Taxation of SMEs in OECD and G20 Countries

Taxation of SMEs in OECD and G20 Countries

OECD has published a new report about SME Taxation in OECD and G20 Countries on September, 5th, 2015.

The report examines the tax treatment of SMEs, the case for SME preferences, and the use of tax preferences and simplification measures for SMEs in thirty-nine OECD and G20 countries.

The report has also valuable information on Turkish SME taxation.

Here is the key findings of the report for the SME tax incentives and regulations in Turkey:

In Turkey, taxpayers under the simple method file on annual tax returns and are not required to file withholding tax, pre-paid tax and VAT returns.

Turkey reported the application of a special VAT exemption to supplies of goods and services to SMEs under specific circumstances, mainly in the context of investment projects.

Turkey allows amounts reserved as venture capital funds to be deducted from the income of investors on the condition that they do not exceed 10% of the taxpayer’s declared income. Turkey also has a business angel system, which allows 75% of investments in early stage companies to be deducted against individual income, with the ratio increasing to 100% for companies with projects that fall within the scope of programmes determined by the Science, Industry and Technology Ministry, TUBITAK (Scientific and Technological Research Council of Turkey) and KOSGEB (Small and Medium Enterprises Development Organization)

You may download the report at:

Investors in Turkey




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