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Uni 15-07-2014 - Guidance on CIT for majeure damages

Issue date: 15/7/2014 | 8:37:20 AM
OFFICIAL LETTER NO. 2385/TCT-CS DATED 24 JUNE 2014 OF GDT IN GUIDANCE OF CIT FOR MAJEURE DAMAGES

According to official letter No.2385/TCT-CS:

In case, enterprises carry petrol, oil on sea in collision with ships of other entities leading to damages to 2 parties, if the related authorities determine reason caused by employees,  the damages  do not belong to majeure damages. If enterprises pay additional damages besides the amounts of insurers, the additions are not included in deductible expense when CIT is determined.

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