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ARTICLE · 15 JANUARY 2024

Recent Developments In Turkish Capital Markets - December 2023

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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The Capital Markets Board of Türkiye ("CMB") published an important announcement regarding the implementation of inflation accounting...

TurkeyFinance and Banking
Dila Topuz
Dila Topuz
Berke Yalçın
Berke Yalçın
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Announcement of Transition to IAS 29 Inflation Accounting System

The Capital Markets Board of Türkiye ("CMB") published an important announcement regarding the implementation of inflation accounting in its bulletin dated 28.12.2023. The announcement indicated that the IAS 29 inflation accounting system would be applied in the preparation of annual financial reports for the accounting periods ending on 31 December 2023.

You can access the summary containing the details related to this announcement from here.

Monetary Amounts to be Applied in 2024

With the bulletin dated 29.12.2023 published by the CMB, the current amounts of the monetary amounts subject to revaluation rate in the Capital Markets Law No. 6362 ("Law") and in the regulations or communiqués to be applied for the year 2024 were announced.

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