Measurement rules within the context of TMS/TFRS rules and elaborating on the possibility for the convergence of those rules with the Turkish tax laws

To begin with, adoption of TAS/TFRS implementations by which is fully compliant with IFRS has come under an obligation for public companies, financial institutions and insurance companies that operate in Turkey. IFRS implementations areas for Turkish Businesses has been expended by 6102 numbered new Turkish Trade Code which was promulgated on 14.02.2011 dated Official Gazette. The reason why new Turkish Trade Code provisions has brought into question that the stock corporations should implement TAS/TFRS which is published by KGK predicated upon IFRS, the research need whether it is possible to make likely adjustments in the evaluation provisions of current Turkish Tax Code in accordance with the measurement of provisions mentioned in TAS/TFRS has arisen. This research aims to determine TAS/TFRS' alignment level with the current tax codes, how well the alignment with tax code that is planned to be promulgated in the new period has executed towards TAS/TFRS and whether it is possible to move forward the alignment level with adjustments which is planned to be made on tax code. Within this context, this study aims to respond to the question of probabilities of move forward the alignment level with adjustments which is planned to be made on tax code and evaluation provisions of current Turkish Tax Code in accordance with the measurement of provisions mentioned in TMS. There is no risk of tax loss in making adjustments on evaluation provisions in the new tax code in accordance with the measurement of provisions mentioned in TAS/TFRS which is anticipated to be promulgated after the result of the research and possible suggestions which are likely to be mentioned in tax code are listed on the condition that adopted evaluation provisions in TAS/TFRS are presented.