Aug. 29, 2024
What will happen on Inflation-Adjusted Accouting next?
According to last communique released;
- The companies whose turnover was less than 50 Million TL in Profit/Loss Statement dated 31.12.2023 will not apply Inflation adjustment for the second and third quarter Advanced-paid Corporate Income Tax
- It is mandatory for the companies not to apply Inflation adjustment. It is not optional.
- Those companies/taxpayers will not attached balance sheet in tax return.
- The files tax returns will be amended without considering inflation adjustment until deadline (September 6th)
- The companies/taxpayers can be refunded in case they already paid the tax derived.
- The companies/taxpayers whose turnover was more than 50 Million in P/L Statement dated 31.12.2023 keep filing Advanced-paid Corporate Income Tax with Balance Sheet adjusted with Inflation.
According to last communique released;
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- The c
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- Companies whose turnover was less than 50 Million TL in the Profit/Loss Statement dated 31.12.2023 will not apply Iinflation adjustment for the second and third quarter Advanced-paid Corporate Income Tax
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- It is mandatory for the companies to not to apply Ifor inflation adjustment.
It is not optional.
Since you stated it was mandatory earlier, you don't need to reiterate that it isn't optional.
- The filesd tax returns will be amended without considering inflation adjustment until the deadline (September 6th)
¶¶
¶
- The c
¶
- Companies/taxpayers can be refunded in case they already paid the tax derived.
- The companies/taxpayers whose turnover was more than 50 Million in P/L Statement dated 31.12.2023 keep filingmust file an Advanced-paid Corporate Income Tax with Balance Sheet adjusted with Ifor inflation.
"[K]eep filing Advanced-paid Corporate Income Tax with Balance Sheet adjusted with Inflation" is strangely worded as we don't typically say "keep filing". I'm assuming that the law states that they need to complete a form and corresponding Balance Sheet.
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What will happen on Inflation-Adjusted Accouting next? |
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According to last communique released; - The companies whose turnover was less than 50 Million TL in Profit/Loss Statement dated 31.12.2023 will not apply Inflation adjustment for the second and third quarter Advanced-paid Corporate Income Tax - It is mandatory for the companies not to apply Inflation adjustment. According to last communique released |
|
It is not optional.
Since you stated it was mandatory earlier, you don't need to reiterate that it isn't optional. |
|
- Those companies/taxpayers will not attached balance sheet in tax return. |
|
- The files tax returns will be amended without considering inflation adjustment until deadline (September 6th) - The companies/taxpayers can be refunded in case they already paid the tax derived. - The file |
|
- The companies/taxpayers whose turnover was more than 50 Million in P/L Statement dated 31.12.2023 keep filing Advanced-paid Corporate Income Tax with Balance Sheet adjusted with Inflation. - The companies/taxpayers whose turnover was more than 50 Million in P/L Statement dated 31.12.2023 "[K]eep filing Advanced-paid Corporate Income Tax with Balance Sheet adjusted with Inflation" is strangely worded as we don't typically say "keep filing". I'm assuming that the law states that they need to complete a form and corresponding Balance Sheet. |
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- The files tax returns will be amended until deadline (September 6th) - The companies/taxpayers can be refunded in case they already paid the tax derived. |
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