Since the taxpayers who are listed within the scope of subparagraph (9) of paragraph (A) of Article 298 of Law No. 213 and who are exclusively engaged in the continuous purchase, sale and production of processed gold and silver are required to make inflation adjustments (as of the end of each provisional tax period) regardless of the conditions set forth in subparagraph (1) of the said paragraph, these taxpayers will continue to make inflation adjustments, including the second and third provisional tax periods of the 2024 accounting period, even if the total gross sales in the income statement dated 31/12/2023 is below TL 50,000,000.
Source: Communiqué No. 555 of the Tax Procedure Law
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