The Valuation Procedure - Tax Bulletins - Tek Auditing and Sworn-in CPA Ltd.

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The Valuation Procedure

Tek Auditing and Sworn-in CPA Ltd.
Published by in Tax ·
Tags: ValuationProcedure
The taxpayers that are consistently dealing with commodity demolition resulting from deterioration, decay or expiration of best before date, will be able to make valuation in line with the method and demolition rate to be determined by the Ministry of Finance without a requirement for assessment commission decision.

In case the applications of taxpayers resorting to the Ministry of Finance to benefit from this implementation are considered appropriate, imputed price of the commodity would be considered as 0 (zero) provided that it should not exceed the rate determined by the Ministry of Finance.

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