LAW ABOUT

MADE 1. - dated 4.1.1961 and the 274 Clause of the 213-number Tax-Usul Code.

Article 274. -Commodities, cost-free. In terms of cost five and 10% of the cost of the Emtianine cost, the taxpayer may exercise the measure of the precedent, excluding the usul in the second line of 267 nci, instead of the cost of the cost. This provision can also be applied to the mamules of the 275-pearl clause.

MADDE 2. - The 213-number code is to be located in the United States, along with the 298 clause of the acquer.

Inflation revision and redeeming rate

Müperrer Article 298. -A) The monetary and non-monetary provisions of the financial statements are subject to inflation correction.

1. Income and corporate tax payers, whose earnings are based on balance sheet basis, are property of the increase in the price index, up to 100% in the last three account periods, including the current period, and more than 10% in the current account period. They put the table in the face of inflation. The application for inflation correction ends if both of the companies are not real together.

payers will have to regulate their financial statements and make inflation corrections as of the end of the interim tax periods. In the interim tax periods, the determinants of the above are considered for the last twelve months, instead of the last three months and the current account period, including the last month of the three-month periods. Fixes are made at interim tax periods and the current account period is at the end of a revision if any of the interim tax periods within an account period are made corrections.

said that the percentage of 100% in this item is up to 35% down or up to the legal level, and 10% to 25%. It is authorized to either drop it or take it back to the legal level.

2. In the implementation of this material;

a) Non-monetary, non-monetary, and their value in the monetary level.

b) Monetary terms have been the same as nominal deans in the Turkish lira, but the purchasing powers are in the opposite direction, depending on the price movements. (The wild coins are also considered monetary clists.),

c) Inflation correction by multiplating the amounts of non-monetary to the revision factor of the annuities. their calculation, in the amount of time, in the amount of time that the table belongs, in the receive power, in thealma

d) Fix coefficient; the price index of the current month for which the financial statements belong is divided by the price index of the month containing the date based on the revision the coefficient,

e) The average correction factor is the price index for the month that the financial statements belong to, and the price index at the end of the previous period. multiplicity of the index resulting from a split,

f) Price index (TEFE); General Index of Wholesale Efe Prices calculated for Turkey in the State Institute of Statistics, and the first of which are the following:

g) The non-Reel financing cost; any borrowing, debt amounts (including the Turkish Lirasants in the history of fixing in borrowing from foreign currency), amount calculated by the implementation of the TEFE rate from the period of time that the debt is used,

h) Sociable methods;

aa) Simple mean method, with revenue table line items and average revision factor for the period in which stocks are based on correction of inventory The cost of inflation correction by the impact of the impact,

ab) Moving average method; rolling stock and cost of goods based on end of period inventory and the cost of inflation The cost of inflation correction by multipleniving the average number of fixes (the cost of goods sold for the previous period is applied to the end of the period being applied to the end of the period being fixed. Depreciation and reel financing expenses in these calculations are taken into account without index.),

i) The average revision factor of the transaction has occurred during the end of the period of the end of the end of the period for the end of the end of the end of the corresponding period of the year. Factor in the sum of the sum of those whose expenses were divided by the sum of the time period inventory and the sum of the amounts due to the inflation correction of the expenses,

j) Do not calculate the monetary and non-monetary amounts in the financial statements and the calculation of new values at the end of the period for use

k) A factor of the move; the price index for the month that the financial statements belong to, at the end of the previous period (in the year of the year, the month of the item was started) ), the factor achieved by dividing it into the price index,

l) Inflation variance accounts; accounts for which non-monetary items differ between after and after revision, and the differences in the differences between prefixes.

m) Inflation correction account (This account is associated with inflation variance accounts), which is the result of differences due to correction of non-monetary. as a result. Differences that result from the fact that non-monetary active girls are subject to an inflation correction are saved in this account, and the differences that result in keeping the non-monetary passive money in the end of the inflation correction are saved. The balance of the inflation fixer account is closed by transferring to the revenue table.),  

n) Net monetary position; difference in monetary obligations with monetary entities,

is at work.

