The amount of tax returned to the clubs that was transferred to the amateur fell to 70 percent
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Regulation on transferring, using and controlling the share determined from the income tax collected through withholding from the athlete wages to the special account NewspaperPublished in.
Youth and Sport The Ministry of Turkey Football Federation (TFF) and who were registered to individual sports federations and Turkey operating in sports clubs and declared athletic field operating in a capital company by was withheld from wages paid to athletes in the statutory period the related tax office and paid income tax from the amount, Youth and at the request of the Ministry of Sports, Treasury and Finance The principles regarding the transfer of the shares approved by the Minister to the special account to be opened on behalf of the Ministry of Youth and Sports, the use and supervision of the amounts transferred to the special account and the implementation principles came into effect as of 31.12.2020.
Regulation, “Projected support active in amateur sports from the application, which has been registered with the Youth and Sports Ministry or Turkey Football Federation and sports clubs operating in Turkey, the Turkey Football Federation or individual sports federations to register and may benefit from capital companies operating registration of the book at the sports field “It was said.
SHARE OF AMATEUR BRANCHES FALLED TO 70 PERCENT
In addition, in the regulation regarding the use of the shares transferred to the Ministry of Youth and Sports, “The shares of the income tax withheld over the wages paid to the athletes and which are declared on time, the shares approved by the Ministry of Treasury and Finance upon the request of the Ministry of Youth and Sports will be opened on behalf of the Ministry of Youth and Sports. 70% of these amounts transferred to the special account of the Ministry of Youth and Sports are transferred to the special account of the relevant employer in proportion to the tax amount paid to be used in amateur sports branches.A commission is formed by the Ministry of Youth and Sports to transfer the remaining 30% share, and this commission Every year, the status of sports clubs and capital companies willing to benefit from the assistance is examined by the commission. Based on the scoring to be made by the commission according to the determined criteria, the relevant share is transferred to the sports clubs and capital companies “.
Regarding the amounts transferred to the special account of the employer, “The gross payments made to the athletes engaged in sports activities in amateur sports branches, their trainers and other sports personnel, the food, accommodation, travel, related to the sports activities of the athletes, trainers and other sports personnel within the scope of the sub clause, It is used for health, education and training expenditures and preparation camps for amateur sports branches, competition, materials and equipment, federation visa, license, registration and participation expenses.
In addition, “wages and payments to athletes engaged in sports activities in amateur sports branches, their trainers and other sports personnel are paid annually for each athlete, coach and other sports personnel included in the third income bracket of the tariff written in Article 103 of the Law No. 193. and cannot exceed three times the amount valid for wages in the relevant year “.
ACCOUNTS WILL BE INSPECTED AT LEAST ONCE A YEAR
In the article published regarding the audit of accounts, “All transactions regarding the special account within one year are audited at least once a year by the commissions or commissions to be determined by the Ministry of Treasury and Finance and the Ministry of Youth and Sports. It is essential that these audits are completed until the end of the following year. The audit report is submitted to the Ministry of Treasury and Finance (General Directorate of Public Accounts) and the Ministry of Youth and Sports “.
Lastly, “The Regulation will enter into force on the date of its publication as of 1/1/2020. The Minister of Treasury and Finance and the Minister of Youth and Sports will execute the provisions of this Regulation” were stated.
