Post by amina147 on Mar 9, 2024 4:51:16 GMT -5
The below for your information in detail. Earnings Obtained from Depositing Foreign Currencies in the Balance Sheets Dated . to KKM Accounts Are Included in the Scope of Exception In addition to Law No. and other regulations provisional article of the KVK regarding the application of exceptions to the profits obtained by legal entities from converting foreign currencies in their balance sheets dated . into Turkish lira.
The following paragraphs have been added after the article and the following paragraphs have been sequenced accordingly Institutions must convert their foreign currencies in their balance sheets dated into Turkish lira at the conversion rate within the scope of supporting the conversion into Turkish lira deposit and participation Austria Phone Numbers List accounts until the end of and the Turkish lira asset obtained in this way must be converted into Turkish lira with a maturity of at least three months. In case they are evaluated in deposit and participation accounts interest dividends and other earnings obtained at the end of maturity including those arising from the end of period valuation of the said accounts are exempt from corporate tax.
The President is authorized to apply the exception for foreign currencies included in the balance sheets dated andor . Exceptions within the scope of this article are also applied to accounts renewed at maturity until the end of . Scope of Exception With this regulation made as the th paragraph of the temporary article of the KVK if the institutions convert their foreign currencies in their balance sheets dated . into exchange rate protected Turkish lira time deposit and participation KKM accounts until the end of the following earnings will be exempt from corporate tax to KKM accounts at the end of provisional tax and corporate tax periods that end before their maturity dates Interest and dividends earned at maturity Gains that may arise depending.
The following paragraphs have been added after the article and the following paragraphs have been sequenced accordingly Institutions must convert their foreign currencies in their balance sheets dated into Turkish lira at the conversion rate within the scope of supporting the conversion into Turkish lira deposit and participation Austria Phone Numbers List accounts until the end of and the Turkish lira asset obtained in this way must be converted into Turkish lira with a maturity of at least three months. In case they are evaluated in deposit and participation accounts interest dividends and other earnings obtained at the end of maturity including those arising from the end of period valuation of the said accounts are exempt from corporate tax.
The President is authorized to apply the exception for foreign currencies included in the balance sheets dated andor . Exceptions within the scope of this article are also applied to accounts renewed at maturity until the end of . Scope of Exception With this regulation made as the th paragraph of the temporary article of the KVK if the institutions convert their foreign currencies in their balance sheets dated . into exchange rate protected Turkish lira time deposit and participation KKM accounts until the end of the following earnings will be exempt from corporate tax to KKM accounts at the end of provisional tax and corporate tax periods that end before their maturity dates Interest and dividends earned at maturity Gains that may arise depending.