3. The fix action is based on the following dates:

a) for the assets that are currently trading at the cost of return, the date of purchase.

b) elements included in the cost of materials and materials, commercial goods, half-mamul, and mamul stocks, and cost of financial services and repairs. elements, and the expense of future months and years, the entities that are standing, and the elements that make these beings, the non-madmen standing, and the elements that make these beings, the special depleting entities, and the elements that make those barrels, to the stars. sarin and repair hapcats, rights and benefits; to notebooks. record date (either non-monetary advances that are provided to or received by them are corrected from the date of payment or collection to the date of the crop).

c) Advances with non-monetary depositor deposit and collateral, paid in cash, export premiums, for stock annuials; Date of collection.

d) For advances with non-monetary given depositor and guarantees; payment date.

is the date for which the property is intialized for the same as the same capital.

f) The registration date for the capital, which increases the benefits of adding backups, past year profits, and net term profit to capital.

g) For stocks of cash capital, payment date is for stocks of the same capital, and the items that are placed as capital The date is the registration date of the company's capital, which is the first to be considered for the stocks of the dividend, the date of which ownership is inestimontable.

h) For non-monetary cardinals, the due date of correction that is related to it.

4. The revision is based on the amounts identified in this Code according to the deotering provisions contained in this Law. However, the amounts are held to correct the amounts found after the cost of the goods sold and the cost of the goods that are fixed and the non-reel financing costs that have been made to the lower cost of the assets that are currently on the property. The possibility of a non-reel financing costs that have been added to the cost of fixing or costing the items that have been kept in order to correct them with the way in which they have been collected is likely to be expected.

Payers means the non-reel financing cost, total financing costs, the average commercial credit interest rate period of the TEFE period for the period They can also identify the rate determined by the split. However, the taxpayers who choose this method cannot return to the end of the third account period, including the account period, which they chose.

The term shown in documents shows no more than three months of non-reel terms, and no details are shown in the term document. The non-reactive parts of the term, which are calculated by using the interest rate applied to the Central Bank, which will take place in the process and to be subject to the reespart of the debt bonds, are subject to the provisions of this material.   

stocks that are trading in the stock market are considered to be the stock market trader on the day of the deification. No fixes are made for them.

5. In the process of fixing the taxpayers, they can apply the methods that are set up by the Ministry of Finance. However, the taxpayers who choose one of the methods are not able to return from the method they choose until the end of the third account period, including the one in which they have selected.

The inflation corrections are recorded in the variance accounts and the inflation correction account for the relevant kiytyryx.

The cost and repair of repairs and cost of repairs and cost of inflation and inflation correction to the years instead of the inflation correction account. is saved in the account. This account will be indent to the profit/loss account at the end of the job.

The amounts found as a result of correction are considered to be the beginning of the following period, regardless of whether the following period has been fixed. It is taken.

The inflation variance accounts for nonviolent items were made, unless they were transferred or moved to an account with any surpluses. In this period, tax will be held without being associated with the earnings of the periods. However, the inflation difference accounts for equity items can be added to the capital by corporate tax payers, and this business does not count for profit.

In the detection of Matrahn, the laws that are not considered legally accepted are the exceptions and are subject to the amount of time held for inflation correction of the past year.

6. The amortization and the push share are calculated over the fixed desicles.

According to the earnings account, the taxpayers and the free trade have also lost their financial value to the provisions set forth in this item. They can cost you to depreciate over their revised amounts.

7. If the inflation correction is regenerated after an account period that does not apply to inflation correction, inflation correction is due to start from the latest period. In this way, the past year's profit will not be subject to tax, but not as a result of loss of damage. However, in the detection of the matahin, they are considered to be the most important to the death of the malaths. Accumuated amortization is corrected to consider the increased number of items that they belong to after the revision in the balance sheet history of the balance sheet.

For the variance accounts for nonviolent items that are dockled from these countries, the number of second-second paragraph provision is applied to the account.

