Post by amina147 on Mar 8, 2024 23:03:26 GMT -6
If the account holder requests it is converted into Turkish lira using the conversion rate. Conversion of foreign currency deposit accounts and participation funds into Turkish lira time deposit or participation accounts ARTICLE Foreign currency deposit account balances in US dollars Euros and British pounds and foreign currency participation fund account balances of domestic real persons resident in banks and domestic resident legal persons in banks at any time between . and . If the account holder requests it is converted into Turkish lira using the conversion rate.
The tax equivalent of the above support in other words tax incentives related to the regulation is included in the Provisional Article added to the Corporate Tax Law KVK by Law No. published in the Official Austria Phone Numbers List Gazette dated . . Our Guide No. dated . regarding Law No. The mentioned article is as follows 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 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 endofperiod valuation of the said accounts are exempt from corporate tax to apply the exemption also for foreign currencies included in the balance sheets dated andor . The President used his authority regarding the abovementioned time extension for the balance sheets dated . and with the Presidential Decree No. published in the Official Gazette dated . it was decided that the said exception would also be applied to the foreign currencies.
The tax equivalent of the above support in other words tax incentives related to the regulation is included in the Provisional Article added to the Corporate Tax Law KVK by Law No. published in the Official Austria Phone Numbers List Gazette dated . . Our Guide No. dated . regarding Law No. The mentioned article is as follows 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 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 endofperiod valuation of the said accounts are exempt from corporate tax to apply the exemption also for foreign currencies included in the balance sheets dated andor . The President used his authority regarding the abovementioned time extension for the balance sheets dated . and with the Presidential Decree No. published in the Official Gazette dated . it was decided that the said exception would also be applied to the foreign currencies.