The Omnibus Bill numbered 7186, published in the Official Gazette numbered 30836 on 19.07.2019, has increased borrowing premium rates and aggravated retirement of the Turkish nationals abroad through abroad borrowing by changing the insurance coverage status of borrowed period with the recent amendments in “the Law on Evaluating Duration Abroad of Turkish Nationals Residing Abroad numbered 3201”.

The obligation to bring exportation costs back to Türkiye within 180 days and to exchange %80 of them in the bank has come into effect as of 04.09.2018 for six months with the Communique on the Decision numbered as 32 regarding the Protection of the Value of Turkish Currency (Regarding Exportation Costs). With the Communique dated 03.03.2019 and numbered 2019-32/53, which was published in the Official Gazette numbered as 30703; the duration had been extended to 04.09.2019.

Decision (“Decision”) of the Combining Case Law General Assembly of the Supreme Court dated 08/03/2019, numbered E: 2017/10, K: 2019/1, has been published on the 18.07.2019 dated Official Gazette.

In accordance with the 2^nd article of Industrial Registry Law numbered 6948, it is mandatory for industrial businesses registering to the Industrial Registry Information System within two months after they start production activities. Production units are required to be registered separately.