8. Finance Minister;

a), whether to use taxpayer or business groups or taxpayers ' active totals or turnover; to use methods that are in the process of inflation correction to allow, to identify items that can be applied to the community,   

b), which types of financial statements are required to correct the inflation correction; or the active totals or turnover of taxpayers or taxpayers. to determine if it will not be held or fixed during temporary tax periods,

c) (3) to determine the date that will be based on a correction for the statement that is not in the part of the following part:

d) To determine the basis and the guidelines for the detection of the average trade credit interest rate,

e) To make corrections based on foreign exchange, gold, and so on, regions, industries, groups of iaries, or non-monetary, and non-monetary. to use the specified index or index on a daily basis,

f) To identify non-monetary and non-monetary items,

g) To make a net monetary position profit/loss account,

h) To determine the basis and the essences of the inflation correction,

is the authorities.

B) The redeeming rate will be made by the State Institute of Public Health for the same period in October (including October) as a result of the redeeming rate. The average price occurring in the General Index of the Epedias is the increased rate. It is known as the Official Gazette to the Ministry of Finance.

MADDE 3. - The number 315 of the Code, 213, is to be located in the way of the following.

Article 315. -Payers push their financial value to the depreciation of the Ministry of Finance over the rates and the rates they have been given. In the determination of the ratios to be considered, the tile lives of the economists will be considered.

MADDE 4. - The second number (1) of the second number (1) of the number 315 of the Code 213 has been added and (2) is the same as the number of other people who have been sentenced.

In periods during which the inflation correction will be depreciated, the depreciation that has been previously allocated to the depreciation has been previously corrected. It is determined by the reduction of the sum of the sum of the total.

2.   The rate of depreciation to be applied in this procedure is two times the normal depreciation rate.

MADDE 5. - The temporary items that are in place of the count 213 are added.

INVALID DATE 25. -According to the provisions of the non-monetary section of the balance sheet dated 31.12.2003, the non-provision in this material shall be corrected according to the provisions of the Tax Procedural Law in the number 298 of the Tax-Usul Code.:

a) The fix is a revision factor specified by the Minister of Finance, considering the wholesale price general index calculated for the Turkish general. from the server. The fix action is implemented as of 1970. The items that were active and passive before this year are considered to be entered in 1970.

b) The assets that are contained are kept in order to correct the cost of the cost, and the assets that are on the property will be fixed at the expense of the cost.   

c) Assets, property durations, and special depleted assets, including cost or cost of inventory, and can be subject to a tevceable reel. The non-financing cost is subdued from the cost or the cost of the related asset. Should taxpayers not be able to show the cost of non-refunded financing:

1) Non-reels of the financing expenses included in the cost price of the items that are active within the last five account period; total financing costs, The amount found by applying the rates determined as a result of the period of the TEFE increased rate for the period of the corresponding period divided by the interest rate divided by the period of the corresponding period, is determined at the cost and the cost of the cost.

2) Funding expenses included in the cost price of the items that entered the active account period before the period of the prior account are not considered for the cost or the cost of the cost.

d) The consolidated amortization is corrected to consider the increased number of times that they belong in the history of the balance sheet at the end of the balance sheet.

e) In the revision of the capital items, funds such as the redeeming genius fund before 1.1.2004 are taken from equity to equity. Capital increases due to the capital's capital of these and similar funds are not considered as capital increases and will not be subject to inflation correction.

f) failed to recover from the 2003 account period, but not to the extent of the annualized loss of financial period and property damage to the property. They are considered.

g) Fixed the balance of the balance sheet dated 31.12.2003 from the dated active sum to the capital, redaction stocks, and revised stock cancellation The difference between the profits and the borrowing of the debt collection is shown in the profit/loss account. The past year's profits have not been subject to tax, and the loss of the past is not considered a loss.

The inflation variance accounts for nonviolent items were made, unless they were transferred or moved to an account with any surpluses. In this period, tax will be held without being associated with the earnings of the periods. However, the inflation difference accounts for equity items can be added to the capital by corporate tax payers, and this business does not count for profit.

h) According to the regulations of the Capital Markets Board and the Banking Regulation and Supervision Agency for the revision of the financial statements during the period of high inflation The payers, who have to correct their balance sheet dated 31.12.2003, may not rectify their balance sheet with this item.

