Abstract
A TAX WITHOUT A TAXPAYER; INCOME TAX BELONGS TO DEVELOPMENT AGENCIES PROJECT SPECIAL ACCOUNT’S INTEREST INCOME
Development agencies provide grant support to businesses which operate plenty of fields as well as public and non-governmental organizations.In time, some problems can be occured in development agencies grant support system. One of these problems is that there is no provisions in tax law about the sitiation which is the income gathered during project period benefit from project account by project beneficiary returns to the development agency at the end of project period. This condition causes some problems in practice. The purpose of this study is to reveal current practice by the reason of the fact that there is no clear provision in the legislation, to express criticism of the relevant practice and to guide the removal of the legislative gap. In the study, priority was given to establishment of the development agencies and their supports, and the accounts chart used by the agencies was presented. Some definitions were given about taxation and interest income, its accounting and decleration and return of the income tax cut off at the source were explained. The problems of the research were identified and how the existing applications were realized by making use of the information acquisition system and interpretations were made.
Keywords
Development Agencıes, Interest Income, Income Tax
