Will the 648 Inflation Adjustment Profit formed while preparing the 2024/2nd period provisional tax return be added to the tax base in the tax return?
Yes, it will be added.
The profit and loss resulting from the 2024/2nd period inflation adjustment will be taken into account in determining the provisional tax tax base. The non-tax inflation adjustment was made at the end of 2023. As of 2024, the taxed inflation adjustment was introduced.
The profit formed from the inflation adjustment made on 31.12.2023 was not included in the corporate tax base and the loss was not accepted as a deduction in determining the tax base. The loss formed from the inflation adjustment at the end of 2023 will not be subject to deduction from the tax base formed in 2024 and the following years. The financial loss before the inflation adjustment at the end of 2023 can be deducted from the tax base of 2024 and the following years with its recorded value as before.
In summary, the profit or loss arising from the correction of the balance sheet dated 31/12/2023 will not be taken into account in determining the taxable income in 2024.
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