Post by amina147 on Mar 9, 2024 6:27:26 GMT
The with the Board Decision No. regarding the credit use of companies subject to independent auditing with foreign currency assets are as follows Companies other than banks and financial institutions that are subject to independent audit in accordance with the Decree Law No. and relevant regulations Company If the Turkish Lira TL equivalent of their foreign currency FX cash assets is over million TL as of the date of loan application and the FX cash assets of these Companies are prepared in accordance with the Tax Procedure Law VUK and related regulations and submitted to the tax office temporary.
If the amount exceeds percent of the total assets or the last years net sales revenue whichever is greater according to their most current financial statements including tax periods no new cash commercial loans in TL will be extended to the companies in question. Companies effective foreign currency including gold foreign currency deposits in banks assets Austria Phone Numbers List consisting of securitiesshares issued in foreign currency by domestic or foreign residents other than Eurobonds issued by the Republic of Turkey assets indexed to gold or foreign currency or following indices related to these Participation shares of exchange traded funds reverse repo transactions in foreign currency with nonresidents foreign currency assets given.
To banks in foreign currency including gold to provide TL on spot within the scope of swap transactions with banks will be included in the scope of foreign currency cash assets of companies in the implementation of this Decision carried out by companies with banks the amounts that companies lend foreign currency including gold and borrow in TL will be treated as a cash commercial loan in TL granted by the relevant bank to the company in question within the scope of the implementation of this Decision. Determination of foreign currency cash assets total assets and net sales revenue.
If the amount exceeds percent of the total assets or the last years net sales revenue whichever is greater according to their most current financial statements including tax periods no new cash commercial loans in TL will be extended to the companies in question. Companies effective foreign currency including gold foreign currency deposits in banks assets Austria Phone Numbers List consisting of securitiesshares issued in foreign currency by domestic or foreign residents other than Eurobonds issued by the Republic of Turkey assets indexed to gold or foreign currency or following indices related to these Participation shares of exchange traded funds reverse repo transactions in foreign currency with nonresidents foreign currency assets given.
To banks in foreign currency including gold to provide TL on spot within the scope of swap transactions with banks will be included in the scope of foreign currency cash assets of companies in the implementation of this Decision carried out by companies with banks the amounts that companies lend foreign currency including gold and borrow in TL will be treated as a cash commercial loan in TL granted by the relevant bank to the company in question within the scope of the implementation of this Decision. Determination of foreign currency cash assets total assets and net sales revenue.