Obligation to Obtain the Tax Plates

The tax plates for the taxpayer workplaces which have been created electronically and transferred to the e-tax offices in accordance with the Corporate / Income Tax Declarations shall be printed until the end of May either by the authorized persons of the entity, by the certified public accountant or by the sworn certified public accountant operating with the entity.

For the workplaces which are obligated to poses tax plates but failed to obtain the new tax plates, will be liable to an administrative penalty fine in accordance with the Tax Procedure Law, in cases where this incompliancy is realized in case of an audit held by the authorities.

An amendment is made on the banking and insurance transaction tax (“BITT”) ratios for the foreign exchange transactions with the 1106 numbered Presidential Decree (the “Decree”) published on the 15.05.2019 dated and 30775 numbered Official Gazette. According to this, the BITT ratio which was applied as zero on the sale amount of foreign exchange transactions before, is determined as %0.1 as of 15.05.2019. Notwithstanding, BITT sale amount shall be applied as zero for the foreign exchange transactions listed below:

• The foreign exchanges to be made between banks and/or authorized institutions,
• Foreign exchange sales made to the Ministry of Treasury and Finance,
• Foreign exchange sales made to the credit debtor by the bank from which the foreign exchange credit is used or mediated.

A Decision of Joint Chambers of the Supreme Court (the “Decision”) with 2017/9 E. and 2018/10 K. Numbered, has been published on the 09.05.2019 dated and 30769 numbered Official Gazette.

The procedure and principles to be followed in the transactions regarding work permit and work permit exemptions to be given to foreign nationals, are regulated with 6735 numbered International Labor Force Law (the “Law”) and the Governing Regulation on the Law Regarding Work Permits of Foreign Nationals (the “Regulation”). According to these legislations, missing day reasons of the foreign nationals working at a workplace are not accepted excluding working while maternity and breast-feeding leave; and 30 days of declaration is sought in a month. Social Security Institution (“SSI”) has made a revision with its 18.03.2019 dated regulation on the missing day documents; and made some regulations regarding the demand of monthly premium and service document along with withholding and premium service declaration.