{"id":12197,"date":"2026-06-08T11:07:09","date_gmt":"2026-06-08T08:07:09","guid":{"rendered":"https:\/\/mukellef.co\/blog\/?p=12197"},"modified":"2026-06-08T11:08:45","modified_gmt":"2026-06-08T08:08:45","slug":"sermaye-azaltimi-nedir","status":"publish","type":"post","link":"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/","title":{"rendered":"Sermaye Azalt\u0131m\u0131 Nedir? Neden ve Nas\u0131l Yap\u0131l\u0131r?"},"content":{"rendered":"\n<p>Sermaye azalt\u0131m\u0131 \u015firketlerin mali yap\u0131s\u0131n\u0131 dengelemek ve sermaye yap\u0131s\u0131n\u0131 mevcut duruma uyarlamak amac\u0131yla ba\u015fvurulan \u00f6nemli bir i\u015flemdir. Sermaye azalt\u0131m\u0131n\u0131n hukuki dayana\u011f\u0131, vergisel sonu\u00e7lar\u0131 ve muhasebe kay\u0131tlar\u0131na etkisi bu s\u00fcre\u00e7te dikkatle ele al\u0131nmas\u0131 gereken ba\u015fl\u0131ca konular aras\u0131nda yer al\u0131r. Sermaye azalt\u0131m\u0131 yap\u0131l\u0131rken hangi nedenlerle bu yola gidilebilece\u011fini, hangi y\u00f6ntemlerin uygulanabilece\u011fini ve uygulamada s\u0131k kar\u015f\u0131la\u015f\u0131lan hatalar\u0131 bilmek, s\u00fcrecin mevzuata uygun ve sorunsuz ilerlemesine katk\u0131 sa\u011flar. Kapsaml\u0131 yaz\u0131m\u0131zdan sermaye azalt\u0131m\u0131 hakk\u0131nda detayl\u0131 bilgi edinebilir, s\u00fcrecin t\u00fcm a\u015famalar\u0131n\u0131 ayr\u0131nt\u0131l\u0131 \u00f6\u011frenebilirsiniz.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">\u0130\u00e7indekiler<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u0130\u00e7indekiler Tablosunu A\u00e7\/Kapat\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Ne_Demek\" >Sermaye Azalt\u0131m\u0131 Ne Demek?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Turleri\" >Sermaye Azalt\u0131m\u0131 T\u00fcrleri<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermayenin_Bir_Kisminin_Pay_Sahiplerine_Iadesi_Amaciyla_Yapilan_Azaltma_Kurucu_Azaltma\" >Sermayenin Bir K\u0131sm\u0131n\u0131n Pay Sahiplerine \u0130adesi Amac\u0131yla Yap\u0131lan Azaltma (Kurucu Azaltma)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Bilanco_Zararinin_Kapatilmasi_Amaciyla_Yapilan_Azaltma_Aciklayici_Azaltma\" >Bilan\u00e7o Zarar\u0131n\u0131n Kapat\u0131lmas\u0131 Amac\u0131yla Yap\u0131lan Azaltma (A\u00e7\u0131klay\u0131c\u0131 Azaltma)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermayenin_Azaltilmasiyla_Artirilmasinin_Ayni_Anda_Yapilmasi\" >Sermayenin Azalt\u0131lmas\u0131yla Art\u0131r\u0131lmas\u0131n\u0131n Ayn\u0131 Anda Yap\u0131lmas\u0131<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Neden_Yapilir\" >Sermaye Azalt\u0131m\u0131 Neden Yap\u0131l\u0131r?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Ne_Zaman_Yapilir\" >Sermaye Azalt\u0131m\u0131 Ne Zaman Yap\u0131l\u0131r?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Nasil_Yapilir\" >Sermaye Azalt\u0131m\u0131 Nas\u0131l Yap\u0131l\u0131r?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Hisseyi_Nasil_Etkiler\" >Sermaye Azalt\u0131m\u0131 Hisseyi Nas\u0131l Etkiler?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Turk_Ticaret_Kanunu_TTK_ve_Vergi_Mevzuati_Acisindan_Sermaye_Azaltimi\" >T\u00fcrk Ticaret Kanunu (TTK) ve Vergi Mevzuat\u0131 A\u00e7\u0131s\u0131ndan Sermaye Azalt\u0131m\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Kurumlar_Vergisi_Kanunu_Acisindan_Sermaye_Azaltimi\" >Kurumlar Vergisi Kanunu A\u00e7\u0131s\u0131ndan Sermaye Azalt\u0131m\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimina_Alternatif_Yollar_Nelerdir\" >Sermaye Azalt\u0131m\u0131na Alternatif Yollar Nelerdir?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Yonetim_Kurulu_Karar_Ornegi\" >Sermaye Azalt\u0131m\u0131 Y\u00f6netim Kurulu Karar \u00d6rne\u011fi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Mukellefle_Yasal_Prosedurleri_Kolayca_Tamamlayin\" >M\u00fckellef&#8217;le Yasal Prosed\u00fcrleri Kolayca Tamamlay\u0131n!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sikca_Sorulan_Sorular\" >S\u0131k\u00e7a Sorulan Sorular<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Sonrasi_Temettu_Odemesi_Yapilabilir_mi\" >Sermaye Azalt\u0131m\u0131 Sonras\u0131 Temett\u00fc \u00d6demesi Yap\u0131labilir mi?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Sermaye_Azaltimi_Vergisel_Bir_Yukumluluk_Dogurur_mu\" >Sermaye Azalt\u0131m\u0131 Vergisel Bir Y\u00fck\u00fcml\u00fcl\u00fck Do\u011furur mu?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Zarar_Itfasi_Amaciyla_Yapilan_Sermaye_Azaltimi_Nedir\" >Zarar \u0130tfas\u0131 Amac\u0131yla Yap\u0131lan Sermaye Azalt\u0131m\u0131 Nedir?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/mukellef.co\/blog\/sermaye-azaltimi-nedir\/#Yararlanilan_Kaynaklar\" >Yararlan\u0131lan Kaynaklar<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Ne_Demek\"><\/span>Sermaye Azalt\u0131m\u0131 Ne Demek?