Post by amina147 on Mar 9, 2024 3:47:11 GMT
The the Tax Procedure Law which were added to our Tax Legislation with Law No. It is considered that it can be applied in the revaluation processes to be carried out. ARTICLE. Corporate Tax from Conversion to Exchange Protected Deposits With the Law on Amendments to the Tax Procedure Law No. and the Corporate Tax Law earnings obtained from exchange rate protected deposit accounts are exempt from tax. With this regulation gains exchange rate difference and interest income obtained as a result of converting foreign currency and gold accounts into exchange rate protected deposit accounts are exempt from tax.
This practice aims to prevent fluctuations in the exchange rate and ensure that the exchange rate decreases. However upward increases in exchange rates have been Austria Phone Numbers List observed recently. This article makes detailed analysis about the tax advantages of exchange rate protected deposits in line with Law No. and relevant communiqus. ENTRANCE With the Law on Amendments to the Tax Procedure Law and the Corporate Tax Law numbered published in the Official Gazette dated. Provisional Article was added to the Corporate Tax Law and exemptions were introduced for the earnings obtained due to exchange rate protected deposit accounts.
With the provisional regulation in the th article of corporate tax the gains exchange rate difference and interest income obtained as a result of the conversion of foreign currency and gold accounts into exchange rate protected deposit accounts are exempt from tax. It has been stated by the Central Bank of the Republic of Turkey that foreign currency deposit account and foreign currency participation fund account balances in banks in US dollars Euros and British pounds can be converted into Turkish lira at the conversion rate if the account owner requests. Thus conversion to TL through all foreign currency types was prevented. With the mentioned exchange rate protected deposit application it is aimed to reduce the demands of real.
This practice aims to prevent fluctuations in the exchange rate and ensure that the exchange rate decreases. However upward increases in exchange rates have been Austria Phone Numbers List observed recently. This article makes detailed analysis about the tax advantages of exchange rate protected deposits in line with Law No. and relevant communiqus. ENTRANCE With the Law on Amendments to the Tax Procedure Law and the Corporate Tax Law numbered published in the Official Gazette dated. Provisional Article was added to the Corporate Tax Law and exemptions were introduced for the earnings obtained due to exchange rate protected deposit accounts.
With the provisional regulation in the th article of corporate tax the gains exchange rate difference and interest income obtained as a result of the conversion of foreign currency and gold accounts into exchange rate protected deposit accounts are exempt from tax. It has been stated by the Central Bank of the Republic of Turkey that foreign currency deposit account and foreign currency participation fund account balances in banks in US dollars Euros and British pounds can be converted into Turkish lira at the conversion rate if the account owner requests. Thus conversion to TL through all foreign currency types was prevented. With the mentioned exchange rate protected deposit application it is aimed to reduce the demands of real.