up to you which you choose :)
I am not sure if "BV Netherland" is a spelling mistake, because I think in Dutch they say "Netherland" for the name of their country and this might be the legal name? In English it is with an "s".
For example; BV Netherlands issues an invoice of 1000 EUR to BV Turkey.
BV Turkey makes a payment of 700 EUR to BV Netherlands, and a payment of 300 EUR to the tax office.
However, the withheld amount (300 EUR) can be recovered from the tax which BV Netherlands pays in the Netherlands.
Here, the final word definitely has an "s".
As for the VAT, on the one hand, whether to charge VAT or not depends on local rules in the Netherlands.
On the other hand, BV Turkey has to self-account for VAT on the total amount of the invoice which BV Netherlands issues.
Self-accounting VAT is not a cost for BV Turkey.
If Ipek LLC has an exemption from VAT, BV Turkey invoices to Ipek LLC excluding VAT.
If there is no exemption, BV Turkey has to invoice with VAT to BV Netherlands with VAT.
Even if TUPRAG grants an exemption to Ipek, it has nothing to with BV Turkey.
SoAs such, BV Turkey invoices with VAT to Ipek LLCIpek LLC with VAT.
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Taxation This sentence has been marked as perfect! |
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If an employee of BV Netherland comes to Turkey to operate the equipment, in this case BVTurkey has to withhold 30% of each payment. If an employee of BV Netherlands comes to Turkey to operate the equipment, in this case BV Turkey has to withhold 30% of each payment. The new name in English for "Turkey" is "Türkiye", but everyone still uses "Turkey" so it's up to you which you choose :) I am not sure if "BV Netherland" is a spelling mistake, because I think in Dutch they say "Netherland" for the name of their country and this might be the legal name? In English it is with an "s". |
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For example; BV Netherland issues invoice of 1000 EUR to BV Turkey. For example; BV Netherlands issues an invoice of 1000 EUR to BV Turkey. |
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BV Turkey makes payment of 700 EUR to BV Netherland, payment of 300 EUR to tax office. BV Turkey makes a payment of 700 EUR to BV Netherlands, and a payment of 300 EUR to the tax office. |
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However, the withheld amount (300 EUR) can be recovered from the tax which BV Netherland pays in Netherland. However, the withheld amount (300 EUR) can be recovered from the tax which BV Netherlands pays in the Netherlands. Here, the final word definitely has an "s". |
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As for VAT, on the one hand, whether to charge VAT or not depends on local rules in Netherland. As for the VAT, on the one hand, whether to charge VAT or not depends on local rules in the Netherlands. |
|
On the other hand, BV Turkey has to self-account for VAT on the total amount of the invoice which BV Netherland issues. On the other hand, BV Turkey has to self-account for VAT on the total amount of the invoice which BV Netherlands issues. |
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Self-accounting VAT is not cost for BV Turkey. Self-accounting VAT is not a cost for BV Turkey. |
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If Ipek LLC has an exemption from VAT, BV Turkey invoices to Ipek LLC excluding VAT. This sentence has been marked as perfect! |
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If no exemption, BV Turkey has to invoice with VAT to BV Netherland. If there is no exemption, BV Turkey has to invoice |
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Even if TUPRAG grants an exemption to Ipek, it has nothing to with BV Turkey. This sentence has been marked as perfect! |
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So BV Turkey invoices with VAT to Ipek LLC.
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