How will companies that increase their tax base within the scope of Law No. 7143 and 6736 use losses of the previous period?
50% of the previous period’s losses were used regarding the tax base increase made with Law No. 6736. However, the tax base has been increased again with Law No. 7143 due to the fact that the losses of the previous period are transferred and continue. In this case, will we continue by deducting 50% of the previous period’s loss?
It is not deducted from loss twice. 50% loss which cannot be deducted, remains on the balance sheet.
Source: İSMMMO
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