Turkish Corporate Tax, Accounting Oversight and IFRS Reporting

Licensed Turkish Certified Public Accountant (SMMM), Founder of Celikel CPA Istanbul.

With over 15 years of corporate accounting and controllership experience, I guide multinational enterprises, foreign direct investors (FDI), and growth-stage tech companies through company incorporation via Power of Attorney, statutory tax compliance, and multi-currency IFRS consolidation.

342131537 TÜRMOB Official License
59112 Istanbul Chamber Registry
15+ Years Corporate Track Record
Yiğit Çelikel, Licensed Turkish CPA
Yiğit Çelikel, CPA (SMMM)
Founder and Managing Partner, Celikel CPA Istanbul

Areas of Practice

Statutory compliance, tax advisory, and international financial reporting services provided under Turkish CPA Law No. 3568:

1. Company Formation and Foreign Direct Investment (FDI)

Formation of Limited Liability Companies (LLC / Ltd. Şti.), Joint Stock Companies (JSC / A.Ş.), branch offices, and liaison offices in Turkey.

  • Remote incorporation via consular or apostilled Power of Attorney (PoA)
  • Potential tax ID procurement, signature circulars, and multi-currency bank accounts
  • Capital blockage compliance and Ministry of Trade approvals
  • Liaison office permit applications and renewal protocols

2. Corporate Tax Governance, Bookkeeping and Filings

Statutory bookkeeping in strict accordance with the Turkish Tax Procedural Code (VUK) and corporate tax returns.

  • Monthly Value Added Tax (VAT) and payroll withholding returns
  • Quarterly Advance Corporate Tax and annual 25% CIT filings
  • Statutory e-Ledger, e-Invoice, and electronic audit compliance
  • Export VAT refund files and representation before the Tax Administration

3. IFRS and US GAAP Financial Reporting

Converting local Turkish statutory records into standardized IFRS or US GAAP reporting packages for global corporate boards.

  • P&L, balance sheet, and cash flow consolidation in USD and EUR
  • Monthly management reporting packages for overseas parent companies
  • Budget vs actual variance analysis and cost accounting
  • Private equity and venture capital audit coordination

4. Confidential Payroll, SGK Incentives and Work Permits

Executive payroll processing, Turkish social security (SGK) labor compliance, and expatriate work permits.

  • Encrypted payroll distribution and severance reserve calculations
  • Statutory 5-point Treasury incentive optimization under Law No. 5510
  • Monthly Social Security (SGK) declarations and reconciliations
  • Work permit applications for foreign executives and technical staff

Who We Serve

Our advisory practice is structured around businesses that require transparent, partner-level communication in Turkey:

Multinational Subsidiaries and FDI

Foreign parent companies entering Turkey requiring English-language reporting, cross-border tax alignment, and strict adherence to statutory deadlines.

Tech Startups and Technopark R&D Hubs

Software companies operating in Technology Development Zones (Law No. 4691), venture-backed startups, and export-oriented digital businesses.

Established Turkish Corporations and Exporters

Mid-sized commercial enterprises seeking to mitigate tax audit risks, optimize payroll incentives, and professionalize financial controllership.

Professional Background and Philosophy

Entering the Turkish market or managing an operating subsidiary requires direct access to a licensed professional who understands how local tax laws (VUK, TTK) align with international business requirements.

Following my academic degrees in economics and administrative sciences at Sakarya University and Anadolu University, I spent over 14 years directing financial controllership, tax audit management, statutory reporting, and payroll compliance for leading Turkish and multinational enterprises.

In 2023, I established Celikel CPA in Istanbul to provide foreign direct investors, multinational groups, and growth-stage ventures with direct partner-level governance and transparent cross-border advisory.

When working with my firm, you deal directly with licensed professionals who bear legal accountability for your compliance, adhere to strict deadlines, and communicate in clear English.

2023 - Present

Celikel CPA & Accounting Firm

Founder and Managing Partner | Full-spectrum CPA, corporate tax, and cross-border advisory firm in Istanbul.

2023

TÜRMOB CPA License

License No: 342131537, Chamber Registry: 59112 | Authorized independent CPA across Turkey.

2009 - 2023

Corporate Financial Controllership

Over 14 years of corporate accounting leadership, tax auditing, and IFRS conversion across multiple industries.

Academic Degrees

Economics and Administrative Sciences

Graduated from Sakarya University and Anadolu University.

Contact and Advisory Inquiries

Reach out directly to discuss foreign company incorporation, changing your existing Turkish CPA, or structuring cross-border reporting.

Email: yigit@celikelcpa.com
Phone: +90 544 649 40 87
Office Address: Cevizli Saraylar Cd. No: 6 Dap Vazo Office, 34846 Maltepe / Istanbul, Turkey
Working Hours: Monday - Friday: 09:30 - 18:30 (TRT / UTC+3)
CPA License: TÜRMOB: 342131537 | İSMMMO: 59112
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Office Visit and Online Consultations

Introductory consultations are available at our Istanbul Maltepe office, or virtually via Google Meet or Zoom for overseas founders and corporate boards.

Please send a brief summary of your enterprise structure via email or reach out directly on WhatsApp to schedule an introductory call.