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sermaye azalt\u0131m\u0131, \u015firketin esas s\u00f6zle\u015fmesinde yer alan ve ticaret siciline tescil edilmi\u015f olan sermaye tutar\u0131n\u0131n itibari de\u011fer olarak d\u00fc\u015f\u00fcr\u00fclmesi anlam\u0131na gelir.&nbsp;\u0130lgili i\u015flem bilan\u00e7onun pasifinde yer alan sermaye kaleminin rakamsal olarak azalt\u0131lmas\u0131 yoluyla ger\u00e7ekle\u015ftirilir. Sermaye, \u015firket alacakl\u0131lar\u0131 a\u00e7\u0131s\u0131ndan koruyucu bir i\u015flev ta\u015f\u0131r. Bu nedenle sermaye azalt\u0131m\u0131 s\u0131radan bir esas s\u00f6zle\u015fme de\u011fi\u015fikli\u011fi olarak de\u011fil, T\u00fcrk Ticaret Kanunu\u2019nda \u00f6zel h\u00fck\u00fcmlere ba\u011flanm\u0131\u015f bir i\u015flem olarak d\u00fczenlenmi\u015ftir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Turleri\"><\/span>Sermaye Azalt\u0131m\u0131 T\u00fcrleri<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sermaye azalt\u0131m\u0131 yap\u0131lma amac\u0131na ve uygulama \u015fekline g\u00f6re farkl\u0131 t\u00fcrlere ayr\u0131l\u0131r.&nbsp;\u0130lgili t\u00fcrler azalt\u0131m\u0131n \u015firket b\u00fcnyesinde fiilen bir nakit \u00e7\u0131k\u0131\u015f\u0131 yarat\u0131p yaratmad\u0131\u011f\u0131na, pay sahiplerine herhangi bir iade yap\u0131l\u0131p yap\u0131lmad\u0131\u011f\u0131na ve i\u015flemin bilan\u00e7o \u00fczerindeki etkisine g\u00f6re \u015fekillenir. T\u00fcrk Ticaret Kanunu\u2019nda sermaye azalt\u0131m\u0131na ili\u015fkin h\u00fck\u00fcmler, \u00f6zellikle alacakl\u0131lar\u0131n korunmas\u0131n\u0131 esas ald\u0131\u011f\u0131 i\u00e7in her bir sermaye azalt\u0131m\u0131 t\u00fcr\u00fc farkl\u0131 usul ve sonu\u00e7lar do\u011furur.<\/p>\n\n\n\n<p>Uygulamada sermaye azalt\u0131m\u0131; sermayenin bir k\u0131sm\u0131n\u0131n pay sahiplerine iadesi amac\u0131yla yap\u0131lan azaltma, bilan\u00e7o zararlar\u0131n\u0131n kapat\u0131lmas\u0131 amac\u0131yla yap\u0131lan azaltma ve sermayenin azalt\u0131lmas\u0131yla art\u0131r\u0131lmas\u0131n\u0131n ayn\u0131 anda yap\u0131lmas\u0131 \u015feklinde \u00fc\u00e7 ana ba\u015fl\u0131k alt\u0131nda ele al\u0131nmaktad\u0131r. Sermaye azalt\u0131m\u0131 t\u00fcrlerini detayl\u0131ca \u00f6\u011frenmek i\u00e7in yaz\u0131m\u0131z\u0131 okumaya devam edebilirsiniz.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermayenin_Bir_Kisminin_Pay_Sahiplerine_Iadesi_Amaciyla_Yapilan_Azaltma_Kurucu_Azaltma\"><\/span>Sermayenin Bir K\u0131sm\u0131n\u0131n Pay Sahiplerine \u0130adesi Amac\u0131yla Yap\u0131lan Azaltma (Kurucu Azaltma)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Kurucu azaltma, \u015firketin faaliyet konusu ve mevcut mali yap\u0131s\u0131 dikkate al\u0131nd\u0131\u011f\u0131nda sermayenin \u015firket ihtiyac\u0131n\u0131n \u00fczerinde kalmas\u0131 h\u00e2linde g\u00fcndeme gelir. Sermayenin bir k\u0131sm\u0131na fiilen ihtiya\u00e7 duyulmamas\u0131 nedeniyle at\u0131l durumda bulunan sermaye tutar\u0131 azalt\u0131l\u0131r. Ard\u0131ndan&nbsp;ortaya \u00e7\u0131kan miktar pay sahiplerine paylar\u0131 oran\u0131nda iade edilir. B\u00f6ylelikle \u015firketin sermaye yap\u0131s\u0131 ger\u00e7ek faaliyet hacmiyle uyumlu h\u00e2le getirilmi\u015f olur.<\/p>\n\n\n\n<p>Azalt\u0131lan sermaye tutar\u0131 \u015firket b\u00fcnyesinden \u00e7\u0131kabilir ve pay sahiplerine \u00f6deme yap\u0131labilir.&nbsp;Ancak ortaya \u00e7\u0131kan tutar\u0131n mutlaka pay sahiplerine iade edilmesi gerekmez. S\u00f6z konusu tutar \u015firket b\u00fcnyesinde b\u0131rak\u0131larak yedek ak\u00e7e olarak da de\u011ferlendirilebilir. Kurucu azaltma, sermayede fiil\u00ee bir azalma meydana getirmesi ve alacakl\u0131lar\u0131n menfaatlerini do\u011frudan etkileyebilmesi nedeniyle alacakl\u0131lara \u00e7a\u011fr\u0131 yap\u0131lmas\u0131, alacaklar\u0131n \u00f6denmesi veya teminat alt\u0131na al\u0131nmas\u0131 gibi daha s\u0131k\u0131 usul ve \u015fartlara ba\u011flanm\u0131\u015ft\u0131r. \u0130\u015fte bu \u00f6zellikleri sebebiyle kurucu azaltma, uygulamada incelemeli ya da efektif sermaye azalt\u0131m\u0131 olarak da an\u0131l\u0131r.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bilanco_Zararinin_Kapatilmasi_Amaciyla_Yapilan_Azaltma_Aciklayici_Azaltma\"><\/span>Bilan\u00e7o Zarar\u0131n\u0131n Kapat\u0131lmas\u0131 Amac\u0131yla Yap\u0131lan Azaltma (A\u00e7\u0131klay\u0131c\u0131 Azaltma)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A\u00e7\u0131klay\u0131c\u0131 veya basitle\u015ftirilmi\u015f sermaye azalt\u0131m\u0131, \u015firket bilan\u00e7olar\u0131nda yer alan zararlar\u0131n kapat\u0131lmas\u0131 amac\u0131yla yap\u0131lan bir azaltma t\u00fcr\u00fcd\u00fcr. Bu y\u00f6ntemde sermayenin azalt\u0131lmas\u0131 sonucunda serbest kalan bir tutar s\u00f6z konusu de\u011fildir. Sermaye bilan\u00e7oda g\u00f6r\u00fcnen ger\u00e7ek de\u011fere indirilir ve i\u015flem yaln\u0131zca muhasebe kay\u0131tlar\u0131 \u00fczerinden ger\u00e7ekle\u015ftirilir.