In the event that donations and charities are not granted in cash by tax payers of Income tax, the carrying value of properties or rights granted, if not, their value determined according to Tax Procedure Law by the Valuation Commission will be taken as a basis.
In the event that donations and charities are not granted in cash by Corporate taxpayers, cost value or book value of properties and rights granted, if not, their value determined according to Tax Procedure Law by the Valuation Commission will be taken as a basis.
Source: Revenue Administration
Date: 27 January 2017
