Turkey Provides Guidance on Taxation of Sports Sponsorships

Turkey's Revenue Administration has announced the publication of the Guide to the Taxation of Sponsorship Expenditures, which covers sports-related sponsorships of athletes, clubs, etc. According to the guide, examples of eligible sponsorship expenditures include:
- Sports facility rental costs;
- Travel, accommodation, and food expenses for athletes;
- Sports equipment costs;
- In-kind and cash exp…