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Can interest number be written off as an expense?

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It is not possible for a partner in a company who is issued an invoice for interest number due to a debt to a partner company to write off the interest number as an expense. Similarly, it is not possible for the partner to deduct the VAT on the interest number invoice if he/she has a sole proprietorship.


Source: Istanbul Chamber of Certified Public Accountants
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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