Turkey’s Revenue Administration Issues Guidelines on Taxation for Sports Sponsorships and VAT Implications

Turkish Revenue Administration issued Publication No. 569 on sports sponsorship taxation Topics include nondeductibility of VAT from corporate income tax due to nondeductible expenses VAT does not apply to cash donations made under a sponsorship agreement

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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