Taxpayers Can Benefit From Revaluation Institution

Certified Public Accountant Emre Özerçen said that businesses can benefit from the revaluation system in order to protect their depreciable economic assets and immovables against inflation at the end of 2022 and bring them to their equivalent values.

Stating that the inflation adjustment will not be applied in the end of 2022 and the provisional tax periods of 2023, Özerçen stated that it can be applied to the financial statements dated 31.12.2023. He stated that he could benefit from the revaluation facility.

Özerçen said, “Businesses in this situation can first make a one-time revaluation within the scope of TPL temporary 32, and then revaluate continuously for the current period within the scope of TPL reiterated article 298-Ç”.

Emphasizing that two valuation institutions can be used together and that they are actually complementary arrangements, Emre Özerçen said, “The valuations made within the scope of TPL temporary 32 have a tax cost of 2% on the net value increase for businesses. In addition, businesses can value their vacant lands and lands using this method. The current period revaluation, on the other hand, does not have any cost to the businesses. The valuation within the scope of TPL temporary article 32 will be made according to the index. The revaluation rate, which will be taken as a basis in the current period valuation, will be 122,93 percent.

Referring to the advantages of revaluation, Özerçen continued as follows: “After revaluation, cost calculations will be made by taking into account the adjusted final values ​​of the economic values ​​and depreciation of the enterprises. These values ​​can provide significant tax advantages for businesses, and thanks to the increase in value, the equity of the business will also be strengthened. While making decisions, we think that both business partners, financial managers and consultants should come together and decide in line with their own story. However, due to the significant tax advantage it provides, we recommend businesses to make a one-time revaluation within the scope of the TPL temporary article 32 and then benefit from the current period revaluation.”