The tax exemption regulation prepared for companies that open currency-protected TL deposit accounts was accepted in the General Assembly of the Turkish Grand National Assembly and became a law. According to the law, companies that convert dollars or gold into TL will not be taxed on the interest and participation shares they earn.
In one of our content that we shared with you in the past days, with companies relating to from a new arrangement we talked about. The regulation, which was discussed and accepted in the Plan and Budget Committee of the Grand National Assembly of Turkey, made foreign currency-protected TL deposit accounts tax-exempt. Now, there has been a new development on the subject. Arrangement, It was adopted and enacted in the General Assembly of the Turkish Grand National Assembly..
The enacted regulation provides for those who deposit money into currency-protected TL deposit accounts and institutions tax pay covers companies in the state. With the study, such companies will not pay taxes on the interest or participation share they will obtain at the end of maturity. Tax exemption valid for at least 3 months maturity, will be valid for the last 3 months of the accident. On the other hand, this application will also apply to the provisional tax.
It will also be valid for gold accounts.
The regulation, which was adopted and enacted in the General Assembly of the Turkish Grand National Assembly, does not apply only to companies that make dollar conversions. with other currencies transforming from gold Companies with currency-protected TL deposit accounts will also be able to benefit from tax exemption. If companies make a loss as a result of their investment, this loss is incurred by the institution. in taxation will be effective.
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Published in the Official Gazette: Companies and Institutions Will Also Be able to Open Currency Protected TL Accounts
There is one thing that should be noted in the regulation. So much so that the money in the TL deposit account before due If they want to withdraw, they will face a huge tax burden. In this context; Taxes, penalties and delay interest not accrued on time due to exempted amounts will have to be paid. The regulation adopted in the General Assembly of the Turkish Grand National Assembly, With its publication in the Official Gazette will come into effect.
Source :
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