Structural Workflow: The Monthly Accounting Cycle
Maintaining financial continuity requires a disciplined operational framework, particularly when management teams or shareholders are located outside of Turkey. We execute a standardized monthly compliance cycle designed for remote oversight.
Data Ingestion & Verification
Clients transmit sales invoices, purchase records, and bank statements via secure cloud infrastructure. Our accounting architects classify transactions according to Turkish statutory codes and verify cross-border payment compliance.
Tax Calculation & Return Preparation
We compile the raw data to compute monthly Value Added Tax (KDV) and Withholding Tax (Muhtasar) liabilities. All calculations incorporate applicable exemptions, such as the 80% IT and software export deduction.
Executive Approval & Submission
Prior to the statutory deadline, we provide a concise, English-language summary of tax liabilities for executive approval. Upon authorization, declarations are officially submitted to the Revenue Administration via the SMMM portal.
Payment Architecture & IFRS Reporting
Accrual accruals and finalized payment codes are delivered to your finance team. Concurrently, local THP ledger data is mapped to international financial reporting standards (IFRS) to facilitate parent-company consolidation.
Payroll & Social Security Administration
Turkish labor law mandates complex calculations for employee compensation, including mandatory severance pay provisions (kıdem tazminatı) and fluctuating social security brackets.
Our HR compliance unit manages the entire lifecycle of employment administration. This includes issuing standardized monthly payslips, calculating employer cost burdens, and managing the legal onboarding and termination processes through the governmental SGK portal. For international staff, we integrate payroll operations with ongoing Work Permit compliance requirements.
Related Advisory Services
Frequently Asked Questions (FAQ)
We already have an accountant abroad. Do we still need a Turkish CPA?
Yes. While your group accountant handles consolidated reporting and global planning, Turkish law explicitly requires compliance with local accounting and tax regulations via the Uniform Chart of Accounts. Furthermore, only a state-licensed Turkish CPA (SMMM) possesses the legal authority to submit official tax returns to the Ministry of Finance.
Can you manage cloud-based documents and digital signatures?
Absolutely. The Turkish tax system is highly digitized. We operate a 100% cloud-based infrastructure for document ingestion. E-invoices and e-ledgers are processed digitally, meaning your management team can oversee financial operations from anywhere in the world without handling physical paperwork.
How do you manage Double Taxation Treaties for dividend repatriation?
Turkey is a signatory to Double Taxation Prevention Agreements (DTT) with over 80 nations. Prior to executing dividend distributions or cross-border intercompany invoicing, our advisory team analyzes residency certificates and treaty provisions to minimize or eliminate withholding tax burdens, ensuring optimal capital repatriation.
How are your monthly accounting fees structured?
Retainer fees are calibrated based on the operational footprint of the subsidiary. Factors include monthly transaction volume, employee headcount, industry sector (e.g., e-commerce vs. consulting), and specific IFRS reporting requirements. We provide a transparent, fixed-fee proposal following an initial corporate structure review.
Last Updated: October 2026
Content & Compliance Review by: CPA Ayşe Nil Boyacıoğlu | Topic: Corporate Accounting & Tax Services
