Comptabilitat a Turquia

Accounting Rules

Tax Year

The tax year is the calendar or fiscal year, which begins on 1 January and ends on 31 December of the same year. A special accounting period can be used with permission from the Ministry of Finance.

Accounting Standards

Account certification is carried out in agreement with the Turkish Commercial Code and obtained results must be sent to the Ministry of Finance.

Public companies must comply with IFRS. Companies that satisfy certain conditions and operate in regulated industries are required to prepare both single and consolidated financial statements according to IFRS.

Accounting Regulation Bodies

BDDK
POA

Accounting Reports

The accounting structure includes the following:
- Consolidated balance sheet
- Assets
- Floating assets (liquid assets, treasury bonds, short term investments, receivables, stocks and other floating assets)
- Total floating assets
- Fixed assets
- Commercial receivables

Publication Requirements

The balance sheet and the profit and loss account must be expressed in TRY and drawn up in a clear, complete and easily understandable format on a quarterly and annual basis (annual accounting balance sheet).

Professional Accountancy Bodies

Expert Accountants Association of Turkey
TÜRMOB , Union of Chambers of Certified Public Accountants of Turkey
Public Oversight, Accounting and Auditing Standards Authority (POA)

Certification and Auditing

Companies are required to seek a statutory auditor to conduct an annual audit of the financial health of their organisation. You can contact audit companies, including Mazars Denge and PricewaterhouseCoopers.

Accounting News