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

Upon the announcement of the CPI data by TURKSTAT, the rent increase rate for workplaces in February 2024 has been determined as 54.72%. 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 February 2024 has been announced. Read More »

Bank liability amount for bounced checks has been determined as TRY 9,270 for each check leaf as of 31.01.2024.

According to the “Communiqué on Amendment to the Communiqué on Printing Method of Checkbooks and Determination of Amounts Banks are Obligated to Pay to the Bearer” published by the Central Bank of the Republic of Türkiye in the Official Gazette dated 27.01.2024 and numbered 32442, the liability amount that the drawee banks are obligated to

Bank liability amount for bounced checks has been determined as TRY 9,270 for each check leaf as of 31.01.2024. Read More »

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 »

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