Separate returns are filed for each liquidation period and liquidation profit is subject to corporate tax. Amounts distributed to shareholders at the end may qualify as dividends, and liquidators bear liability for tax debts.
Source: 5520 sayılı Kurumlar Vergisi Kanunu md. 17, 6102 sayılı TTK
Related terms
Corporate income taxThe tax levied on the earnings of capital companies, cooperatives and other corporate entities.Tax returnThe official document in which a taxpayer reports the tax base and the tax calculated to the tax administration.Tax-neutral mergers and divisionsCarrying out mergers, full and partial divisions and share exchanges that meet statutory conditions at book values without triggering tax.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Advance tax rulingA written explanation issued by the tax administration upon a taxpayer's written request about its own tax position or matters it considers unclear.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.
Last updated: November 8, 2026 · This definition is for general information only.