) The cost and supply amounts for the cost and repair of repairs are lost at 31.12.2003, at the end of a revision of a loss of 31.12.2003 is not considered in the detection of the amount.

j) For the first time from the 2004 account period, taxpayers will make corrections according to the basis of this item.      

k) The balance sheet, dated 31.12.2003, the balance sheet at the end of the account period ending in 2004, the balance sheet of the account period ending in 2004. period represents the date of the account that ended in 2004, the date of 1.1.2004, and the date of the account period that was started in 2004.

NOT VALID ARTICLE 26. -May continue to be depreciated according to the current period of time in which the material is active before the current date of the effective date of the current.

MADDE 6. - The 19th Amendment of the 193-numbered Revenue Tax Code (2) and number (3) of the 193-number Revenue Tax Code (3), are the number of the number of the following.

2. If you do not apply the discount discount exception, the exception will be started until the expense of the event has been spent, and until the amount of time it has been reduced.

In the identification of tax on expenses, the tax will be ignored because of insufficient earnings. The exception was the exception of the following periods, during which period the State Institute of Public Health was considered to increase in the rate of increase in the General Index of the Toptan General Index.

3. In the periods applied to the inflation correction, the rate of sleep reduction is based on the revised pattern at the end of the account period when the exception was depreciated in the calculation of the exception.

However, the current account periods during the account period that are active in the economic part are due to the fact that the It is considered by the corrected dears at the end of the period in which they were actually. Due to the revision of the inflation in the periods of time, the benefit of the reduction of sleep over the differences caused by these expenses is not calculated.

MADE 7. - The number of 193-numbered articles (1) and (2) of the Code 193 are more than the number of other items.

1. If more than one construction and repair work is done together in the year, the general expenses for each year have been subject to the inflation correction of the expenses of these items (the amount of the inflation correction in the periods made). within the intermix of the amounts;

2. If single or multiple construction and repair work in the year is done in conjunction with those who do not enter this material, they are owned by general expenses, expenses of which are owned by those people, and the cost of the expense (inflation). the revision of the fixed amounts for the period of time that the revision is done);

MADDE 8. - The scratch clause in the 193-number Kanal is added.

NOT VALID 65. -The taxpayers who have chosen to apply the application for the exception of the temporary 61-clause exception will be granted the first interim tax return, which should be given after the date this material has been entered. They can be notified by giving notice to the tax office that they are in. The payers, who have their preferences in this way, provisions in the 19th clause for expenditures (except for expenses that have previously been used for the reduction of the reduction in preterm reduction in the scope of expenditures stipulates) from 24.4.2003.  They can benefit from the exception of the reduction in the scope of the sleep reduction. If they do not have preferences, they may not be able to take notice of the revision differences that are related to the economic benefits that benefit from the reduction of the inflation correction application, in the determination of the discount discount exceptions.

MADDE 9. - ), dated 4.1.1961 and the last of the 280th article of the Tax-Usul Code of 213, Section 319, as well as the 319th clause,

b) dated 31.12.1960 and the fourth and fifth of the 193 count of the Income Tax Code, with the fourth and fifth clause of article 38, number 1 (8) of the 1st It was me and the last of the 57 nci material,

c) dated 3.6.1949 and numbered 15 (13) of the Corporate Tax Code of 5422s,

Current remains in effect.

INVALID DATE 1. - The users who wish to declare a temporary tax period during the first interim tax period of 2004 (which will start after the 2004 account period in which they are designated for the special account period) are in the first interim tax period; the revision of the inflation revision The provisions of the Tax Procedural Law prior to the provisions of this Law and the provisions of the Tax-Law Law and the Law of 280 of the Tax-Usul Code were the last of the provisions of the Law and the Law of the Tax Procedure. They'll take into account the flux. In this case, it is stated in the statement that the revision of inflation is not under consideration. It is considered that they do not consider the provisions of the inflation correction of non-declarations or non-declarations within the period of issuing the declaration.

MADDE 10. - This is the Law;

a) on the date of number 298 (A) of the Tax Usul Code, which is deined by article 8 and article 2, (8) on the release of the receipt of the following number:

b) Digits on 1.1.2004,

enters the current process.

MADE 11. - The Council of Ministers executes the provisions of this Law.