<\/p>\n\n\n\n<p>Bununla beraber pay sahiplerine herhangi bir sermaye iadesi yap\u0131lmaz. Ama\u00e7 bilan\u00e7onun ger\u00e7e\u011fi yans\u0131tmas\u0131n\u0131 sa\u011flamak ve birikmi\u015f zararlar\u0131n sermaye kalemiyle mahsup edilmesidir.&nbsp;T\u00fcrk Ticaret Kanunu zararlar sonucunda bilan\u00e7oda olu\u015fan a\u00e7\u0131\u011f\u0131n kapat\u0131lmas\u0131 amac\u0131yla ve bu a\u00e7\u0131k tutar\u0131yla s\u0131n\u0131rl\u0131 olarak yap\u0131lacak sermaye azalt\u0131mlar\u0131na \u00f6zel bir d\u00fczenleme getirir. Bu durumda y\u00f6netim kurulu, alacakl\u0131lar\u0131 \u00e7a\u011f\u0131rmaktan ve alacaklar\u0131 \u00f6deme ya da teminat alt\u0131na alma y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcnden vazge\u00e7ebilir.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermayenin_Azaltilmasiyla_Artirilmasinin_Ayni_Anda_Yapilmasi\"><\/span>Sermayenin Azalt\u0131lmas\u0131yla Art\u0131r\u0131lmas\u0131n\u0131n Ayn\u0131 Anda Yap\u0131lmas\u0131<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u015eirketin bilan\u00e7osunda yer alan zararlar \u00f6ncelikle sermaye azalt\u0131m\u0131 yoluyla kapat\u0131l\u0131r ve azalt\u0131lan tutar kadar <a href=\"https:\/\/mukellef.co\/blog\/sermaye-artirimi\/\">sermaye art\u0131r\u0131m\u0131<\/a> yap\u0131l\u0131r. Bu sayede toplam sermaye tutar\u0131 sonu\u00e7 olarak de\u011fi\u015fmez. Ancak bilan\u00e7odaki zararlar giderilmi\u015f ve sermayenin tamamen \u00f6denmi\u015f oldu\u011fu kabul edilir.<\/p>\n\n\n\n<p>Sermayenin azalt\u0131lmas\u0131n\u0131n ve art\u0131r\u0131lmas\u0131n\u0131n e\u015f zamanl\u0131 yap\u0131lmas\u0131n\u0131n temel \u00f6zelli\u011fi de esas s\u00f6zle\u015fmede yer alan sermaye tutar\u0131n\u0131n de\u011fi\u015fmemesidir. Bu nedenle esas s\u00f6zle\u015fmenin sermaye maddesinin yeniden d\u00fczenlenmesine gerek kalmaz. Tescil s\u00fcrecinde yap\u0131lan i\u015flemlerin ve sermayenin tamamen \u00f6dendi\u011fini g\u00f6steren y\u00f6netim kurulu beyan\u0131 esas al\u0131n\u0131r. Bu&nbsp;y\u00f6ntem \u015firketin sermaye yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirmek ve bilan\u00e7odaki zararlar\u0131 teknik olarak ortadan kald\u0131rmak amac\u0131yla s\u0131k\u00e7a tercih edilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Neden_Yapilir\"><\/span>Sermaye Azalt\u0131m\u0131 Neden Yap\u0131l\u0131r?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sermaye azalt\u0131m\u0131 genellikle \u015firketin mevcut mali yap\u0131s\u0131n\u0131 fiil\u00ee durumla uyumlu h\u00e2le getirilmesi amac\u0131yla yap\u0131l\u0131r. \u00d6zellikle ge\u00e7mi\u015f y\u0131llarda olu\u015fan zararlar\u0131n sermaye \u00fczerinde birikmesi durumunda bu zararlar\u0131n kapat\u0131lmas\u0131 i\u00e7in sermaye azalt\u0131m\u0131na gidilmesi s\u00f6z konusu olur. Bu \u015fekilde bilan\u00e7o daha ger\u00e7ek\u00e7i bir yap\u0131ya kavu\u015fturulabilir.<\/p>\n\n\n\n<p>Ayn\u0131 zamanda ihtiya\u00e7 fazlas\u0131 ya da at\u0131l durumda bulunan sermayenin \u015firket b\u00fcnyesinden \u00e7\u0131kar\u0131lmas\u0131, sermaye yap\u0131s\u0131n\u0131n sadele\u015ftirilmesi ve mali dengenin yeniden kurulmas\u0131 da sermaye azalt\u0131m\u0131n\u0131n ba\u015fl\u0131ca nedenleri aras\u0131ndad\u0131r. \u015eirketin faaliyet hacminin k\u00fc\u00e7\u00fclmesi ya da sermaye tutar\u0131n\u0131n mevcut ekonomik ko\u015fullara g\u00f6re y\u00fcksek kalmas\u0131 h\u00e2linde de sermaye azalt\u0131m\u0131 g\u00fcndeme gelir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Ne_Zaman_Yapilir\"><\/span>Sermaye Azalt\u0131m\u0131 Ne Zaman Yap\u0131l\u0131r?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sermaye azalt\u0131m\u0131 \u015firketin mevcut mali yap\u0131s\u0131n\u0131n esas s\u00f6zle\u015fmede yer alan sermaye tutar\u0131yla uyumlu olmad\u0131\u011f\u0131 durumlarda g\u00fcndeme gelir. \u00d6zellikle sermayenin faaliyet hacmine k\u0131yasla y\u00fcksek kald\u0131\u011f\u0131, \u015firket ihtiya\u00e7lar\u0131n\u0131 a\u015fan bir yap\u0131ya d\u00f6n\u00fc\u015ft\u00fc\u011f\u00fc veya bilan\u00e7oda biriken zararlar\u0131n sermaye \u00fczerinde bask\u0131 olu\u015fturdu\u011fu h\u00e2llerde sermaye azalt\u0131m\u0131 yap\u0131labilir.