ARTICLE · 10 JULY 2024

May 2024 Financial Agenda

BDO TURKIYE (DENET YEMINLI MALI MUSAVIRLIK A.S.)

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May was a very busy month due to the preparation and submission of both the 1st Provisional Income Tax Return for 2024 and the Corporate Income Tax Return for 2023 due to the extension.

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May was a very busy month due to the preparation and submission of both the 1st Provisional Income Tax Return for 2024 and the Corporate Income Tax Return for 2023 due to the extension.

Although it has no effect on the 2023 corporate income tax base, the 2023 year-end balance sheet was also prepared subject to inflation adjustment within the scope of TPL. In accordance with the regulation made by the Ministry of Treasury and Finance, although the conditions for inflation adjustment were met in the 1st provisional income tax period of 2024, taxpayers were not subjected to inflation adjustment. On the other hand, unless otherwise regulated by the Ministry of Treasury and Finance, inflation adjustment will be applied in the 2nd and 3rd provisional income tax periods of 2024 within the scope of TPL.

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