BUS 493 SPRING 2018-19 MIDTERM QUESTIONS AND ANSWERS1-What are the penalties in Turkish tax law? Please briefly explain ‘’Tax loss/vergi kaybı’’ penalty’’ (20 points)1-They are divided into two groups as fiscal and criminal penalties.Fiscal penalties are regulated by tax law and divided into two sub group as procedural and tax loss penalty.Criminal penalties are regulated by criminal law, can be applied for tax evasion and violation of tax secrecy by officials of the tax authorities. Tax loss penalty is applied when a taxpayer causes under calculation or delay of accrual of taxes. It is normally 100% of principle amount, but for some cases 50% (if tax returns is filed lately) or 300% (for tax evasion) 2-What is the meaning of proof and who has the burden of proof in Turkish Tax Law? Whichevidences can be used for this purposes? (20 points)2-‘’Proof’’ means to convince the judge or authority that your claim is right by using some evidences. All kind of evidence can be used for this purpose apart from swear and testimony of any witness not having any natural relation with the case.