<\/p>\n\n\n\n<p>Ge\u00e7mi\u015f y\u0131l zararlar\u0131n\u0131n bilan\u00e7oda \u00f6nemli bir tutara ula\u015fmas\u0131 ve bu zararlar\u0131n ba\u015fka kalemlerle kapat\u0131lamamas\u0131 durumunda da bilan\u00e7o yap\u0131s\u0131n\u0131 d\u00fczeltmek amac\u0131yla sermaye azalt\u0131m\u0131 yap\u0131lmas\u0131 s\u00f6z konusu olur. Ayn\u0131 zamanda at\u0131l durumda bulunan sermayenin \u015firket b\u00fcnyesinden \u00e7\u0131kar\u0131lmak istenmesi veya sermaye yap\u0131s\u0131n\u0131n fiil\u00ee duruma uyarlanmas\u0131 da sermaye azalt\u0131m\u0131n\u0131n yap\u0131labilece\u011fi zamanlar aras\u0131ndad\u0131r.<\/p>\n\n\n\n<p>Sermaye azalt\u0131m\u0131 baz\u0131 durumlarda sermaye art\u0131r\u0131m\u0131yla birlikte e\u015f zamanl\u0131 olarak da uygulanabilir. \u00d6zellikle bilan\u00e7odaki zararlar\u0131n teknik olarak ortadan kald\u0131r\u0131lmas\u0131 ve \u015firketin sermaye yap\u0131s\u0131n\u0131n g\u00fc\u00e7lendirilmesi amac\u0131yla tercih edilebilir.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Nasil_Yapilir\"><\/span>Sermaye Azalt\u0131m\u0131 Nas\u0131l Yap\u0131l\u0131r?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>T\u00fcrk Ticaret Kanunu\u2019nda belirlenen usul ve a\u015famalar izlenerek ger\u00e7ekle\u015ftirilebilen bu i\u015flem, \u00f6ncelikle sermaye azalt\u0131m\u0131na gidilmesini gerektiren nedenlerin belirlenmesiyle ba\u015flar. \u0130lgili&nbsp;gerek\u00e7eler do\u011frultusunda \u015firket organlar\u0131 taraf\u0131ndan gerekli haz\u0131rl\u0131klar yap\u0131l\u0131r. Y\u00f6netim kurulu, sermaye azalt\u0131m\u0131n\u0131n amac\u0131na ve uygulanma \u015fekline ili\u015fkin bir de\u011ferlendirme ortaya koyar.<\/p>\n\n\n\n<p>Ard\u0131ndan genel kurul, sermaye azalt\u0131m\u0131na ili\u015fkin esas s\u00f6zle\u015fme de\u011fi\u015fikli\u011fini karara ba\u011flar. Al\u0131nan karar kanunda \u00f6ng\u00f6r\u00fclen \u015fekilde tescil ve ilan edilebilir. S\u00fcre\u00e7 kapsam\u0131nda alacakl\u0131lar\u0131n haklar\u0131n\u0131n korunmas\u0131na y\u00f6nelik gerekli ad\u0131mlar at\u0131labilir ve yasal bildirimler ger\u00e7ekle\u015ftirilebilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Hisseyi_Nasil_Etkiler\"><\/span>Sermaye Azalt\u0131m\u0131 Hisseyi Nas\u0131l Etkiler?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sermaye azalt\u0131m\u0131n\u0131n hisse \u00fczerindeki etkisini \u00fc\u00e7 temel sermaye azalt\u0131m\u0131 t\u00fcr\u00fc \u00fczerinden madde madde \u015fu \u015fekilde \u00f6zetleyebiliriz:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pay Sahiplerine Sermaye \u0130adesi Amac\u0131yla Yap\u0131lan Sermaye Azalt\u0131m\u0131 (Kurucu Azaltma):<\/strong> Pay sahiplerine nakit iade yap\u0131ld\u0131\u011f\u0131 i\u00e7in hissede ekonomik bir etki olu\u015fur. \u015eirketin toplam sermayesi k\u00fc\u00e7\u00fcl\u00fcr ve bu durum teorik olarak hisse fiyat\u0131nda d\u00fczeltme yaratabilir. Ortakl\u0131k oranlar\u0131 korunur ancak \u015firketten fon \u00e7\u0131k\u0131\u015f\u0131 ger\u00e7ekle\u015fti\u011fi i\u00e7in hisse de\u011feri finansal olarak etkilenir.<\/li>\n\n\n\n<li><strong>Bilan\u00e7o Zararlar\u0131n\u0131n Kapat\u0131lmas\u0131 Amac\u0131yla Yap\u0131lan Sermaye Azalt\u0131m\u0131 (A\u00e7\u0131klay\u0131c\u0131 Azaltma):<\/strong> \u0130\u015flem muhasebe niteliklidir ve \u015firketten nakit \u00e7\u0131k\u0131\u015f\u0131 olmaz. Hisse say\u0131s\u0131 ve ortakl\u0131k yap\u0131s\u0131 de\u011fi\u015fmedi\u011fi\u00a0i\u00e7in de hisse \u00fczerinde do\u011frudan ekonomik bir etki olu\u015fmaz. Ama\u00e7 mali tablolar\u0131n daha sa\u011fl\u0131kl\u0131 g\u00f6r\u00fcnmesini sa\u011flamakt\u0131r.<\/li>\n\n\n\n<li><strong>Sermaye Azalt\u0131m\u0131yla Art\u0131r\u0131lmas\u0131n\u0131n Ayn\u0131 Anda Yap\u0131lmas\u0131:<\/strong> Azalt\u0131m ve art\u0131r\u0131m birlikte uyguland\u0131\u011f\u0131 i\u00e7in hisse say\u0131s\u0131 ve ortakl\u0131k oranlar\u0131 korunur. Bu nedenle hisse \u00fczerinde do\u011frudan bir de\u011fer kayb\u0131 veya kazanc\u0131 yaratmaz. \u0130\u015flem \u015firketin sermaye yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirmeye y\u00f6nelik teknik bir d\u00fczenleme niteli\u011fi ta\u015f\u0131r.<\/li>\n<\/ul>\n\n\n\n<p>Sermaye azalt\u0131m\u0131n\u0131n hisse \u00fczerindeki etkisi temel olarak azalt\u0131m\u0131n amac\u0131na ve y\u00f6ntemine g\u00f6re farkl\u0131l\u0131k g\u00f6sterir.