Leasing operations and tax aspects of leasing in Turkey

In this thesis, the taxation practices of financial leasing and leasing concept that we can define as an alternative financing method and financing through leasing of investments are examined in Turkey. The first application of the concept of financial leasing in the world was the United States of America in the late 1960s. Moreover, it was also seen in Europa and Turkey and similar countries which was called that the developing country due to savings in the early 1970s. After 1980's in Turkey, likewise capital market regulations on medium and long term funds, they became mandatory and by enacting the first leasing act in 1985, leasing transactions are arranged, with financial incentives, their settlement and development is provided. Financial leasing operations, which is important to have a place, began to be implemented in Turkey since 1985. Due to problems that arose over time in practice, crisis in world economy and credit problems, new regulations required in the sector. Studies done in 2009, were yet validated by the end of 2012 with common law enacted with other financial institutions. No. 6361 Tax Aspects of New Leasing, Factoring and Financing Companies Act is the main purpose of this study. This study, which inspects the financial leasing operations in Turkey, consists of four major parts. In conclusion of the study, results and discussions are evaluated for the subject.