Eldorado Gold Reports Tax Impacts In Turkiye For Q1 2024 Related To Weakening Turkish Lira
Author: Benzinga Newsdesk | April 09, 2024 05:09pm
For the first quarter, the Company expects the Turkish current income tax expense on mining profits, at an enacted rate of 25%, to be further decreased by $9 to $12 million. The estimated decrease is primarily attributable to investment tax credits relating to Kisladag and Efemcukuru, and the effects of inflation accounting, partly offset by taxable unrealized foreign exchange gains due to the weakening of the Lira, against the US dollar, in the quarter.
Posted In: EGO