SAP Knowledge Base Article - Preview

3378302 - Hyperinflation Accounting and IFRS/IAS29 solution for Turkey

Symptom

In the Official Gazette, numbered 31734 and published on January 29 2022, it was announced that "taxpayers should not subject their financial statements to inflation correction, regardless of whether the conditions have occurred, until the end of the 2023 accounting period".
By the end of 2023 calendar year, financial statements for 2023 accounting period should be subject to inflation adjustment.  


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Environment

  • SAP S/4HANA
  • SAP ERP

Product

SAP ERP all versions ; SAP S/4HANA all versions

Keywords

Türkiye Hyperinflation Accounting,Türkiye Hyperinflation, Turkey Hyperinflation, Turkey INF, Türkiye INF, IFRS, IAS29, INMA, Official Gazette-31734, Tax Procedure Law number 7352 , KBA , FI-LOC-FI-TR , Turkey , XX-CSC-TR-FI , use FI-LOC-FI-TR , XX-CSC-TR , Turkey , How To

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