At the end of the liquidation, the income statement and balance sheet showing the liquidation profit or loss will be given in the balance sheet and income statement attached to the corporate tax return to be submitted to the tax office.
The financial statements will show the financial status before the final closing item is made.
After the final closing record is made at the end of the liquidation, an ASSET and PASSIVE NO notification will be given to the trade registry office.
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Explanations in the General Application Communiqué of the Corporate Tax Law regarding the entry into liquidation and the liquidation process;
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17. Liquidation
17.1. Liquidation period
For whatever reason, the liquidation period will be valid instead of the accounting period in the taxation of institutions that enter into liquidation.
Liquidation begins on the date on which the general assembly decision regarding the institution entering into liquidation is registered and ends on the date on which the liquidation decision is registered.
The period from the start date to the end of the same calendar year and for each calendar year after this period and the period in which the liquidation ends, the period from the beginning of the relevant calendar year to the end date of the liquidation is considered an independent liquidation period.
If the liquidation ends within the same calendar year, the liquidation period will start on the date the institution enters liquidation and will continue until the date the liquidation ends.
Example 1:
If the liquidation is concluded within the same year:
Date the institution entered into liquidation: 18/1/2006
End date of liquidation: 12/12/2006
Liquidation period: 18/1/2006-12/12/2006
Example 2:
If the liquidation continues for more than one year:
Date the institution entered into liquidation: 15/4/2006
End date of liquidation: 4/6/2008
I.Liquidation period: 15/4/2006-31/12/2006
II.Liquidation period: 1/1/2007-31/12/2007
III. Liquidation period: 1/1/2008-4/6/2008
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