Post by amina147 on Mar 9, 2024 6:54:48 GMT
The to the proposal text and the said Bill was published in the Official Gazette dated . with Law number . In the following sections of this Guide we provide explanations about the details of the financial regulations in Law No. . Interest Deduction for Cash Capital Increase is Limited to Years With the Law No. published in the Official Gazette dated . Article of the Corporate Tax Law KVK. By adding clause i to the article incentives were introduced for capital companies to increase their cash capital which they can reuse every year.
This time with the amendment made in Law No. and Article of the KVK the right to benefit indefinitely in the discount regulation has been limited by taking into account the accounting period in which the decision on capital increase or the articles of association was registered at the initial establishment stage and the four accounting periods following Austria Phone Numbers List this period. On the other hand among the discount amounts earned during this period the amounts that cannot be deducted in the relevant periods due to insufficient earnings will continue to be transferred to the following periods and can be subject to deduction after the fiveyear period has expired and there is no limitation in this context.
The said change will also be applied for accounting periods starting from for cash capital increases made during the period when there is no such time limit. Accordingly taxpayers who have made increases and benefited from the discount in previous periods will be able to benefit from the discount for more accounting periods including the period regardless of the number of periods in the previous periods. The regulation in question entered into force on . when the Law was published in the Official Gazette. The Effective Period of the Corporate Tax Rate Change Made by Law No.
This time with the amendment made in Law No. and Article of the KVK the right to benefit indefinitely in the discount regulation has been limited by taking into account the accounting period in which the decision on capital increase or the articles of association was registered at the initial establishment stage and the four accounting periods following Austria Phone Numbers List this period. On the other hand among the discount amounts earned during this period the amounts that cannot be deducted in the relevant periods due to insufficient earnings will continue to be transferred to the following periods and can be subject to deduction after the fiveyear period has expired and there is no limitation in this context.
The said change will also be applied for accounting periods starting from for cash capital increases made during the period when there is no such time limit. Accordingly taxpayers who have made increases and benefited from the discount in previous periods will be able to benefit from the discount for more accounting periods including the period regardless of the number of periods in the previous periods. The regulation in question entered into force on . when the Law was published in the Official Gazette. The Effective Period of the Corporate Tax Rate Change Made by Law No.