Turkey extends company loss calculation relief to 2028

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  Turkey’s Trade Ministry extended a temporary accounting measure for companies assessing capital loss and over-indebtedness under Article 376 of the Turkish Commercial Code.

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  A communiqué published in the Official Gazette on 10 October 2026 moved the measure’s expiry date from 1 January 2027 to 1 January 2028.

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  Companies may exclude specified foreign-exchange losses on outstanding foreign-currency liabilities from those assessments, subject to the rules’ conditions.

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  The measure also allows half of certain rental, depreciation and personnel expenses accrued in 2020 and 2021 to be excluded from the calculations.

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  The excluded amounts are not erased from financial statements, and companies’ debts and repayment obligations remain in place.

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  The extension does not remove companies’ obligations under Article 376, including steps required when losses reach specified levels or over-indebtedness is suspected.

Who

Turkey’s Trade Ministry and companies subject to Article 376 of the Turkish Commercial Code.

What

A temporary measure allowing specified losses and expenses to be excluded from capital-loss and over-indebtedness calculations was extended.

When

The amendment took effect on 10 October 2026, extending the measure to 1 January 2028.

Where

Turkey.

Why

To continue allowing eligible companies to make these calculations without including specified foreign-exchange losses and certain expenses.

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