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Turkey Provides Guidance on Taxation of Sports Sponsorships

|Approved Changes|Turkey
Turkey

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…

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