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

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The Valuation Procedure

Tax Bulletins
The valuation procedure applicable for the taxpayers consistently dealing with commodity demolition is below.

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.
YMM.Net
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