Abstract:

According to the amendment made in the temporary article 31 of the Tax Procedure Law numbered 213 (TPL) with the 11th article of the Law numbered 7326 on Restructuring of Certain Receivables and Making Amendments on Certain Laws, which was published in the Official Gazette dated 9 June 2021 and numbered 31506 and the amendment made in the article 298 and temporary article 32 added to TPL with the 31th and 52nd articles of the Law numbered 7338 on Making Amendments on Tax Procedure Law and Certain Laws which was published in the Official Gazette dated 26 October 2021 and numbered 31640, taxpayers are provided with the opportunity to revaluate their immovable properties and economic assets subject to depreciation. In this study, the effects of the relevant regulations on the financial statement preparation process of companies preparing financial statements in accordance with Turkish Financial Reporting Standards (TFRS) were examined.

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