THE CASE OF THE PROFESSION OF PORTFOLIO MANAGEMENT AND PORTFOLIO MANAGEMENT ACTIVITIES CONCERNING TAX LAW

Portfolio management is considered within the scope of investment services and activities. By receiving permission from Capital Markets Board (CMB) under an institutional structure, the profession of portfolio management is professed through the agency of portfolio management companies. These companies are accepted as stock exchange commissions. On the other hand, stockbrokers and banks are permitted to participate in portfolio management activities. Portfolio management companies, stockbrokers and banks are established under the business name of Stock Corporation. Thereby, they are obliged to company tax. In addition to this, companies are licensed to open a branch and work according to agency agreement. Portfolio management companies value the customers’ portfolios by means of the launched investment funds. Through systematic literature review and grammatical interpretation of the related acts of law, this study aims to explain the case of the profession of portfolio management, its practice and investment funds concerning the tax law, more specifically from the aspects of Capital Markets Law, Corporate Tax Law, Income Tax Law and Value Added Tax Law, Expenditure Tax Law, Stamp Tax Law and Act of Fees