Tax Advisory

What happens if part of my money stays on Payoneer or Wise?

One condition of the earnings deduction is that all of the earnings are brought into Turkey by the annual return filing deadline. A balance held on a payment account abroad does not count as brought into Turkey. If only part of the earnings is brought in, the deduction is lost entirely, including for the part that was brought in. Personal spending abroad on a payment card can produce the same result.

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