Is tax deducted from the trending scholarship?
Is tax deducted from the scholarship?
Scholarships given to students are accepted as a fee payment for future services and are exempt from income tax pursuant to Article 28 of the Income Tax Law. Published in the Official Gazette dated 21.06.2006 and numbered 26205.
Is the scholarships given by companies tax deductible?
Article 28 of the Income Tax Law No. 193 In the th paragraph, it is stipulated that the money paid as subsistence, lodging and collection expenses to the student who collects in Turkey on account of official and private institutions and individuals is exempt from income tax.
Does the student pay income tax?< /strong>
c) In paragraph 2 of article 28, to the student who receives education in Turkey on account of official and private institutions and individuals; It has been stated that the payments made as subsistence, lodging and collection expenses are not subject to tax.
Is granting scholarships an expense?
With this nature, scholarships are donations made to real persons and can be deducted from the income or corporate tax base. no possibility. However, in some cases, scholarships can be a fee and can be written as an expense because they are payments made today for future services.
Can private companies provide scholarships?
< p>Scholarships given to students who study or do internships in Turkey or abroad on behalf of companies and individuals to cover food, beverage, accommodation and education expenses; In the presence of certain conditions, it can be taken into account as an expense in the determination of income and corporate tax.Is there an income tax on the right to residency?
Taxation of the Right of Peace Within the scope of this time and overtime spent Attendance fee is paid to the members of the board of directors. The right to rest is not a share distribution, but a type of fee received in return for service. For this reason, it is subject to taxation.
How is the amount of attendance fee determined?If the amount of attendance fee to be paid is not specified in the articles of association as stated in the law, the general assembly determines the attendance fee and there is no lower and upper limit for the attendance fee, but the fact that it is high according to the wage scale in the enterprise can be considered as a profit distribution. >
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