Investigation of accounting and tax applications in organized industrial zones: Düzce II. OIZ example

Organized Industrial Zones (OIZ) has been established in accordance with Organized Industrial Zones Law No. 4562 in order to ensure that the industry is carried out in suitable areas, to direct urbanization, to prevent environmental problems, to use information and information technologies and the placement and development within a certain plan of the types of manufacturing industry. The aim of the study is to provide useful information to managers and professionals by examining the accounting and tax applications of Organized Industrial Zones. For this purpose, The accounting and tax applications of the Düzce II. OIZ have been analyzed by document analysis. In this study, the OIZ legal entity which is a service enterprise has to make the accounting records in accordance with the Uniform Accounting System. The OIZ is subject to the provisions of Value Added Tax, Stamp Duty, Income Tax and Corporate Tax Law in terms of tax practices. All activities of the OIZs are audited by supervisory board, Chartered Accountant and auditors of Ministry of Science, Industry and Technology. In addition, enterprises operating in OIZ benefit from some tax exemptions, exceptions, discounts and incentives.