Kırklareli · Babaeski

Certified public accountant in Babaeski

A district dominated by agricultural production and produce trading. The accounting agenda starts with producer receipts and seasonal income.

Agriculture

How agricultural income is taxed

What determines the treatment is not the crop but the scale of the activity against the statutory business-size thresholds.
Basis

Actual basis or withholding

Farmers exceeding the business-size thresholds are taxed on the actual basis and must keep books; those below are treated as having been taxed through withholding at the point of sale. Which side of the line you are on has to be checked every year.

Documents

Producer receipts

A business buying from a farmer who is not taxed on the actual basis issues a producer receipt and calculates withholding. The rate varies by crop and by whether the sale is registered on the commodity exchange.

People

Seasonal labour

Registration, premium days and termination codes for harvest work. Unregistered employment costs not only a fine but also the right to social security incentives.

Support

Subsidies

Recognition and taxation of agricultural support payments, and depreciation of assets acquired with grants.

A recurring situation here: a business operates for years under the withholding basis, land and machinery grow, and one year the business-size threshold is crossed. If the crossing goes unnoticed, that year has neither books nor a return. We track that threshold annually.

Frequently asked — Babaeski

I am a farmer. Do I need to keep books?

If your agricultural income exceeds the statutory business-size thresholds you are taxed on the actual basis and must keep books. If not, your income is treated as taxed through withholding at the point of sale and you do not file a return.

What is the withholding rate on a producer receipt?

It depends on the type of produce and whether the sale is registered on the commodity exchange; registered sales carry a lower rate. Because rates change, we provide the current rate in writing when your purchasing procedure is set up.

I employ workers for two weeks at harvest. Is registration required?

Yes. However short the period, the registration must be filed before work begins. Unregistered employment brings an administrative fine and, more significantly, the loss of social security premium incentives for a year.

This page is general information. Our office is in Lüleburgaz; work across the region is carried out electronically, with on-site meetings when needed. Talk to us about your own situation.

Let's talk about Babaeski

Tell us your situation and we will set out in writing which service you need and what it will cost.

Send a request