Taxation and accounting practices of the year to contagious construction and repair works

Accounting to System in General Communique matching principle is defined as "of life adopted in accordance with the concept of unlimited business continuity, to determine the division of certain periods and results of operations of each period independently of the other period. The recognition of income and expenses on an accrual basis; revenues, cost of revenues and expenses compared with the same period of the profit and loss...." Moreover, the Turkish Commercial Code as well as the Tax Procedural Law in parallel to the concept of periodicity and has made arrangements to be considered a necessity for a certain period of operation. TPL's 174th item in the accounting period of the statutory books will be kept as would normally be the calendar year and the fiscal year, but the 12 'are as evil can be defined in a special account of the monthly period. In parallel, the Corporate Tax Law that would constitute the subject of the same way as the Income Tax Law Article 1 of the profits earned in a calendar year of real persons and annuity income tax will be determined as earnings periods in Article 6. Although the rules of the accounting period, Income Tax Law's 42, 43, and Article 44 of the commercial nature of the present year earnings on uncompleted construction contracts and repair work arranged in annual period and is therefore the deviation from the matching principle. Therefore the Income Tax Act 42, in accordance with Article 6 of the Law on Corporate Income Tax and regulated in Article 43 and 44th, the corporation a special taxation regime also applies to taxpayers is provided.