NEWSLETTER-2019-metin

Recent Amendments in Relation to Tax Legislation* Att. Canan Doksat Introduction Important amendments have been made in relation to the tax legislation through the publication of omnibus bills during July 2019. Within the scope of the above-referred amendments, this Newsletter Article evaluates “Tourism Share” and “Tax Amnesty” regulations. Tourism Share Payment Liability Tourism Publicity and Development Agency (“Agency”) is es- tablished through the Law No. 7138 on the Tourism Publicity and Development Agency (“Law No. 7138”), published in Official Ga- zette dated 15 July 2019 and no. 30832. The Agency’s main source of income will be the “tourism share”. As per Article 6 of the Law no. 7138, tourism share amount/ratio to be applied to certain entities is determined as follows: • Combined facilities and accommodation facilities: TRY 7.5 out of every TRY 1,000; • Catering and entertainment facilities certified by the Culture and Tourism Ministry (“Ministry”): TRY 7.5 out of every TRY 1,000; • Marine tourism facilities and marine tourism vehicles certi- fied by the Ministry: TRY 7.5 out of every TRY 1,000; • Travel agencies (except for individual air ticket sales): TRY 7.5 out of every TRY 10,000; * Article of July 2019