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OUR SERVICES |
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Sena Auditing serves leading companies of divers sectors with its experienced personnel that consists of Sworn Financial Advisors, Certified Public Accountants, Auditors, Law and Social Security Consultants
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1. Value Added Tax Refund
Sena Auditing offers rapid, confidential and professional solutions to its customers in the field of VAT Refund. Sena Auditing has been executing your VAT refund operations with its professional personnel.
1.1 What is VAT Refund?
Firms pay VAT when purchasing good and services. On principle; they collect the VAT paid at purchasing by their deliveries. In this circumstance they would have no VAT obligations. This has several exceptions. In these exceptional cases, firms can not reflect the VAT paid at purchasing to its customers and get the right to have a VAT Refund. The most common refunds in our commercial life can be summarized as exportation, deliveries subjected to the rebated rate and other deliveries subjected to the Refund.
1.2 Refund of Exportation
As no VAT is collected during exportation, the VAT paid at purchasing can not be reflected to the customers. Due to the VAT legislations, firms need a Sworn Financial Advisory report to take back the VAT that can not be reflected.
1.3 Refund of the deliveries subjected to the rebated rate
This kind of refund exists in the cases when the VAT collected at deliveries is less than the VAT paid at purchasing. For example the firms which operate on the sectors where VAT rates are %8 and %1 can take VAT refunds. (Floury goods, textile, construction, alimentary). In addition, the firms will need Sworn Financial Advisory reports to have these refunds.
1.4 Other deliveries subjected to the Refund
The majority of the Refunds concern exportation or rebated rates. In addition to these, there exist several cases that are subjected to the refund. We can mention Refunds of exportation without paper, Refund of the sales with the export condition, Refund of the services arising from the transportation exception, Refund of the deliveries made under the investment incentive certificate. |
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2. Corporate Tax Ratification
Having the service of Corporate Tax Ratification minimize the risk of being audited by the government inspectors and prevent any mistake that may cause high tax penalties. The compliance of the Corporate Tax with the related legislation is tested by our professional personnel. In addition, the declaration of provisional tax is done every 3 months and is controlled and tested according to the related legislation. During the audits, Compliance of the books, financial statements and documents with the related legislation are audited. The mistakes made by the firm are corrected in order to reach a healthy financial structure. After all these operations, Corporate Tax ratification is reported. |
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3. Other Ratification Services
• Ratification of R&D Allowance
• Paid-in Capital Ratification
• Special Purposed Ratifications
• Inflation Adjustment Transactions
• Corporate Tax Exception Ratification Transactions
• Private Consumption Tax Refund and Deduction Transactions
• Activity Ratification Report
• Cost and Exception Ratification Transactions of Associations and foundations
• Wealth Analysis
• Audit and Ratification of the projects supported by European Union Funds.
• Radio and Television Supreme Council Shares Determination
• Investment Incentive Certificate Operations
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4. Consultancy Services
Today's commercial life requires high standardized financial advisory services based on competitiveness and performance. These services are considered as important as the huge investments implemented by businesses. A technical fault concerning the financial issues of a business can have irrecoverable damages. Accordingly, Sena Auditing offers a wide service portfolio by sharing the most rational and appropriate financial solutions to its customers.
4.1 Corporate Tax Consultancy
Sena Auditing offers consultancy and advisory services concerning Value Added Tax, Corporate Tax, Income Tax and any kind of fiscal issue.
In addition, Sena Auditing provides technical support at any document that come from the Tax Administration by preparing the appropriate responses during the correspondences.
Sena Auditing, presents daily information about the changes in the fiscal and financial legislation and provides financial and administrative support to its customers about the way to follow.
