No inflation adjustment will be made for funds such as revaluation value increase fund, which were allocated and added to the capital before 1/1/2024.
Tax Procedure Law Communiqué No. 555;
ARTICLE 15- (1) Capital increases due to the capitalization of funds such as revaluation value increase fund, which were allocated before 1/1/2024 and added to the capital, will not be taken into account as an increase during the correction of the balance sheet dated 31/12/2023 and they will not be subject to inflation adjustment.
In addition, it will be determined whether some funds included in the equity group in the balance sheet will be subject to inflation adjustment according to whether the economic assets that constitute the source of the allocation of these funds are monetary or non-monetary assets.
In this framework, capital increases arising from the addition of funds in the form of monetary assets to the capital will not be taken into account as an increase during the correction of the balance sheet dated 31/12/2023 and they will not be subject to inflation adjustment.
(2) While reaching the amount of capital subject to adjustment (which has been added to the capital); a) Law No. 213;
– Regarding the fund account established within the scope of the first paragraph of Article 280/A of Law No. 213, the amount of the receivable balance as of the end of the accounting period following the accounting period in which the work started,
– Value increases arising from the revaluation made within the scope of paragraph (Ç) of Repeated Article 298,
– Value increases arising from revaluations made within the scope of provisional 31st and provisional 32nd articles,
b) Amounts arising from monetary assets such as cash assets put into operation from the fund accounts established within the scope of Law No. 5811 dated 13/11/2008 on the Recovery of Certain Assets to the National Economy and provisional Articles 85, 90 and 93 of Law No. 193 and provisional Article 15 of Law No. 5520,
c) Amounts arising from other similar fund accounts of monetary nature are deducted.
Source: Communiqué No. 555 of the Tax Procedure Law
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