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Turk_Ticaret_Kanunu_TTK_ve_Vergi_Mevzuati_Acisindan_Sermaye_Azaltimi\"><\/span>T\u00fcrk Ticaret Kanunu (TTK) ve Vergi Mevzuat\u0131 A\u00e7\u0131s\u0131ndan Sermaye Azalt\u0131m\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.mevzuat.gov.tr\/mevzuat?MevzuatNo=6102&amp;MevzuatTur=1&amp;MevzuatTertip=5\" target=\"_blank\" rel=\"noreferrer noopener\">6102 say\u0131l\u0131 T\u00fcrk Ticaret Kanunu<\/a>\u2019nda sermaye azalt\u0131m\u0131; genel kurul karar\u0131, y\u00f6netim kurulu raporu, alacakl\u0131lara \u00e7a\u011fr\u0131, tescil ve ilan gibi a\u015famalar\u0131 i\u00e7eren bir prosed\u00fcre tabidir. S\u00fcre\u00e7teki temel ama\u00e7, sermaye azalt\u0131m\u0131 sonras\u0131nda da \u015firketin alacakl\u0131lar\u0131n\u0131 kar\u015f\u0131layabilecek yeterli mal varl\u0131\u011f\u0131n\u0131n bulundu\u011funun ortaya konulmas\u0131d\u0131r. Bu nedenle sermaye azalt\u0131m\u0131 hukuki\u00a0ile mali y\u00f6nleri bulunan ve belirli \u015fartlara ba\u011fl\u0131 olarak ger\u00e7ekle\u015ftirilebilen bir \u015firket i\u015flemidir.<\/p>\n\n\n\n<p>Genel kurul toplant\u0131s\u0131na ili\u015fkin \u00e7a\u011fr\u0131larda sermaye azalt\u0131m\u0131n\u0131n sebepleri, amac\u0131 ve nas\u0131l ger\u00e7ekle\u015ftirilece\u011fi a\u00e7\u0131k ve ayr\u0131nt\u0131l\u0131 belirtilir. Y\u00f6netim kurulu sermaye azalt\u0131m\u0131na neden ihtiya\u00e7 duyuldu\u011funu ve i\u015flemin hangi y\u00f6ntemle yap\u0131laca\u011f\u0131n\u0131 a\u00e7\u0131klayan bir rapor haz\u0131rlayarak genel kurulun onay\u0131na sunabilir. Onaylanan bu rapor sermaye azalt\u0131m\u0131 karar\u0131yla birlikte tescil ve ilan edilebilir.<\/p>\n\n\n\n<p>T\u00fcrk Ticaret Kanunu alacakl\u0131lar\u0131n korunmas\u0131n\u0131 sermaye azalt\u0131m\u0131n\u0131n temel unsurlar\u0131ndan biri olarak g\u00f6r\u00fcr. Sermaye azalt\u0131m\u0131na karar verilebilmesi i\u00e7in azalt\u0131mdan sonra da \u015firketin alacakl\u0131lar\u0131n\u0131n haklar\u0131n\u0131 tamamen kar\u015f\u0131layabilecek yeterli aktif varl\u0131\u011fa sahip oldu\u011funun tespit edilmesi gerekir.&nbsp;Bu husus i\u015flem denet\u00e7isinin raporuyla ortaya konulmad\u0131k\u00e7a sermaye azalt\u0131m\u0131n\u0131n yap\u0131lmas\u0131 m\u00fcmk\u00fcn de\u011fildir.<\/p>\n\n\n\n<p>Sermaye azalt\u0131m\u0131na vergi mevzuat\u0131 a\u00e7\u0131s\u0131ndan&nbsp;bak\u0131l\u0131rsa i\u015flemin niteli\u011fine g\u00f6re farkl\u0131 sonu\u00e7lar do\u011furabilir. Sermaye azalt\u0131m\u0131n\u0131n bilan\u00e7o zararlar\u0131n\u0131n kapat\u0131lmas\u0131 amac\u0131yla yap\u0131lmas\u0131 h\u00e2linde genellikle vergisel a\u00e7\u0131dan do\u011frudan bir kazan\u00e7 veya vergi do\u011furan i\u015flem s\u00f6z konusu&nbsp;olmaz.&nbsp;Bu t\u00fcr azalt\u0131mlar daha \u00e7ok muhasebe kay\u0131tlar\u0131 \u00fczerinden yap\u0131lan teknik d\u00fczenlemeler olarak de\u011ferlendirilebilir. Bununla beraber sermayenin bir k\u0131sm\u0131n\u0131n pay sahiplerine iadesi \u015feklinde yap\u0131lan sermaye azalt\u0131mlar\u0131nda azalt\u0131lan tutar\u0131n kayna\u011f\u0131 \u00f6nem kazan\u0131r. Azalt\u0131m\u0131n ge\u00e7mi\u015f y\u0131l k\u00e2rlar\u0131ndan veya da\u011f\u0131t\u0131labilir nitelikteki fonlardan kar\u015f\u0131lanmas\u0131 h\u00e2linde de vergi mevzuat\u0131 a\u00e7\u0131s\u0131ndan k\u00e2r da\u011f\u0131t\u0131m\u0131 olarak de\u011ferlendirilme ihtimali g\u00fcndeme gelebilir.<\/p>\n\n\n\n<p>Bu nedenle sermaye azalt\u0131m\u0131 s\u00fcrecinde yaln\u0131zca T\u00fcrk Ticaret Kanunu h\u00fck\u00fcmlerine de\u011fil, vergi mevzuat\u0131ndaki d\u00fczenlemelere de dikkat edilmesi gerekir. Sermaye azalt\u0131m\u0131n\u0131n hangi ama\u00e7la yap\u0131ld\u0131\u011f\u0131, azalt\u0131lan sermayenin hangi kalemlerden kar\u015f\u0131land\u0131\u011f\u0131 ve pay sahiplerine herhangi bir \u00f6deme yap\u0131l\u0131p yap\u0131lmad\u0131\u011f\u0131 vergisel sonu\u00e7lar\u0131n belirlenmesinde temel unsurlar aras\u0131ndad\u0131r.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kurumlar_Vergisi_Kanunu_Acisindan_Sermaye_Azaltimi\"><\/span>Kurumlar Vergisi Kanunu A\u00e7\u0131s\u0131ndan Sermaye Azalt\u0131m\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sermayenin azalt\u0131lmas\u0131 <a href=\"https:\/\/mukellef.co\/blog\/kurumlar-vergisi-nedir-nasil-hesaplanir\/\">Kurumlar Vergisi<\/a> Kanunu a\u00e7\u0131s\u0131ndan uzun s\u00fcredir tart\u0131\u015fmal\u0131 bir konu olmu\u015f ve \u00f6zellikle vergisel sonu\u00e7lar\u0131 bak\u0131m\u0131ndan farkl\u0131 yorumlara yol a\u00e7m\u0131\u015ft\u0131r. Bu kapsamda sermaye azalt\u0131m\u0131, uygulamada fon \u00e7\u0131k\u0131\u015f\u0131 gerektiren ve fon \u00e7\u0131k\u0131\u015f\u0131 gerektirmeyen sermaye azalt\u0131mlar\u0131 olarak iki ana grupta de\u011ferlendirilir. Bilan\u00e7o a\u00e7\u0131klar\u0131n\u0131n kapat\u0131lmas\u0131 amac\u0131yla yap\u0131lan sermaye azalt\u0131mlar\u0131 ile k\u0131smi b\u00f6l\u00fcnme nedeniyle ger\u00e7ekle\u015ftirilen sermaye azalt\u0131mlar\u0131 fon \u00e7\u0131k\u0131\u015f\u0131 yaratmayan i\u015flemler aras\u0131ndad\u0131r.