Post by amina147 on Mar 7, 2024 11:04:13 GMT
The of the accounting period when the economic asset is taken into inventory and the expenses related to the loans in question Taxpayers are free to import interest expenses and other parts of exchange rate differences into the cost or show them among general expenses. Accordingly we consider that it is not equitable to subject these costs to financing expense restrictions considering that interest expenses and exchange rate difference expenses which should be monitored in the cost of the commodity are qualified as costs in accordance with the Tax Procedure Law and that these costs are also financing expenses. There is no published ruling revealing the administrations perspective.
On this issue and we consider that it would be appropriate for the Administration to make an explanationdetermination regarding the status of these expenses which must be transferred to the cost that is Austria Phone Numbers List considered open to interpretation within the scope of the financial expense limitation against the financing expense limitation. Situation of Exchange Differences visvis VAT within the Scope of Goods Supply VAT on the exchange rate difference arising from the delivery of goods or services arises if the price for the delivery or service is determined in foreign currency or indexed to foreign currency and the paymentcollection is made after the date of delivery or service.
Exchange rate differences may occur if the exchange rate on the date of delivery or service is different from the exchange rate on the date of payment. There was no clear provision in the Value Added Tax Law stating that exchange rate differences were subject to VAT. This situation caused hesitation as to whether exchange rate differences were subject to VAT. The regulation which was previously made by Communiqu and was subject to cancellation by the Council of State was clarified with the Law No. on Amendments to Tax Laws and Certain Laws and Decree Laws in the Official Gazette.
On this issue and we consider that it would be appropriate for the Administration to make an explanationdetermination regarding the status of these expenses which must be transferred to the cost that is Austria Phone Numbers List considered open to interpretation within the scope of the financial expense limitation against the financing expense limitation. Situation of Exchange Differences visvis VAT within the Scope of Goods Supply VAT on the exchange rate difference arising from the delivery of goods or services arises if the price for the delivery or service is determined in foreign currency or indexed to foreign currency and the paymentcollection is made after the date of delivery or service.
Exchange rate differences may occur if the exchange rate on the date of delivery or service is different from the exchange rate on the date of payment. There was no clear provision in the Value Added Tax Law stating that exchange rate differences were subject to VAT. This situation caused hesitation as to whether exchange rate differences were subject to VAT. The regulation which was previously made by Communiqu and was subject to cancellation by the Council of State was clarified with the Law No. on Amendments to Tax Laws and Certain Laws and Decree Laws in the Official Gazette.