Investigation of accounting and taxation of renewable energy resources transactions: An application

Electricity consumption is steadily increasing with the impact of technological development and industrialisation. Renewable energy sources are considered the strongest alternative to fossil fuels. Turkey is a country with high potential for renewable energy sources. The Renewable Energy Law was created to increase investment in renewable energy in Turkey. Investors have been offered a lot of comfort with incentives under Laws 5346, 2644 and 5627. Tax exemptions and tax reductions also make the sector attractive. In the context of accounting for renewable energy transactions, the accounting is similar in all business sectors, except for some sectoral differences. However, there are some specific situations that should be taken into account when accounting for the organisation transactions. This study provides information on renewable energy sources, mentions the aspects that need to be taken into account when preparing the accounting organisation and accounting records of companies in the renewable energy sector and explains the incentives for the sector. At the Batman Biogas Power Plant, an application was made on this subject and the investment and production costs were determined. Within the framework of the data obtained through the calculation of income and expenses, the plant was audited in terms of accounting and taxation.