{"id":200,"date":"2019-01-14T19:53:04","date_gmt":"2019-01-14T19:53:04","guid":{"rendered":"http:\/\/smart-outsourcing.com\/?p=200"},"modified":"2019-02-08T17:45:55","modified_gmt":"2019-02-08T17:45:55","slug":"decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey","status":"publish","type":"post","link":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/","title":{"rendered":"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey"},"content":{"rendered":"<p>According to the decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey, persons who do not have foreign currency income will not be able to use foreign currency loans from abroad or within the country as of 02\/05\/2018. Here, what is implied with foreign currency income is expressed as follows:<\/p>\n<p>&#8220;Revenues from export, transit trade, export sales and deliveries determined by the relevant legislation, and foreign exchange earning services and activities&#8221;. However, foreign exchange income condition will not be sought in cases listed in the decision and in the following cases, what stands out from this condition is that the restriction does not include the foreign exchange credits to be used by residents in Turkey, whose credit balance is 15 million USD or more on the date of use. Here, what is meant by the term credit balance is expressed as follows:<\/p>\n<p>&#8220;The sum of foreign currency loans which are obtained from within the country or abroad, that have not been repaid,\u201d Circumstances in which foreign currency income condition will not be required:<\/p>\n<p>\u2022 Foreign currency credits to be used by residents of Turkey, whose credit balance is 15 million US dollars or over on the date of use.<\/p>\n<p>\u2022 Foreign currency credits to be used by residents in Turkey under the investment incentive certificate, and foreign currency credits to be used for the financing of machinery and equipment (excluding used ones and parts and accessories) in customs tariff statistical positions enumerated in Annex (I) in the 17th line of the Decision on the Determination of VAT Rates to be Applied to Goods and Services.<\/p>\n<p>\u2022 Foreign currency credits to be used by those who have been awarded the tender, which has been declared internationally, in relation to the activities related to domestic tenders, or those who have undertaken defense projects approved by the Under secretariat of Defense Industry in Turkey.<\/p>\n<p>\u2022 Residents of Turkey who do not have foreign currency income in the last three fiscal years, and foreign currency credits they will use, provided it is certified that does not exceed the total of possible foreign currency incomes they have certified, export, transit trade, export of sales and deliveries and foreign currency generating services and activities related to the connections and possible foreign currency income.<\/p>\n<p>\u2022 Foreign currency credits to be used by residents in Turkey within the principles to be determined by the Ministry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey, persons who do not have foreign currency income will not be able to use foreign currency loans from abroad or within the country as of 02\/05\/2018. Here, what [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey &bull; Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey &bull; Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul\" \/>\n<meta property=\"og:description\" content=\"According to the decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey, persons who do not have foreign currency income will not be able to use foreign currency loans from abroad or within the country as of 02\/05\/2018. Here, what [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/\" \/>\n<meta property=\"og:site_name\" content=\"Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-14T19:53:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-08T17:45:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/smart-outsourcing.com\/wp-content\/uploads\/2019\/01\/account-achievement-bank-870902-1024x641.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"641\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/\"},\"author\":{\"name\":\"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#\/schema\/person\/4a9de960700af82595784a400ef6cb0c\"},\"headline\":\"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey\",\"datePublished\":\"2019-01-14T19:53:04+00:00\",\"dateModified\":\"2019-02-08T17:45:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/\"},\"wordCount\":418,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#organization\"},\"articleSection\":[\"News &amp; Insights\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/\",\"url\":\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/\",\"name\":\"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey &bull; Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul\",\"isPartOf\":{\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#website\"},\"datePublished\":\"2019-01-14T19:53:04+00:00\",\"dateModified\":\"2019-02-08T17:45:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/smart-outsourcing.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#website\",\"url\":\"https:\/\/smart-outsourcing.com\/en\/\",\"name\":\"Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul\",\"description\":\"Accounting | Payroll | Tax | Law | Bookkeeping &amp; Rechts- und Steuerberatungskanzlei in Istanbul - Ihr Steuerberater und Rechstberater in der T\u00fcrkei\",\"publisher\":{\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/smart-outsourcing.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#organization\",\"name\":\"Smart Outsourcing \/ Rechtsanwalts- und Steuerberatungskanzlei Istanbul\",\"url\":\"https:\/\/smart-outsourcing.