Tax Incentive for Companies’ Currency Protected TL Accounts

A new decision has been taken regarding institutions and companies that deposit money into currency-protected TL deposit accounts. According to the decision, no taxation will be made from the earnings in the last 3 months of the maturity. Here are the details of the proposal that was discussed and accepted in the Plan and Budget Committee of the Grand National Assembly of Turkey.

There has been an important development regarding the exchange-protected TL deposit accounts, which have been on the agenda for a while. A report brought to the Plan and Budget Committee of the Turkish Grand National Assembly. law offer A new decision has been made regarding the institutions. According to this decision, institutions that were decided to open a foreign currency-protected TL deposit account a while ago, will be entitled to profit from the profit and interest they have earned in accordance with the law proposal. they will not be taxed.

In case the companies switch to currency protected TL deposit accounts with the draft law, the maturity date for the last 3 months no tax will be levied. In this way, companies will not have to pay a part of their profits as taxes. It seems that the government, after citizens, companies also for TL deposit accounts. will try to encourage

It will also apply to gold accounts

Grand National Assembly of Turkey Planning and Budget CommitteeThe proposal, which was discussed and accepted in ., does not only cover currencies such as euro, dollar or sterling. The bill can be included in which both citizens and companies can be involved. for gold-protected TL deposit accounts will also apply.

RELATED NEWS

Published in the Official Gazette: Companies and Institutions Will Also Be able to Open Currency Protected TL Accounts

By the way; There is one thing to note about the regulation. According to the accepted offer If you want to withdraw before the due datePenalties and taxes that are not accrued on time of the tax exempt amount will be collected by applying default interest.


source site-35