Taxation of İnsurance Companies in Turkey

Compensation of the risk of daily life is tried to be solved with the understanding of insurance. This compensatory insurance starts with the contract and strengthens with the capacity to create funds with it. An advanced understanding of insurance and the quality services it will offer will expand the economy. The expanding economy will be individuals with increased social benefits, especially citizens of the country. When we consider an economy that does not have an understanding of insurance, the sense of trust and the expanding effect of insurance will never occur. Therefore, it has gained a place in the world economy by multiplying its importance on the realization of this positive effect of insurance understanding which has employment increasing effect. The insurance sector, which has a distinct importance in developed world countries, has just started to be seen as a new investment area in our country. This process, which started with the purchase of risk, is the milestone of a new era towards becoming a developed country. Insurance companies realize this contract with the policy they take on both sides mutually and rely on the logic of sharing the risk. Insurance companies collecting money under the name of premium from the location as the price of a number of services they offer. The collected premiums will be subject to tax by the Turkish Tax System, the crime scene, the concept of which gives rise to tax. In our study, the direct and indirect taxes paid by the insurance companies as taxpayers and the son were named as funds. The said taxes have been subject to certain reductions by the tax creditor and efforts have been made to facilitate the provisions that can be regarded as incentives in various respects. However, the insurance sector, which cannot fully respond to the needs of our economy, is to evaluate the issues mentioned in the results and recommendations section instead of being supported by these limited incentives.