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stopaj what is it? when is it used ? & a correct definition

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wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
17/11/2009 15:19

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Message 1 of 10 in Discussion

STOPAJ

What is it ?

Is it initials that mean something in Turkish as VAT means value added tax in the UK

Yes its an advance tax payment but how is it legally defined ?

What areas is it used in is there a formal Turkish definition that will then translate to English

sorry for being a pedant on this

Please if you do have the Turkish wording as well as the English translation that would be a great help



nurseawful



Joined: 06/02/2009
Posts: 5934

Message Posted:
17/11/2009 15:43

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Message 2 of 10 in Discussion

Stopaj I believe is the British equivalent of Capital Gains Tax but not 100% sure.



ozankoys


Joined: 20/06/2008
Posts: 905

Message Posted:
17/11/2009 15:49

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Message 3 of 10 in Discussion

It is just another tax levied on the Seller it is normally translated as Capital Gains Tax but as it is based on the whole value and not profit it does not equate to British CGT really



luem1


Joined: 29/07/2009
Posts: 109

Message Posted:
17/11/2009 16:25

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Message 4 of 10 in Discussion

It is tax deducted at source ie. equivalent to UK income tax.



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
17/11/2009 16:42

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Message 5 of 10 in Discussion

Info here - http://www.pwc.com/en_TR/tr/assets/ins-sol/publ/chapter13.pdf



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
17/11/2009 16:55

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Message 6 of 10 in Discussion

This link should explain better - http://www.cyprus44.com/forums/15958.asp



Cooper



wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
17/11/2009 17:23

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Message 7 of 10 in Discussion

Cheers Cooperfor the link Ismets comments were great

But what does the word mean ? is it initials for something?



come_on_aylin


Joined: 14/06/2008
Posts: 908

Message Posted:
17/11/2009 17:49

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Message 8 of 10 in Discussion

Stopaj is a Turkish word not initials, the definition in the dictionary is (tax law) stoppage at source, collection at source.



Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
17/11/2009 17:54

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Message 9 of 10 in Discussion

Isn't this the very tax that's not only preventing business growth, but forcing so many otherwise solvent people into near, or actual, bankruptcy?



wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
17/11/2009 18:06

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Message 10 of 10 in Discussion

Eileen many thanks



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