With the Serial No. 559 General Communique on Tax Procedure Law published in the Official Gazette dated February 2, 2024, the exchange rates that should be taken into account in the valuation of foreign currencies that are not in the stock market and the receivables and payables with and without promissory notes in these currencies as of 31 December 2023 were announced.
Three of the most frequently used valuation rates are presented below and all of them in the table attached to our circular.
Foreign exchange rate (TRY)
Effective exchange rate (TRY)
1 USD (US Dollar)
29,4382
29,4176
1 EUR (Euro)
32,5739
32,5511
1 British Pound
37,4417
37,4155
Banks, on the other hand, are required to use the buying rates determined and actually applied in accordance with the principles determined by the Central Bank of Türkiye, in their valuation transactions in terms of tax applications.
Our explanations provided above include general information on the issue. No responsibility can be claimed against EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. due to the implications arising from the context of this document or emerging with respect to its context.
This website uses cookies in order to ensure functionality and develop your online experience. You consent to using of cookies as included under EY Cookie Policy and Clarification Text through using this website.
Print 
Download File 
Go to Top 
