Home Tax How can the reduced tax rate benefit be applied in the event...

How can the reduced tax rate benefit be applied in the event of a transfer of the investment before it becomes operational or after it has partially or fully commenced operations?

10
0

In the event that the investment is transferred before it becomes operational, the transferee company will be able to benefit from the reduced tax rate, provided that it fully complies with the conditions specified in the relevant legislation. However, the transferor company cannot benefit from the reduced tax rate due to this investment if the transfer occurs before the investment becomes operational.

If the investment is transferred after it has partially or fully commenced operations, the reduced tax rate can be applied by the transferor up to the date of the transfer, and by the transferee after the date of the transfer, provided that they meet the conditions specified in the relevant legislation.

 

 

 

 

 


Source: GİB
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 articleActions to be taken on tax returns by taxpayers subject to inflation adjustment of balance sheets in the second quarter of 2024 in Turkey
Next articleHow is the completion date determined for long-term construction and repair projects in Turkey?

LEAVE A REPLY

Please enter your comment!
Please enter your name here