We sold a building that was our company’s property in 2019 (It has been our asset for more than 2 years.) We made a profit of TRY 1.000.000. We want to transfer this to our fund account by benefitting from the 50% corporate tax reduction.
Is it possible to capitalize this profit by benefitting from the reduction in 2019? Or is 2020 the earliest year to increase the capital? And are we required to get a Certified Public Accountant (CPA) report for this profit?
The profit has to be capitalized. Even if it isn’t capitalized, a CPA report has to be prepared for the corporate tax reduction.
Source: İSMMMO
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