Can companies make netting between different current accounts related to sales and purchases abroad? (In Turkey)
Our company imports from company X. Meanwhile, they will export to company Y, which is the partners of company X. The company X wants to make virement debt of company Y to its own receivables. Can we make this virement?
In this case, we do not bring the export price, but our external debt is reduced. In which authorities and how should we make transactions for this issue?
Companies are legal entities. The same or separate partners do not allow for offsetting.
Export and import costs are made through banks.
Source: İSMMMO
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