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Showing results for tags 'liquidation'.
Hi everyone, I wanted to close my company. But my accountant told me that I will pay 100000 TL income tax because of the liquidation profit! They will write the outstanding payable/debt as an income, which will cause more income tax. My company was almost bankrupt and unable to pay anything. Is that reasonable to account the debt as an income? Is there any cheaper way to close the company? Any help or feedback will be appreciated. Thanks. Wanda