Accounting & Tax Services

During the last several years, Turkey has become one of the most important trading hubs in Eurasia. Many foreign investors incorporate companies in industries like real estate, services, telecommunication, automotive, manufacturing and tourism thanks to the large markets the products from these sectors are exported to. Turkey is a country in which investors can set up small or large companies depending on their budget, which is why requesting accounting services is a good option to keep this budget under control. Moreover, complying with the local tax legislation implies contracting an accounting company in Turkey.

Our specialists in Turkey can offer assistance in incorporation of your business in this country and can recommend our inhouse team of accountants.

Our accounting, bookkeeping, reporting and tax compliance services in Turkey can cover:

  • Maintenance of the statutory accounting general and subsidiary ledgers
  • Bookkeeping of all primary documents in compliance with statutory requirements
  • Accounts Payable and Accounts Receivable services
  • Cash management and bank payment administration
  • Inventory services, fixed asset, leases and loans
  • Stock management consultancy services
  • Monthly closing of accounts, reports on profit and loss, balance sheet, cash flow
  • Preparation of all required statutory reporting and submission to local authorities
  • Tailored management reports
  • Consolidated reporting, reconciliation between statutory and management reports
  • Preparation of reports in both local GAAP and international IFRS/US GAAP standards
  • VAT compliance and consultancy, VAT registrations and return filings
  • Any other tax consultancy associated with local taxes and real estate taxes
  • Preparation and submission of the annual financial statements
  • Preparation and submission of the corporate income tax return
  • Representation in communication with the Tax Office and all statutory authorities in Turkey
  • Assistance during audits, representation during inspections and tax controls

Bookkeeping

Another important part of the accounting services you can rely on us for your company in Turkey refers to bookkeeping. This is one of the most important parts in the accounting of a business as it ensures the day-to-day registration of invoices and management of documents. Bookkeeping also implies updating the financial records and maintenance of accurate and correct financial information. This is why many firms prefer to outsource this part of the accounting to an outside firm. Here are the main documents that will be prepared as part of our bookkeeping services for Turkish companies: