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Comprehensive Corporate Income Tax & Personal Income Tax Certification
Ensuring Financial Integrity with Full Tax Certification
Full certification involves the verification of annual income and corporate income tax returns, financial statements, and related declarations by Certified Public Accountants. The objectives of certification include:
a) Ensuring financial statements (Corporate Income Tax Return) accurately reflect business activities without misrepresentation for public benefit.
b) Facilitating the timely and accurate fulfillment of statutory obligations to protect the rights and interests of businesses.
c) Establishing trust in tax administration and taxpayer relations.
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The Business Edge of Full Tax Certification
Full certification provides businesses with various direct and indirect benefits, including:
- Tax Audit Avoidance ; Businesses without a full certification agreement are more likely to be audited. Full certification helps reduce the risk of tax investigations.
- Accurate Tax Filing: Ensures corporate income tax returns are filed in compliance with tax regulations.
- Risk Mitigation: Regular and preventive audits help detect and correct accounting errors, eliminating potential risks.
- Active Consultancy: Provides ongoing consultancy on risks and uncertainties arising from tax law changes.
- Exemption from Additional Reports: Businesses receiving full certification services are exempt from additional CPA reports for tax-deductible earnings and exemptions (e.g., R&D deductions, investment incentives, revaluation allowances).
- Cash Refund Entitlement: Allows businesses to claim a cash refund of up to 500,000 TRY on tax deductions.
- No Need for Additional Consultants: Companies exceeding specific asset and turnover thresholds must have their tax returns certified by a CPA unless they have a full certification agreement with a Certified Public Accountant.
- Relief from Counterpart Examination Obligations: Counterparty examination requests can be handled by CPAs through certification reports, eliminating direct obligations for businesses.
- Inclusion in ITUS System: Full certification for the past two calendar years is a prerequisite for participation in the Discounted Collateral Application System (ITUS).
- Cash Refund Rights: Companies with full certification can claim VAT refunds for tax-exempt transactions such as passenger goods exports without requiring additional guarantees or audit reports.
Why Choose SG-YMM? Our Expertise Sets Us Apart
SG-YMM conducts routine audits as part of its full certification services, providing financial and audit reports to management and decision-makers. These reports help assess financial risks and opportunities.
SG-YMM’s team consists of highly experienced Certified Public Accountants and Sworn-in Certified Public Accountants (YMM), who possess extensive knowledge of both international and local regulations. Their public sector experience allows them to analyze financial matters from both public and private sector perspectives.
Beyond tax consultancy, SG-YMM assists businesses in accessing government and international grants and incentives, adding further value. In addition to tax risk mitigation, generating added value for businesses is a core objective.
With extensive expertise in local incentive systems, particularly in R&D and innovation, SG-YMM helps businesses optimize their incentive structures. Companies already benefiting from incentives receive an assessment to ensure optimal utilization, while potential R&D and innovation firms are guided on available opportunities.
Thus, our full certification services go beyond ensuring accurate and reliable financial statements—they provide proactive consultancy and value generation.