Author(s): Özgür EK?N SUCU
During the credit sales transactions, the companies have to distinguish between the maturity difference amount and the sales amount according to the international accounting standards. According to the Value Added Tax Law, the maturity difference is regarded as a situation creating added value and VAT is calculated on this amount. There is no impact on the profits of the entity as it is tax-qualified on behalf of the state in accordance with the value-added tax feature, but the entity obtains the VAT on the buyer's purchase from the buyer in exchange for this amount in advance. In the study, the effects of this situation are demonstrated with examples of applications and the difference between the term and the cash sale transactions of the enterprises and the importance of this difference with respect to the profit of sale are examined. It was seen that due to the futures sale transaction, there was a situation against the company and this situation increased further with the increase of the maturity term or the interest rate.