August 2024 / Sistem Global Newsletter Summary
16 September 2024
August 2024 / Sistem Global Newsletter Summary
16 September 2024
TAX REGULATION & CONSULTING 📈
AMENDMENT TO THE GENERAL COMMUNIQUÉ ON E-BOOKS PUBLISHED!
The communiqué outlines changes to the General Communiqué on Electronic Books (No. 1) regarding taxpayers’ Opening and Closing Approvals, e-Book Obligations, Inventory Books, Signatures and Seals, and the creation and submission of Book and Certificate Files.

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GENERAL COMMUNIQUÉ ON TAX PROCEDURE LAW PUBLISHED!
The communiqué establishes the procedures and principles for sharing information under the Revenue Administration’s systems, as authorized by the Ministry of Treasury and Finance, with public institutions and organizations outside general public administrations and legal entities in exchange for a participation fee.

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AMENDMENT TO THE COMMUNIQUÉ ON TAX, DUTY, AND FEE EXEMPTION FOR EXPORTS, TRANSIT TRADE, AND FOREIGN CURRENCY GENERATING ACTIVITIES PUBLISHED!
The communiqué extends deadlines for firms located in Adıyaman, Hatay, Kahramanmaraş, and Malatya or proving activity in these provinces. Firms must apply to the Ministry for tax, duty, and fee exemption certificates or to relevant banks for non-certified export credits by March 31, 2025, if their export commitment accounts remain open.

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COMMUNIQUÉ ON RECYCLING CONTRIBUTION FEES UNDER THE ENVIRONMENTAL LAW PUBLISHED!
The communiqué updates the recycling contribution fee rates for products introduced into the domestic market, including bags from sales points and other products from producers/importers, reflecting a 43.93% revaluation rate for 2024.

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CENTRAL BANK COMMUNIQUÉ ON DISCOUNT AND ADVANCE TRANSACTION INTEREST RATES PUBLISHED!
The communiqué sets the annual discount interest rate for rediscount transactions on bills with a maturity of up to 3 months at 48.25%, and the annual interest rate for advance transactions at 49.25%.

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REMOTE WORKING EXTENDED UNTIL THE END OF 2025 FOR TECHNOPARKS AND R&D/DESIGN CENTERS!
Remote working arrangements, implemented as 100% for IT staff and 75% for others, have been extended until December 31, 2025, in Technology Development Zones and R&D or Design Centers.

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WITHHOLDING TAX RATE ON DIVIDEND PAYMENTS INCREASED FROM 10% TO 15%!
Presidential Decision No. 9286, which amended the withholding tax rate on dividend payments, was published in the Official Gazette on December 22, 2024 (No. 32760).

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WITHHOLDING TAX RATE ON E-COMMERCE PAYMENTS SET AT 1%!
As of January 1, 2025, payments made in e-commerce will be subject to a 1% withholding tax.

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R&D AND INNOVATION MANAGEMENT 🔍
EXTENSION RIGHTS FOR INWARD PROCESSING PERMITS AND CERTIFICATES GRANTED!
For export commitment accounts not yet closed under Communiqué Export: 2024/4, you can apply for an extension of up to 3 months. Certificates previously extended to December 31, 2023,
are now automatically extended until March 31, 2025.

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TÜBİTAK 1501 AND 1507 SUPPORT PROGRAMS OPEN FOR 2025 CALLS!
The first round of calls for TÜBİTAK’s 1501 and 1507 support programs, designed for SMEs and industrial enterprises to promote R&D activities, is now open for 2025.

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TÜBİTAK SUPPORTS SMEs’ GREEN TRANSFORMATION!
Under the Türkiye Green Industry Project, coordinated by the Ministry of Industry and Technology with World Bank support, TÜBİTAK and KOSGEB offer up to 90% grant support to SMEs through the Green Innovation Technology Mentorship Call 1831.

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BUSINESS SOLUTIONS 🎁
TAX BRACKETS, MEAL AND TRANSPORT ALLOWANCE EXEMPTIONS FOR 2025 ANNOUNCED!
The 329th Income Tax General Communiqué, published in the Official Gazette (No. 32768, 2nd Repeated Issue) on December 30, 2024, announces tax brackets, meal allowances, transportation exemptions, and disability deduction amounts for 2025.

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NEW MINIMUM WAGE ANNOUNCED!
Following the Minimum Wage Determination Commission’s 4th meeting, the net minimum wage effective January 1, 2025, is set at 22,104 TRY, according to the announcement by the Minister of Labor and Social Security, Vedat Işıkhan.

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DEADLINES FOR NOVEMBER PERIOD PREMIUMS EXTENDED IN EARTHQUAKE ZONES!
The Social Security Institution has extended the deadlines for submitting Monthly Premium and Service Documents / Withholding and Premium Service Declarations and paying premiums for November in Adıyaman, Hatay, Kahramanmaraş, and Malatya provinces, and Gaziantep’s İslahiye and Nurdağı districts.

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INTELLECTUAL PROPERTY AND PATENTS 🔏
ORDU HAZELNUT ROASTED TÜRKİYE
The product “Ordu Hazelnut Roasted Türkiye” has been registered as a geographical indication by the Turkish Patent and Trademark Office, confirming its unique characteristics and connection to its geographical.

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NEWS FROM US 📣
ONLINE TRAININGS SCHEDULE FOR JANUARY
We are here with many training titles that you will want to see from our Online Trainings in January!

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