Post by amina147 on Mar 9, 2024 10:13:53 GMT 2
The National Assembly of Turkey With the Proposal on Making Amendments to the Civil Servants Law Some Laws and the Decree Law No. submitted to the Grand National Assembly of Turkey on . it is envisaged to make some tax regulations among other regulations. With the Proposal on Making Amendments to the Civil Servants Law Some Laws and the Decree Law No. submitted to the Grand National Assembly of Turkey TBMM on . it is envisaged to make some tax regulations among other regulations.
Some tax regulations envisaged by the Bill are presented below in detail. Interest Deduction in Cash Capital Increase is Envisaged to be Limited to Years With the Law No. published in the Official Gazette dated Law KVK. By adding clause i to the article incentives were introduced for capital companies to Austria Phone Numbers List increase their cash capital which they can reuse every year. With the amendment envisaged to be made in the said Article of the Bill the right to benefit indefinitely in the discount regulation is limited by taking into account the accounting period in which the decision on capital increase or the articles of association was registered at the initial establishment stage and the four accounting periods following this period.
On the other hand among the discount amounts earned during this period the amounts that cannot be deducted in the relevant periods due to insufficient earnings will continue to be transferred to the following periods and can be subject to deduction after the fiveyear period has expired and no limitation is foreseen in this context. It is regulated that the said change will also be applied for accounting periods starting from for cash capital increases made during the period when there is no such time limit. Accordingly taxpayers who have made increases and benefited from the discount in previous periods.
Some tax regulations envisaged by the Bill are presented below in detail. Interest Deduction in Cash Capital Increase is Envisaged to be Limited to Years With the Law No. published in the Official Gazette dated Law KVK. By adding clause i to the article incentives were introduced for capital companies to Austria Phone Numbers List increase their cash capital which they can reuse every year. With the amendment envisaged to be made in the said Article of the Bill the right to benefit indefinitely in the discount regulation is limited by taking into account the accounting period in which the decision on capital increase or the articles of association was registered at the initial establishment stage and the four accounting periods following this period.
On the other hand among the discount amounts earned during this period the amounts that cannot be deducted in the relevant periods due to insufficient earnings will continue to be transferred to the following periods and can be subject to deduction after the fiveyear period has expired and no limitation is foreseen in this context. It is regulated that the said change will also be applied for accounting periods starting from for cash capital increases made during the period when there is no such time limit. Accordingly taxpayers who have made increases and benefited from the discount in previous periods.
