Remembering Harley: Graveside memorial service honours homeless Hantsport man’s life | SaltWireISTANBUL - Turkish companies' end-2023 balance sheets will be inflation-adjusted, with adjustments expected to continue until 2026 in light of current inflation forecasts, the Treasury told Reuters.
In written answers to questions from Reuters, the Treasury said any profit or loss resulting from inflation adjustments in end-2023 balance sheets would not affect companies' 2023 tax bases but could affect them in subsequent years. In the last two years, companies have sought to protect themselves from high inflation and those which have turned to non-monetary fixed assets are expected to receive higher profits and pay correspondingly higher taxes in 2024.