Ministry of Trade Extends Duration of Foreign Exchange Difference Loss Regulation for Companies
A new schedule has been set for the temporary practice that will ease financial calculations for companies with foreign currency debt and the risk of capital loss.
The Ministry of Trade has extended the duration of the temporary practice that allows companies with foreign currency debt and the risk of capital loss or technical insolvency to exclude certain foreign exchange difference losses from their calculations.
Duration Extended Until 2028
With the new regulation enacted by the Ministry of Trade, the duration of the temporary practice aimed at protecting the financial structure of companies has been extended until January 1, 2028.
Facilitation Provided in Calculations
Thanks to this implemented practice, firms facing the risk of capital loss due to foreign currency debts can exclude designated foreign exchange difference losses and certain expenses from their calculations.