\u00a0<\/p>\n\n\n\n<p>Sermaye azalt\u0131m\u0131 s\u0131ras\u0131nda ortaklara, \u015firkete sermaye olarak koyduklar\u0131 tutarlar\u0131n iade edilmesi h\u00e2linde bu tutarlar vergisel a\u00e7\u0131dan gelir niteli\u011fi ta\u015f\u0131maz. Ba\u015fka bir ifadeyle sermaye azalt\u0131m\u0131 kural olarak k\u00e2r da\u011f\u0131t\u0131m\u0131 say\u0131lmaz. Bu&nbsp;sayede ortaklar \u015firkete koyduklar\u0131 menkul sermayeyi geri alabilir.&nbsp;<\/p>\n\n\n\n<p>Ancak sermaye azalt\u0131m\u0131 konusu yaln\u0131zca vergi hukuku bak\u0131m\u0131ndan de\u011fil, ticaret hukuku a\u00e7\u0131s\u0131ndan da yo\u011fun tart\u0131\u015fmalara konu olur. Ticaret hukuku uzmanlar\u0131n\u0131n genel g\u00f6r\u00fc\u015f\u00fcne g\u00f6re sermaye azalt\u0131m\u0131, esas s\u00f6zle\u015fme de\u011fi\u015fikli\u011fi gerektiren bir i\u015flemdir ve bu nedenle karar alma yetkisi genel kurula aittir. Genel kurul sermaye art\u0131r\u0131m\u0131nda oldu\u011fu gibi sermaye azalt\u0131m\u0131nda da hangi sermaye unsurlar\u0131n\u0131n azalt\u0131ma konu edilece\u011fine karar verme serbestisine sahiptir.&nbsp;<\/p>\n\n\n\n<p>Uygulamada Gelir \u0130daresi Ba\u015fkanl\u0131\u011f\u0131 taraf\u0131ndan verilen ve birbiriyle \u00e7eli\u015fen \u00f6zelgeler, sermaye azalt\u0131m\u0131nda hangi tutarlar\u0131n vergilendirilece\u011fi konusunda belirsizlik yaratm\u0131\u015ft\u0131r. Bu belirsizlikler devam ederken 7420 say\u0131l\u0131 Kanun\u2019un 22\u2019nci maddesiyle sermaye azalt\u0131m\u0131nda uygulanacak vergisel y\u00f6ntem kanunla a\u00e7\u0131k\u00e7a d\u00fczenlenmi\u015ftir. \u0130lgili d\u00fczenlemeye paralel olarak 1 Mart 2023 tarihli ve 32119 say\u0131l\u0131 Resm\u00ee Gazete\u2019de 21 Seri Nolu Kurumlar Vergisi Genel Tebli\u011fi yay\u0131mlanm\u0131\u015ft\u0131r.<\/p>\n\n\n\n<p>\u0130lgili tebli\u011fde sermaye azalt\u0131m\u0131nda vergilendirmeye ili\u015fkin esaslar \u015fu \u015fekilde ifade edilir:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Devir ve b\u00f6l\u00fcnme i\u015flemleri nedeniyle yap\u0131lan sermaye azalt\u0131mlar\u0131,<\/li>\n\n\n\n<li>Ge\u00e7mi\u015f y\u0131l zararlar\u0131n\u0131n mahsubu suretiyle yap\u0131lan sermaye azalt\u0131mlar\u0131,<\/li>\n\n\n\n<li>Sermaye \u015firketlerinin kendi hisselerini iktisap etmesi sonucu ger\u00e7ekle\u015ftirilen sermaye azalt\u0131mlar\u0131,<\/li>\n\n\n\n<li>\u00d6z sermaye unsurlar\u0131n\u0131n sermayeye ilave edilme tarihine g\u00f6re sermaye azalt\u0131m\u0131nda \u00f6ncelik durumu,<\/li>\n\n\n\n<li>\u00d6z sermaye kalemlerinin sermayeye eklendi\u011fi tarihten itibaren 5 tam y\u0131l ge\u00e7meden kurumlar taraf\u0131ndan yap\u0131lan sermaye azalt\u0131mlar\u0131,<\/li>\n\n\n\n<li>\u00d6z sermaye kalemlerinin sermayeye eklendi\u011fi tarihten itibaren 5 tam y\u0131l ge\u00e7tikten sonra kurumlar taraf\u0131ndan yap\u0131lan sermaye azalt\u0131mlar\u0131.<\/li>\n<\/ul>\n\n\n\n<p>T\u00fcm bu&nbsp;d\u00fczenlemelerle birlikte sermaye azalt\u0131m\u0131 s\u0131ras\u0131nda yap\u0131lmas\u0131 gereken vergi kesintilerine ili\u015fkin \u00e7er\u00e7eve b\u00fcy\u00fck \u00f6l\u00e7\u00fcde netle\u015ftirilmi\u015ftir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimina_Alternatif_Yollar_Nelerdir\"><\/span>Sermaye Azalt\u0131m\u0131na Alternatif Yollar Nelerdir?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u015eirketlerin sermaye azalt\u0131m\u0131 yerine ba\u015fvurabilece\u011fi alternatif yollar genel hatlar\u0131yla \u015fu \u015fekilde s\u0131ralanabilir:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bor\u00e7 Yap\u0131land\u0131rmas\u0131:<\/strong> K\u0131sa vadeli bor\u00e7lar\u0131n uzun vadeye yay\u0131lmas\u0131 veya faiz ko\u015fullar\u0131n\u0131n yeniden d\u00fczenlenmesiyle finansal bask\u0131 azalt\u0131labilir.<\/li>\n\n\n\n<li><strong>Sermaye Art\u0131r\u0131m\u0131 Yap\u0131lmas\u0131:<\/strong> Ortaklardan veya yeni yat\u0131r\u0131mc\u0131lardan nakit giri\u015fi sa\u011flanarak \u00f6z kaynak yap\u0131s\u0131 g\u00fc\u00e7lendirilebilir. Bu y\u00f6ntem sermayeyi k\u00fc\u00e7\u00fcltmeden mali yap\u0131y\u0131 toparlama imk\u00e2n\u0131 sunar.<\/li>\n\n\n\n<li><strong>\u0130\u00e7 Kaynaklardan Sermaye Art\u0131r\u0131m\u0131:<\/strong> Yeniden de\u011ferleme fonlar\u0131, emisyon primleri veya ge\u00e7mi\u015f y\u0131l k\u00e2rlar\u0131 kullan\u0131larak sermaye yap\u0131s\u0131 g\u00fc\u00e7lendirilebilir.<\/li>\n\n\n\n<li><strong>Faaliyet K\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 Art\u0131rmaya Y\u00f6nelik \u00d6nlemler:<\/strong> Maliyetlerin d\u00fc\u015f\u00fcr\u00fclmesi, verimsiz faaliyetlerin sonland\u0131r\u0131lmas\u0131 veya gelir art\u0131r\u0131c\u0131 stratejilerle \u00f6z kaynaklar zaman i\u00e7inde yap\u0131land\u0131r\u0131labilir.