Tapsi reached an agreement with the Tax Administration to collect VAT from customers. The company will be subject to VAT in the coming years. Since the company’s tax credit in 2024 was about 3% of Tapsi’s cost price, this credit is expected to increase the company’s profits in the coming years.
According to Ideaagency, Tapsi has not collected any VAT in previous years, according to a letter published by the company on the Codal system, the refund of this tax will be made in stages and with a delay (the main part at the end of the settlement period). Also, according to the agreement, all fines related to Tapsi from 2021 to 2024 will be forgiven.
The text of this letter states that since the VAT has not been collected in previous years, they have agreed that the tax collected from the beginning of 2025 will be settled in a way that compensates for the effect of the tax from the periods 2021 to 2024.
Given that the company is subject to VAT in future years, the recognized tax credit will lead to a decrease in the cost price and an increase in the company’s gross and operating profit margins. In 2024, the company’s VAT credit is about 3% of the company’s cost price, so recognizing this credit will have a positive effect on the company’s operating profit margin and increase the company’s profits in future years.
The implementation process of the agreement has begun, and in the first step, the final tax for the years 2021 and 2022 has been notified to this company. Currently, the implementation processes related to the forgiveness of penalties and 36-month installments for the two periods 2021 and 2022 are underway, and subsequently, a similar process will be carried out for the periods 2023 and 2024 within the framework and format of the aforementioned agreement.
According to the announcement published by Tapsi on the Codal system on May 18, 2025, the trading symbol of this company will be suspended for a maximum of 2 business days due to ambiguities in important information published by the publisher.
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