02January2020

Obligation to Bring 80% of The Export Prices into The Country Has Been Cancelled

Within the scope of the “Communiqué (Communiqué no: 2019-32/56) On Amending the Communiqué (Regarding Export Prices) (Communiqué no: 2018-32/48) Regarding Protection of the Value of Turkish Currency Resolution numbered as 32”; which was published on the 5th Recurrent Official Gazette dated as 31.12.2019, the regulation that came into effect with former Communiqués regarding the obligation to bring export prices to Türkiye and to sell 80% to a bank has been cancelled.

Author Selma Kıy, Category Taxation Law

30December2019

2020 Legal Parameter Changes

Income Tax Exempted Food Allowance
Income Tax Exempted Commuting Allowance
Disablement Degree Discount
Income Tax Brackets of 2020
Stamp Tax Rate

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation, Taxation Law

27December2019

VERBIS Registry Deadlines Has Been Postponed

The publication below may be out of date due to postponements and recent announcements. Please contact your client representative to have further information and for your queries about the recent announcements regarding your legal obligations.

According to the decision of the Personal Data Protection Authority (“KVKK”) dated 17.12.2019 numbered 2019/387, the deadline for registration obligation to Data Controllers' Registry Information System ("VERBIS") has been extended.

Author CottGroup Hukuk ve Mevzuat Ekibi, CottGroup Hukuk ve Mevzuat Ekibi, Category Personal Data Protection Law

26December2019

2020 Minimum Wage & the Minimum Subsistence Allowance Rates (MSA)

a. Minimum wage

In The press release dated December 26, 2019 the Ministry of Labor along with the Minimum Wage Determination Committee have announced the minimum wage to be effective for the year of 2020 as shown in the table below.

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation, Taxation Law