Sadakatasi is an association serving in the public interest in accordance with the presidential decree and Article 27 of 5253 Law on Associations.

THE INSTITUTION CAN DEDUCT 5% OF ITS PROFITS WITHIN ONE YEAR FROM TAX.

FOR INSTANCE:

1. IN 2020, A INSTITUTION THAT MAKES A PROFIT OF ₺100,000.00  (NET EARNER) CAN DEDUCT FROM ITS TAX BY HELPING ₺5,000,00
2. IN 2019, AN INSTITUTION THAT MAKES A PROFIT OF ₺1,000,000,00 CAN DEDUCT FROM ITS TAX BY SUPPORTING  ₺50,000,00

THE INSTITUTION MUST HAVE MADE A PROFIT WITHIN THAT YEAR.

FOR EXAMPLE:

A NON-PROFIT INSTITUTION THAT RUNS OUT THE 2020 PERIOD WITH A LOSS CANNOT BENEFIT FROM THIS TAX DEDUCTION.

THE INSTITUTION MUST HAVE MADE A PROFIT WHEN WE HOLD UP IT AS AN EXAMPLE AND PROFIT SHOWS THE CURRENT ANNUAL EARNINGS.

SUCH AS:

IF THE INSTITUTION THAT TRADES ₺1.000,000,00 IN THE YEAR DEMONSTRATES  ₺100.00,00 (OWN NET AVAILS) AS A PROFIT IN ITS DECLARATION, ₺5.000,00 IS REDUCED FROM ITS TAX.

THE INSTITUTION THAT MADE A LOSS IN THE PREVIOUS YEAR ESTIMATES 5%, DROPPİNG THE PREVIOUS YEAR'S LOSS FROM THE PROFIT.

TO EXEMPLIFY:

WHEN AN INSTITUTION THAT HAS LOST ₺ 20,000.00 IN 2020 MAKES A PROFIT OF  ₺100,000.00 IN 2021, THE LOSS IS DEDUCTED FROM THE PROFIT.

100,000,00 – 20,000,00 = 80.000,00₺  5% IS TAKEN OVER ₺80.000.00 . ₺4,000,000 IS FLOPPED FROM TAXES