Tax Exemption To Foundations

Foundations have played a major role in order to increase aid and solidarity in society for centuries. Today, foundations support the public service obligation as one of the leading non-governmental organizations.

In this context, after the audits made by the public authorities, the tax exemption granted to foundations increases their credibility in society. Therefore, society will provide more aid and donations to foundations with increased credibility. Therefore, these foundations, which are subject to audits, may reach more people in society.

In addition, for foundations to gain the status of collecting aid without permission, they should be granted tax exemption. Therefore, the tax exemption issue is of particular importance today. In this context, the application for tax exemption for foundations, the post-application period, and the obligations that foundations should comply with after obtaining tax exemption are summarized in this article.