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Legislation - CottGroup Holistic Business Services

09May2022

SSI Employer Representation

The Social Security Institution published a General Letter with regards to the employer representation.

Per that regulation, SSI will assign employer representatives per the employee count of the companies to fasten the SSI processes.

The employer representative implementation will primarily start in Izmir and Gaziantep provinces as of 16.05.2022. And, per the results & feedbacks, this would be applicable in all provinces in the future.

Author Erdoğdu Onur Erol, Category Social Security Law and Legislation

29April2022

Two-Factor Authentication Requirement in Payment Services of Municipalities

It has been stated that accessing the real estate information of the citizens by entering only the Turkish Republic ID number on the real estate tax payment/fast payment and debt inquiry pages submitted online by the municipalities in various notices conveyed to the Turkish Data Protection Authority ("Authority") causes a problem in terms of protection of personal data and it has been requested to be examined within the scope of Turkish Data Protection Law No. 6698 ("KVKK").

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

28April2022

Obligation of Exchanging Portion of the Export Prices to the Banks Has Been Raised up to 40%

With the instruction dated 15.04.2022 of the Ministry of Treasury and Finance, at least 40% of the export price, which are assigned to EPCA or FEPC, is now mandatory to sell to the bank which regulates the IBKB or DAB from 18.04.2022

These transfers are being sold to the CBT within the same day by the Central Bank of the Republic of Türkiye based on the buying rate of exchange which are announced by CBT on the transaction date. The relevant transfer will be paid to the exporter in Turkish Lira.

Author Selma Kıy, Category Taxation Law

27April2022

Deadline of Annual Operating Statement is 05.05.2022

According to the 2nd Article of Industrial Registry Law No. 6948 (In Turkish), industrial businesses must be registered to industrial registry and receive a registration certificate.

Companies, which have industrial registry certificate, are required to declare their "Annual Operating Statements" within the first four months of every year.

Annual operating statements shall be submitted on The Ministry of Industry and Technology's website www.sanayi.gov.tr (In Turkish), from the section "Industrial Registry Information System", which can be found under the "E-Services" menu.

Author Selma Kıy, Category Taxation Law

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