<\/li>\n\n\n\n<li><strong>Varl\u0131k Sat\u0131\u015f\u0131 veya At\u0131l Varl\u0131klar\u0131n De\u011ferlendirilmesi:<\/strong> Kullan\u0131lmayan ta\u015f\u0131nmaz, i\u015ftirak veya di\u011fer varl\u0131klar\u0131n sat\u0131\u015f\u0131yla nakit elde edilerek bilan\u00e7o rahatlat\u0131labilir.<\/li>\n\n\n\n<li><strong>Ge\u00e7mi\u015f Y\u0131l Zararlar\u0131n\u0131n Yedek Ak\u00e7elerle Kapat\u0131lmas\u0131:<\/strong> Kanuni veya ola\u011fan\u00fcst\u00fc yedekler yeterliyse bilan\u00e7o zararlar\u0131 sermaye azalt\u0131m\u0131na gidilmeden mahsup edilebilir.<\/li>\n<\/ul>\n\n\n\n<p>T\u00fcm bu&nbsp;y\u00f6ntemler \u015firketin mali yap\u0131s\u0131na ve hedeflerine ba\u011fl\u0131 olarak sermaye azalt\u0131m\u0131na alternatif veya tamamlay\u0131c\u0131 \u00e7\u00f6z\u00fcmler olarak de\u011ferlendirilebilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Yonetim_Kurulu_Karar_Ornegi\"><\/span>Sermaye Azalt\u0131m\u0131 Y\u00f6netim Kurulu Karar \u00d6rne\u011fi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u0130\u015fte sermaye azalt\u0131m\u0131 hakk\u0131nda bir \u00f6rnek:<\/p>\n\n\n\n<p>&#8230;&#8230;&#8230;&#8230;T\u0130CARET ve PAZARLAMA ANON\u0130M \u015e\u0130RKET\u0130<br>Ticari:<br>Adres:&nbsp;<br>&#8230;&#8230;&#8230;&#8230;. \u00c7ankaya\/Ankara<\/p>\n\n\n\n<p>Sermaye azalt\u0131m\u0131ndan dolay\u0131 alacakl\u0131lara \u00e7a\u011fr\u0131,<\/p>\n\n\n\n<p>Yukar\u0131da bilgileri yaz\u0131l\u0131 \u015firketimizin 2.000.000 (iki milyon) TL olan sermayesi, 1.000.000 (bir milyon) TL azalt\u0131larak 1.000.000 (bir milyon) TL\u2019ye indirilmesine karar verilmi\u015ftir.<\/p>\n\n\n\n<p>T\u00fcrk Ticaret Kanunu\u2019nun 473\u2019\u00fcnc\u00fc maddesinin h\u00fck\u00fcmleri gere\u011fince \u015firketin sermayenin azalt\u0131lmas\u0131na ra\u011fmen alacakl\u0131lar\u0131n haklar\u0131n\u0131 tamamen kar\u015f\u0131layacak miktarda aktifler mevcut oldu\u011fu ve bu suretle sermayenin azalt\u0131lmas\u0131nda yasal bir engel bulunmad\u0131\u011f\u0131<br>&#8230;&#8230;&#8230; tarihli ve Yeminli Mali M\u00fc\u015favir&#8230;&#8230;&#8230;&#8230;&#8230;.. taraf\u0131ndan haz\u0131rlanan raporla tespit edilmi\u015ftir.<\/p>\n\n\n\n<p>\u015eirketinizin alacaklar\u0131n\u0131n, ellerindeki belgelerle birlikte bu ilan\u0131n \u00fc\u00e7\u00fcnc\u00fc defa yay\u0131mlanmas\u0131ndan itibaren en ge\u00e7 iki ay i\u00e7erisinde<br>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.. \u00c7ankaya\/Ankara adresine m\u00fcracaatla alacaklar\u0131n \u00f6denmesini veya teminata ba\u011flanmas\u0131n\u0131 isteyebilecekleri 6102 say\u0131l\u0131 T\u00fcrk Ticaret Kanunu\u2019nun 474\u2019\u00fcnc\u00fc maddesi gere\u011fince ilan olunur.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mukellefle_Yasal_Prosedurleri_Kolayca_Tamamlayin\"><\/span>M\u00fckellef&#8217;le Yasal Prosed\u00fcrleri Kolayca Tamamlay\u0131n!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/mukellef.co\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">M\u00fckellef<\/a> olarak giri\u015fim fikirlerinizi hayata ge\u00e7irmeniz i\u00e7in her a\u015famada size rehberlik ediyoruz. \u0130\u015fletmenizi kurman\u0131z ve y\u00f6netmeniz i\u00e7in gereken yasal ad\u0131mlar\u0131 h\u0131zl\u0131 ve basit \u015fekilde ilerletmenizi sa\u011fl\u0131yoruz. Sermaye azalt\u0131m\u0131 gibi finansal s\u00fcre\u00e7lerde ve s\u00f6zle\u015fme d\u00fczenlemelerinde size destek oluyoruz.\u00a0<\/p>\n\n\n\n<p>Siz de M\u00fckellef deste\u011fiyle karma\u015f\u0131k a\u015famalar\u0131 kolayla\u015ft\u0131rarak sermaye azalt\u0131m\u0131 prosed\u00fcrlerini pratik bir \u015fekilde tamamlayabilirsiniz. Hemen <a href=\"https:\/\/app.mukellef.co\/login\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u00fcye olun<\/a>, sizi arayal\u0131m!<\/p>\n\n\n\n\t\t<!--HubSpot Call-to-Action Code -->\n\t\t<span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-3c928836-d491-492a-aa51-970897a4e1d0\">\n\t\t<span class=\"hs-cta-node hs-cta-3c928836-d491-492a-aa51-970897a4e1d0\" id=\"3c928836-d491-492a-aa51-970897a4e1d0\">\n\t\t<!--[if lte IE 8]>\n\t\t<div id=\"hs-cta-ie-element\"><\/div>\n\t\t<![endif]-->\n\t\t<a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/5318651\/3c928836-d491-492a-aa51-970897a4e1d0\" target=\"_blank\" rel=\"noopener\">\n\t\t<img decoding=\"async\" class=\"hs-cta-img\" id=\"hs-cta-img-3c928836-d491-492a-aa51-970897a4e1d0\" style=\"border-width:0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/5318651\/3c928836-d491-492a-aa51-970897a4e1d0.png\" alt=\"New call-to-action\" title=\"\">\n\t\t<\/a>\n\t\t<\/span>\n\t\t<script charset=\"utf-8\" src=\"\/\/js.hubspot.com\/cta\/current.js\"><\/script>\n\t\t<script>\n\t\thbspt.cta.load(5318651, '3c928836-d491-492a-aa51-970897a4e1d0', {});\n\t\t<\/script>\n\t\t<\/span>\n\t\t<!