Changes to the Law on Protection of Personal Data (“LPPD”) has been accepted by the Turkish Grand National Assembly on 2 March 2024, which was published in the Official Gazette on 12 March 2024. The amendments will come into force as of 1 June 2024. Two matters – mainly, processing of special categories of personal data (or
In order to determine the obligations that electronic commerce intermediary service providers and electronic commerce service providers must comply with, certain threshold values have been specified in Additional Articles 2, 3, and 4 of the E-Commerce Law. The thresholds specified in these additional articles were increased by 50% by the President in February 2023 in
Before the amendment, it was obligatory to make payments arising from sale of securities other than vehicle sales contracts which determined the contract price and other payment obligations in foreign currency or indexed to foreign currency In Turkish liras, without. exception. Now, the amendment brings following exceptions to this rule: Payment obligations within the scope
As known, with the Presidential Decree dated 24 November 2023 and numbered 7887 which was published in the Official Gazette on 25 November 2023, i) the minimum principal capital requirement of TRY 50,000.00 for joint stock companies (“JSC”) was increased to TRY 250,000.00, ii) the minimum registered capital of TRY 100,000.00 was increased to TRY
Minimum wage for 2024 has been determined According to the decision of the Minimum Wage Determination Commission (“Commission“) which was published in the Official Gazette dated 30.12.2023, and numbered 32415, the minimum wage to be applied from 01.01.2024, was determined as net TRY 17,002 (gross TRY 20,002.50). This amount will remain valid until 31.12.2024, unless
The SSI published a general letter (“General Letter”) on “Transactions in Violation to the Applicable Law on Temporary Employment Relationship” which arranges that administrative sanctions will not be imposed subject to fulfilment of certain criteria if unlawfully temporary employment relationships are detected by the reports issued after 01.11.2023 through inspections conducted by the Ministry of