Post by account_disabled on Mar 16, 2024 5:51:21 GMT
The companies as expenses in determining the corporate tax base in the year they are allocated has also been granted to factoring companies and the deficiency in the article has been eliminated. Accordingly factoring companies will accept all special provisions set aside within the scope of the relevant article as expenses in determining the corporate tax base in the year they are allocated. RECEIVABLES THAT ARE DEPUTED FROM THE RECORD BECAUSE THERE IS NO POSSIBILITY FOR COLLECTION WILL BE CONSIDERED AS WORTHLESS RECEIVABLES. With the clause added in Article of Law No.
It has been determined that the receivables written off due to no possibility of collection after making special provision in accordance with the said article will be considered as worthless receivables within the scope of the provisions of Article of the TPL . Accordingly receivables that are no longer collectible after setting special provisions by financial leasing companies B TO B Database factoring companies and financing companies will be considered as worthless receivables when written off from the records and will be written off as a loss based on their recorded values on that date. At this point since the special provisions in question are considered as expenses in determining the corporate tax base in the year in which they are allocated in accordance with the said article it should not be overlooked that the
previously allocated provisions should be closed by using the obsolete provisions account before being considered as worthless receivables and expensed.
Otherwise there will be a tax loss as the amounts subject to the provision will be recorded as expense twice. REDETERMINATION AND USE OF FOREIGN EXIT FEES By making changes in the Law No. on Foreign Departure Fee and the Law on Amendments to Various Laws the international departure fee is increased from TL to TL and in addition Giving the President the authority to reduce the amount in question to.
It has been determined that the receivables written off due to no possibility of collection after making special provision in accordance with the said article will be considered as worthless receivables within the scope of the provisions of Article of the TPL . Accordingly receivables that are no longer collectible after setting special provisions by financial leasing companies B TO B Database factoring companies and financing companies will be considered as worthless receivables when written off from the records and will be written off as a loss based on their recorded values on that date. At this point since the special provisions in question are considered as expenses in determining the corporate tax base in the year in which they are allocated in accordance with the said article it should not be overlooked that the
previously allocated provisions should be closed by using the obsolete provisions account before being considered as worthless receivables and expensed.
Otherwise there will be a tax loss as the amounts subject to the provision will be recorded as expense twice. REDETERMINATION AND USE OF FOREIGN EXIT FEES By making changes in the Law No. on Foreign Departure Fee and the Law on Amendments to Various Laws the international departure fee is increased from TL to TL and in addition Giving the President the authority to reduce the amount in question to.