April 8, 2022 Wednesday
Emission premium is the income earned by the joint stock companies established in Turkiye, due to the fact that the stocks they issue during the establishment or capital increase are sold above their nominal value. In accordance with subparagraph (ç) of paragraph 1 of Article 5 of the KVK, the profits obtained from the disposal of the shares issued by joint stock companies during their establishment or when they increase their capital are exempt from corporate tax.
The gain resulting from the sale of shares above their par value is “520. It is recorded in the “Share Issue Premiums” account and is exempt from tax.
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