Earthquake Aids Will Be Tax-Deducted!

Turkey, the couple in Kahramanmaraş on 6 February. earthquake disaster trying to heal his wounds. While search and rescue works continue in the cities most affected by the earthquake, citizens who are not affected by the earthquake are trying to be with the earthquake victims. to aid campaigns they are trying to get involved. Although it is not possible to give a healthy figure, hundreds, even thousands of trucks have already reached the earthquake zone.

Now, there has been a remarkable development regarding the aid provided. President of revenue managementmade a reminder that those who are income and corporate taxpayers can deduct their contributions from tax. In other words, taxpayers who support the launched campaigns, they will pay less tax.

The statement made by the Revenue Administration is as follows:

After earthquakes with epicenter in Kahramanmaraş province conditions that adversely affect the general life by our income and corporate taxpayers in order to eliminate the disaster and meet the urgent needs of our citizens. donations and donations.

As it is known, in accordance with the provisions of Article 89 of the Income Tax Law and Article 10 of the Corporate Tax Law, aid campaigns initiated by the President donations in cash or in kind against receipt All of them can be taken into account as a deduction in the determination of the tax bases of the relevant year.

Released on 3/2/2021 Pursuant to Presidential Decree No. 3483Since this date, aid campaigns have been carried out under the coordination of the Emergency and Disaster Management (AFAD) Presidency for the victims of disasters that may occur in our country. In this context, for earthquakes centered in Kahramanmaraş province, Under the coordination of AFAD Presidency aid campaign was launched.

In addition, in accordance with the provisions of the Income and Corporate Tax Law, To the Turkish Red Crescent Society All cash donations can be deducted from the tax base.

Cash Donations and Aids

For the disaster victims affected by the earthquakes, the accounts announced by the AFAD Presidency all cash donations and aids income and corporate taxpayers may be subject to deductions. Likewise, the accounts made to the accounts announced by the Turkish Red Crescent all cash donations may also be subject to discount. Bank receipts for the payment will be sufficient for the donations to be deducted.

In-kind Donations and Aids

In order to eliminate the conditions that adversely affect the general life after earthquakes, income and corporate taxpayers can donate in-kind supplies that are available in their businesses or obtained from outside. donations in kind; AFAD Presidency as it can be done It can also be done to public institutions and organizations directed by AFAD. All in-kind donations made within this scope, provided that a document is prepared regarding the content of the goods subject to donation and receipt by the relevant institutions, discount can be made. Again, VAT will not be calculated in donations and aids made within the scope of the donation, and VATs too Discounts can be made by businesses.

To all our citizens and income and corporate taxpayers who donate and donate by showing the necessary sensitivity in this regard. Thank you.

If you want to help earthquake victims, you can examine the following methods:

Do not give unconscious help: For most needed supplies: