Period for Determining Capital Loss and Insolvency Extended
With the regulation enacted to protect companies' capital structures, the scope of expense and loss items that will not be taken into account in calculations has also been determined.
According to the statement made by the Ministry of Trade, the application period regarding the determination of companies' capital loss or insolvency situations has been extended until January 1, 2028.
Decision Published in the Official Gazette
With the Communiqué amendment published in the Official Gazette dated October 10 and numbered 33396, the duration of the practices within the scope of the relevant article of the Turkish Commercial Code was reorganized.
Items Excluded from Calculations
Within the scope of the regulation, all foreign exchange loss items arising from unperformed foreign currency denominated liabilities will not be taken into account in the calculations.
Additionally, half of the total expenses, depreciation, and personnel expenses stemming from rentals accrued in 2020 and 2021 will also be exempted from these calculations.
Financial Contribution Provided to Businesses
With this regulation, the continuation of the practice aimed at limiting the effect of certain expense and loss items in evaluations regarding the capital structures of companies is ensured.
In this way, it is aimed to contribute to businesses managing their financial situations more comfortably and maintaining their activities in a sustainable structure.