4.2 Consultancy Services regarding Tax Disputes
Ministry of Finance can execute fiscal controls on-line and can ascertain the loss of revenue thanks to the technological improvement. Therefore many companies get fiscal penalties or are required to give adjustment declaration. Due to the related articles of tax procedure law, taxpayers have the right to effect reconciliation with the Tax Administration. At the cases where reconciliation doesn't take place firms can resort to fiscal litigation. In both cases process management is critically important. This process necessitates Professional expertise not only at Turkish Commerce Law but also several principles of Turkish Law System. Sena Auditing's Tax Disputes service covers all transactions required to settle the dispute from the notification of fiscal penalty letter to the finalization of court decision. In this context our professional personnel executes the talks, negotiations and operations by offering you the best analysis.
4.3 International Companies Setting Up in Turkey
Why Turkey
A fast growing domestic market
Qualified, cost-effective and motivated labor force.
A liberal and reformist investment climate
Centrally located between Europe, Central Asia and the Middle East
A booming country with a GDP increase of %143 between 2003 and 2008 totaling USD 742 billion
Lots of international companies plan to invest in Turkey because of all the advantages above. Accordingly, Sena Auditing can be your partner with its professional personnel in Turkey. Sena Auditing's services are related in 4 major topics for the international investors;
Financial Consultancy and Advisory
Recruiting and HR Services
Buy / Merger / Acquisition Services ( M&A Department)
Legal Legislation and Operations.
4.4 Valuation Services
Private Company Valuations have become more important during the merger, acquisition, buy and sell processes. Valuation specialists should keep into consideration the past and present performance of the company, company's future position in its sector, company's competitive advantage etc.
Sena Auditing's Valuation specialists serve you at any kind of valuation subjects respecting the related regulations.
4.5 Sell / Buy Services (M&A Department)
Buy and sell events are frequent in today's competitive business world. Sena Auditing offers you a full services of M&A issues including the issues involved in selling a minority or majority shareholding, the sale of shares in a business or its assets, mergers, acquisitions, fiscal liabilities that can happen during buy & sell operations etc.
4.6 New Company Establishment
There is a long and trying process to follow after taking the decision of company establishment. Sena Auditing fulfils all the required operations for your new born company. (Listing and preparing required documents and main contract, notarizing the related documents, chamber of commerce registration, business register administration approval, tax administration registration, registration of SGK, Iskur and BÇM)
4.7 Installation and Implementation of accounting systems
Especially the new established firms and firms that have just carried their activity in a new sector have difficulties to set up an effective and appropriate accounting system. Sena Auditing implements the most efficient and rapid accounting systems that conform to the unified accounting system instructions and correct the accounting mistakes made by the business.
4.8 Commercial Law Services
Complexity of payment and barrowing operations in today's business life cause lots of trade disputes. Sena Auditing offers you a high-standardized service concerning any kind of trade disputes and legal services with the professional Law Consultants.
4.9 Recruiting Services
Sena Auditing forwards you the personnel and administrator you need by having a verbal and written interview. The selected applicants who will work at Accounting, Finance and Administration departments are informed about their future job and forwarded to the authorized person in your company.
4.10 Preparation of all Tax Declarations and their Accruals
Sena Auditing prepares your tax declarations (Value Added Tax, Corporate Tax, Income Tax, Provisional Tax, stamp tax and withholding tax) and checks up the declarations and forwards to the tax administration in electronic form.
4.11 Services regarding Labor Law and its Applications
Sena Auditing offers you a full service concerning the Labor Law with its professional personnel and Social Security Consultants. Your inquiries about the Labor Law no 4857 are rapidly answered and forwarded to you.
4.12 Capital Increase
Firms can make a call for a capital increase to strengthen their capital which was melted during the high inflation rates, to make new investments or to continue their ordinary activities. Sena Auditing carries out all the required operations to make a capital increase at the highest quality standards.
4.13 Corporate Identity Consultancy
Sena Auditing offers you Corporate Identity Consultancy as well as Financial Consultancy. In this context, Sena Auditing offers you a full service with a wide perspective including the SWOT Analysis, strategic planning, institutionalizing the family-owned enterprises, company constitutions, web sites and catalog preparations.
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