Assesment of the foundations in Turkey in terms of tax and accounting practises

At present, apart from the public and the private sector that lead the national economy, the importance of the civil society organizations as a third sector has been increasingly grown. Foundations, among all other civil socity organizations, stand in important place considering the benefits to the natioanl economy and the society life. Foundations adopt the principle of charity through serving the human being. While the foundations fullfilling their function in accordance with their aim, as they are in the national economy, it arises they also have to comply with some taxation liabilities. It has been appeared that in terms of tax liabilities, the foundations have no difference with any other enterprises. The foundations while complying with their tax liabilities,they also need a good acoounting system.As the foundations are oriented towards charity, the accounting system that is used should be different from other business firms.In this study, the situation of the foundations in front of the Turkish Tax Law while functioning their aim is assessed and the functioning of the accounting system with practises in the foundations is taken.