-- end HubSpot Call-to-Action Code -->\n\t\t\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sikca_Sorulan_Sorular\"><\/span>S\u0131k\u00e7a Sorulan Sorular<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sermaye azalt\u0131m\u0131 hakk\u0131nda s\u0131k\u00e7a sorulan sorulara buradan ula\u015fabilirsiniz.<\/p>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1780905698871\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Sonrasi_Temettu_Odemesi_Yapilabilir_mi\"><\/span>Sermaye Azalt\u0131m\u0131 Sonras\u0131 Temett\u00fc \u00d6demesi Yap\u0131labilir mi?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Sermaye azalt\u0131m\u0131 sonras\u0131nda temett\u00fc \u00f6demesi yap\u0131labilmesi i\u00e7in \u015firketin da\u011f\u0131t\u0131labilir k\u00e2r\u0131n\u0131n bulunmas\u0131 gerekir. Bilan\u00e7o zararlar\u0131 devam ediyorsa veya yasal yedekler ayr\u0131lmam\u0131\u015fsa temett\u00fc da\u011f\u0131t\u0131m\u0131 yap\u0131lamaz.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1780905708844\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltimi_Vergisel_Bir_Yukumluluk_Dogurur_mu\"><\/span>Sermaye Azalt\u0131m\u0131 Vergisel Bir Y\u00fck\u00fcml\u00fcl\u00fck Do\u011furur mu?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Sermaye azalt\u0131m\u0131 kural olarak tek ba\u015f\u0131na vergisel bir y\u00fck\u00fcml\u00fcl\u00fck do\u011furmaz. Ancak pay sahiplerine nakit iadesi yap\u0131lmas\u0131 h\u00e2linde iadenin niteli\u011fine g\u00f6re gelir vergisi veya stopaj g\u00fcndeme gelebilir.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1780905718610\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Zarar_Itfasi_Amaciyla_Yapilan_Sermaye_Azaltimi_Nedir\"><\/span>Zarar \u0130tfas\u0131 Amac\u0131yla Yap\u0131lan Sermaye Azalt\u0131m\u0131 Nedir?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>\u015eirketin bilan\u00e7osunda yer alan ge\u00e7mi\u015f y\u0131l zararlar\u0131n\u0131n sermayeden mahsup edilerek kapat\u0131lmas\u0131 amac\u0131yla yap\u0131lan sermaye azalt\u0131m\u0131d\u0131r. Bu i\u015flem muhasebe tekni\u011fine dayan\u0131r ve pay sahiplerine nakit \u00e7\u0131k\u0131\u015f\u0131 yaratmaz.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yararlanilan_Kaynaklar\"><\/span>Yararlan\u0131lan Kaynaklar<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/medya.barobirlik.org.tr\/tbbdergisi\/App_Themes\/Dergi\/2015-116-1451.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/medya.barobirlik.org.tr\/tbbdergisi\/App_Themes\/Dergi\/2015-116-1451.pdf<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.verginet.net\/dtt\/11\/ozelge-2015-6.aspx?ozID=203\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/www.verginet.net\/dtt\/11\/ozelge-2015-6.aspx?ozID=203<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.merzifontso.org.tr\/kutuphane\/anonim-sirketler\/12-anonim-sirket-sermaye-azaltimi\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/www.merzifontso.org.tr\/kutuphane\/anonim-sirketler\/12-anonim-sirket-sermaye-azaltimi<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Sermaye azalt\u0131m\u0131 \u015firketlerin mali yap\u0131s\u0131n\u0131 dengelemek ve sermaye yap\u0131s\u0131n\u0131 mevcut duruma uyarlamak amac\u0131yla ba\u015fvurulan \u00f6nemli bir i\u015flemdir. Sermaye azalt\u0131m\u0131n\u0131n hukuki dayana\u011f\u0131, vergisel sonu\u00e7lar\u0131 ve muhasebe kay\u0131tlar\u0131na etkisi bu s\u00fcre\u00e7te dikkatle ele al\u0131nmas\u0131 gereken ba\u015fl\u0131ca konular aras\u0131nda yer al\u0131r. Sermaye azalt\u0131m\u0131 yap\u0131l\u0131rken hangi nedenlerle bu yola gidilebilece\u011fini, hangi y\u00f6ntemlerin uygulanabilece\u011fini ve uygulamada s\u0131k kar\u015f\u0131la\u015f\u0131lan hatalar\u0131 bilmek, &#8230;<\/p>\n","protected":false},"author":29,"featured_media":12355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[460],"tags":[],"class_list":["post-12197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-girisim"],"_links":{"self":[{"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/posts\/12197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/comments?post=12197"}],"version-history":[{"count":2,"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/posts\/12197\/revisions"}],"predecessor-version":[{"id":12357,"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/posts\/12197\/revisions\/12357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/media\/12355"}],"wp:attachment":[{"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/media?parent=12197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/categories?post=12197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mukellef.co\/blog\/wp-json\/wp\/v2\/tags?post=12197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}