Intangible rights in Turkish tax law

Today's world is shaped by creativity, entrepreneurship, and knowledge. For this reason, intellectual products increase their position in every field, also in the 21st century, most commercial transactions are carried out through intellectual products rather than the sale of goods. Income and expense items related to these transactions results in tax law. Intellectual and industrial rights such as trademarks, patents, designs, copyright works, concepts such as commercial title, business name, know-how and franchise, which have economic value, constitute intangible rights. The term intangible right is mentioned in the Tax Procedure Law Article 269 but its place and nature in the rights system should be understood. Indeed, it can be confused with intellectual property rights. The term, which mostly consists of private law rights, is handled with its economic value in terms of accounting systems. However, in some cases, the duration, benefit, and value of the right are not suitable for economic evaluation. In the Turkish tax system, intangible rights could become the subject of exceptions and also the use of the right by the right holder, heir or third parties and the cases in which it is subject to the transaction should be examined. Thus, this study aims to explain taxable events, exceptions, and tax responsibilities in terms of each tax type.