The fees for wholesale, retail and open alcoholic beverage sales licenses and hookah sales certificate for the year 2024 are determined.

Pursuant to the Communiqué No. 2023/53 published by the Ministry of Agriculture and Forestry in the 2nd Repeated Official Gazette dated 29.12.2023 and numbered 32414, the fees for wholesale, retail, and open alcoholic beverage sales licenses as well as the fee for hookah sales certificate for the year 2024 are determined as follows:   Provincial

The fees for wholesale, retail and open alcoholic beverage sales licenses and hookah sales certificate for the year 2024 are determined. Read More »

The minimum wage for the year 2024 is determined as TRY 17,002.

Pursuant to the Minimum Wage Determination Commission’s decision published in the Official Gazette dated December 30, 2023 and numbered 32415, the minimum wage of an employee for one day of normal work is determined as TRY 666.75 between the dates 01/01/2024 – 31/12/2024, with an increase of 49.11% compared to the previous period. Accordingly: (i)

The minimum wage for the year 2024 is determined as TRY 17,002. Read More »

Administrative fine amounts for the year 2024 within the scope of Personal Data Protection Law (“KVKK”) are announced.

The administrative fines regulated in Article 18 of the Personal Data Protection Law No. 6698 shall be increased annually in accordance with the “revaluation rate” at the beginning of each calendar year, as stipulated in the paragraph 7 of Article 17 of the Misdemeanor Law No. 5326. In this context, the administrative fines to be

Administrative fine amounts for the year 2024 within the scope of Personal Data Protection Law (“KVKK”) are announced. Read More »

The rent increase rate for workplaces in January 2024 has been announced.

Upon the announcement of the CPI data by TURKSTAT, the rent increase rate for workplaces in January 2024 has been determined as 53.86%. On the other hand, as per the Provisional Article 1 of the Turkish Code of Obligations No. 6098, the rent increase limit of 25% for residential places shall continue to be applied

The rent increase rate for workplaces in January 2024 has been announced. Read More »

The default interest rate for late payments in the supply of goods and services has been determined as 48%.

Within the scope of Article 1530/7 of the Turkish Commercial Code No. 6102, the interest rate to be applied in cases where the default interest rate for late payments in the supply of goods and services is not stipulated in the contract or the relevant provisions are invalid, has been determined as 48% per annum,

The default interest rate for late payments in the supply of goods and services has been determined as 48%. Read More »

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