Financial institutions will also be included
Mar 9, 2024 6:27:30 GMT
Post by amina147 on Mar 9, 2024 6:27:30 GMT
The companies subject to independent audit except banks and financial institutions will be made on the basis of the financial statements in the provisional tax declarations prepared in accordance with the TPL and related regulations and submitted to the tax office. In the evaluation of companies that are obliged to prepare consolidated financial statements the most uptodate consolidated financial statements audited by independent audit firms will be taken into account. In the evaluation where consolidated financial statements are taken into account the companys foreign subsidiaries and affiliates will not be included.
In the calculation of the total foreign currency cash assets of the companies subject to consolidation the foreign currency cash assets of these companies domestic subsidiaries and affiliates subject to consolidation other than banks and in the calculation. In this context if it is determined that a company parent partnership is not Austria Phone Numbers List eligible for TL loan disbursement within the scope of this Decision based on its consolidated financial statements the credit limitation within the scope of this Decision will be applied only for the parent company. The status of the parent companys other subsidiaries and affiliates subject to consolidation will be discussed separately for each partnership and affiliate.
Although a company that has applied for a loan declares and undertakes that it is not subject to independent audit or that it is exempt from the scope of this Decision despite being subject to independent audit in case of hesitation on this issue on the part of the relevant bank the banks will decide that the relevant company is not subject to independent audit or that it is not subject to independent audit starting from the date of loan disbursement. Even if it is subject to audit the loan can be extended based on the declaration of the applicant company by giving them month to certify that the audit obligation will begin.
In the calculation of the total foreign currency cash assets of the companies subject to consolidation the foreign currency cash assets of these companies domestic subsidiaries and affiliates subject to consolidation other than banks and in the calculation. In this context if it is determined that a company parent partnership is not Austria Phone Numbers List eligible for TL loan disbursement within the scope of this Decision based on its consolidated financial statements the credit limitation within the scope of this Decision will be applied only for the parent company. The status of the parent companys other subsidiaries and affiliates subject to consolidation will be discussed separately for each partnership and affiliate.
Although a company that has applied for a loan declares and undertakes that it is not subject to independent audit or that it is exempt from the scope of this Decision despite being subject to independent audit in case of hesitation on this issue on the part of the relevant bank the banks will decide that the relevant company is not subject to independent audit or that it is not subject to independent audit starting from the date of loan disbursement. Even if it is subject to audit the loan can be extended based on the declaration of the applicant company by giving them month to certify that the audit obligation will begin.
