The thresholds specified in the Decision on the Determination of Companies Subject to Independent Audit have been increased.

With the Presidential Decree numbered 9774 published in the Official Gazette dated May 1st, 2025 and numbered 32887, the thresholds specified in the Decree on Determination of Companies Subject to Independent Audit (“Decree”) which was issued pursuant to Article 397 of the Turkish Commercial Code numbered 6102 have been amended. As of May 1, 2025,

Amendment to Communiqué on Decision No. 32 Regarding the Protection of the Value of Turkish Currency (Communiqué No: 2008-32/34)

This Legal Alert aims at providing brief information regarding the newly introduced amendment to the Communiqué on Decision No. 32 Regarding the Protection of the Value of Turkish Currency (Communiqué No: 2008-32/34) (“Communiqué“) published in the Official Gazette dated March 6th, 2025. Background Information With the amendment made on September 13th, 2018 to the Decree

Communiqué on Keeping Commercial Books Unrelated to the Accounting of the Business in Electronic Form

This article aims to provide you with brief information regarding the newly enacted regulation the Communiqué on Keeping Commercial Books Unrelated to the Accounting of the Business in Electronic Form (“Communiqué“), published in the Official Gazette dated February 14, 2025, and numbered 32813. The Communiqué, which primarily regulates the procedures and principles for keeping commercial

The monetary thresholds for applications to consumer courts and administrative fines for consumer legislation violations have been increased.

Two separate communiqués published in the Official Gazette dated December 20, 2024, and numbered 32758 (“Communiqués”) have recently introduced certain amendments to the Consumer Protection Law No. 6502 (“Law”). By virtue of the Communiqués, (i) the monetary thresholds stipulated in Article 68 of the Law for the determination of the judicial authorities having power to

The upper limit for cash payments specified in the General Communiqué numbered 459 on Tax Procedural Law (“General Communiqué”) has been increased.

The Communiqué numbered 575, published in the Official Gazette dated November 30, 2024, and numbered 32738 (“Communiqué”) has recently introduced certain amendments to the General Communiqué. The amended provisions are effective as of November 30, 2024. The New Upper Limit for Cash Payments Pursuant to the previous provisions of the General Communiqué, payments for goods