Home News Will the inflation adjustment differences at the end of 2023 be taken...

Will the inflation adjustment differences at the end of 2023 be taken into account in the sale of fixed assets?

3
0

Will we consider the difference in E.D. as cost when selling fixed assets subject to inflation adjustment (E.D.) at the end of 2023 in 2024? Does the fact that the total gross sales at the end of 2023 are below 50 million TL have an effect on this transaction?

If fixed assets subject to inflation adjustment at the end of 2023 are sold in 2024 or in the following years, the differences arising from the inflation adjustment will be taken into account in determining the profit margin of the fixed asset.

The limit of 50 million TL is related to whether or not inflation adjustment will be made in the provisional tax periods of 2024. The two are different issues.



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.


Previous articleWill services provided abroad by tour companies to Turkish tourists be subject to VAT?
Next articleWhat is the amortization rate of patents, formulas, designs, sample molds, technical information (know-how), formats, copyrights and similar items, licenses, usage rights, etc. in Türkiye?

LEAVE A REPLY

Please enter your comment!
Please enter your name here