Finansman Gider Kısıtlamasının Uygulamaya Koyulması – İngilizce Versiyonu

  Sirküler No: 2021 / 33

Tarih: 15.02.2021

The Presidential Decree No. 3490 on financial expense restriction has been promulgated in the Official Gazette dated February 4, 2021, and numbered 31385.

To be applied on earnings for the taxation period starting from 1 January 2021, in companies with foreign resources used exceeding their equity, 10% of the total of expenses and cost items like interest, commission, late charge, dividend, exchange difference and similar related to foreign resources used in the enterprise will not be considered as an expense in determining the corporate income, exclusively for the exceeding portion. Financing expenses that are capitalized to the cost of the investment are not treated within the scope of the restriction.

This implementation is not valid for credit institutions, financial institutions, financial leasing, factoring and financing companies.

Example;