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/smart-outsourcing.com\/wp-content\/uploads\/2018\/12\/logo-edited.png\",\"contentUrl\":\"https:\/\/smart-outsourcing.com\/wp-content\/uploads\/2018\/12\/logo-edited.png\",\"width\":1500,\"height\":1000,\"caption\":\"Smart Outsourcing \/ Rechtsanwalts- und Steuerberatungskanzlei Istanbul\"},\"image\":{\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.instagram.com\/smartoutsourcingistanbul\/\",\"https:\/\/www.linkedin.com\/company\/18522276\/admin\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#\/schema\/person\/4a9de960700af82595784a400ef6cb0c\",\"name\":\"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/smart-outsourcing.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/smart-outsourcing.com\/wp-content\/litespeed\/avatar\/4ef83b571816d27c0588df89fc130832.jpg?ver=1775588272\",\"contentUrl\":\"https:\/\/smart-outsourcing.com\/wp-content\/litespeed\/avatar\/4ef83b571816d27c0588df89fc130832.jpg?ver=1775588272\",\"caption\":\"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei\"},\"url\":\"https:\/\/smart-outsourcing.com\/en\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey &bull; Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/","og_locale":"en_US","og_type":"article","og_title":"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey &bull; Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul","og_description":"According to the decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey, persons who do not have foreign currency income will not be able to use foreign currency loans from abroad or within the country as of 02\/05\/2018. Here, what [&hellip;]","og_url":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/","og_site_name":"Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul","article_published_time":"2019-01-14T19:53:04+00:00","article_modified_time":"2019-02-08T17:45:55+00:00","og_image":[{"width":1024,"height":641,"url":"https:\/\/smart-outsourcing.com\/wp-content\/uploads\/2019\/01\/account-achievement-bank-870902-1024x641.jpg","type":"image\/jpeg"}],"author":"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/#article","isPartOf":{"@id":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/"},"author":{"name":"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei","@id":"https:\/\/smart-outsourcing.com\/en\/#\/schema\/person\/4a9de960700af82595784a400ef6cb0c"},"headline":"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey","datePublished":"2019-01-14T19:53:04+00:00","dateModified":"2019-02-08T17:45:55+00:00","mainEntityOfPage":{"@id":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/"},"wordCount":418,"commentCount":0,"publisher":{"@id":"https:\/\/smart-outsourcing.com\/en\/#organization"},"articleSection":["News &amp; Insights"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/","url":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/","name":"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey &bull; Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul","isPartOf":{"@id":"https:\/\/smart-outsourcing.com\/en\/#website"},"datePublished":"2019-01-14T19:53:04+00:00","dateModified":"2019-02-08T17:45:55+00:00","breadcrumb":{"@id":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/smart-outsourcing.com\/en\/decision-on-the-use-of-foreign-currency-loans-by-residents-who-do-not-have-foreign-currency-income-in-turkey\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/smart-outsourcing.com\/"},{"@type":"ListItem","position":2,"name":"Decision on the use of foreign currency loans by residents who do not have foreign currency income in Turkey"}]},{"@type":"WebSite","@id":"https:\/\/smart-outsourcing.com\/en\/#website","url":"https:\/\/smart-outsourcing.com\/en\/","name":"Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul","description":"Accounting | Payroll | Tax | Law | Bookkeeping &amp; Rechts- und Steuerberatungskanzlei in Istanbul - Ihr Steuerberater und Rechstberater in der T\u00fcrkei","publisher":{"@id":"https:\/\/smart-outsourcing.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/smart-outsourcing.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/smart-outsourcing.com\/en\/#organization","name":"Smart Outsourcing \/ Rechtsanwalts- und Steuerberatungskanzlei Istanbul","url":"https:\/\/smart-outsourcing.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/smart-outsourcing.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/smart-outsourcing.com\/wp-content\/uploads\/2018\/12\/logo-edited.png","contentUrl":"https:\/\/smart-outsourcing.com\/wp-content\/uploads\/2018\/12\/logo-edited.png","width":1500,"height":1000,"caption":"Smart Outsourcing \/ Rechtsanwalts- und Steuerberatungskanzlei Istanbul"},"image":{"@id":"https:\/\/smart-outsourcing.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.instagram.com\/smartoutsourcingistanbul\/","https:\/\/www.linkedin.com\/company\/18522276\/admin\/"]},{"@type":"Person","@id":"https:\/\/smart-outsourcing.com\/en\/#\/schema\/person\/4a9de960700af82595784a400ef6cb0c","name":"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/smart-outsourcing.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/smart-outsourcing.com\/wp-content\/litespeed\/avatar\/4ef83b571816d27c0588df89fc130832.jpg?ver=1775588272","contentUrl":"https:\/\/smart-outsourcing.com\/wp-content\/litespeed\/avatar\/4ef83b571816d27c0588df89fc130832.jpg?ver=1775588272","caption":"Smart Outsourcing Istanbul \/ Steuerberatungs- und Anwalstkanzlei"},"url":"https:\/\/smart-outsourcing.com\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/posts\/200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/comments?post=200"}],"version-history":[{"count":3,"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/posts\/200\/revisions"}],"predecessor-version":[{"id":734,"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/posts\/200\/revisions\/734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/media\/732"}],"wp:attachment":[{"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/media?parent=200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/categories?post=200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart-outsourcing.com\/en\/wp-json\/wp\/v2\/tags?post=200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}