May 2022 / Sistem Global Newsletter Summary
23 June 2022
TAX CONSULTACY📝
2022/MAY INSURANCE PREMIUM CAN BE PAID UNTILY 27.02.2022 BY OFFSETTING FROM VAT REFUND RECEIVABLE 
In the SSI announcement, Revenue administration stated due to the Feast of Sacrifice, which falls on the second week of July 2022, there may be delays in the offsetting VAT refund receivables to the SSI premium debt for the period 2022/ May to 20.07.2022, therefore, it will be appropriate to extend the due date for such offsets until 27.07.2022. 
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BANKING REGULATION AND SUPERVISION BOARD RESTRICTS THE OF TL COMMERCIAL LOANS 
With the Decision of the Banking Regulation and Supervision Board dated 24.06.2022 and numbered 10250, a new regulation has been made regarding the conditions under which a new cash commercial loan in TL will not be granted if the Turkish Lira equivalent of the foreign currency cash assets (including gold, foreign currency, and FX deposits in banks) of companies above 15 million TL as of date of their loan application.
 👉  Please contact us via info@sistemglobal.com.tr for all of your questions and opinions.
 
WITH THE 12TH ISTANBUL FINANCIAL CENTER LAW, NEW INCENTIVES AND EXEPTIONS ARE OFFERED TO THE FINANCE SECTOR 
We had announced in our previous bulletins that the proposed law on the Istanbul Finance Center was submitted to and discussed in the parliament. The Istanbul Finance Center Law No. 7412 was published in the Official Gazette No. 31880 dated June 28, 2022, has entered into force.
 👉  Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. 
RISK AND LEGISLATION MANAGEMENT📚
LIMIT ON THE ANNUAL RENT INCREASE RATE FOR RESIDENTIAL LEASE AGREEMENTS
 Exorbitant increases imposed by landlords on rents due to high inflation figures have been a topic of discussion for a while now. As a measure, Law on amendment of Attorney’s Act and Turkish Code of Obligations (“Law”), which limits the increase in rents has entered into force after being published in the Official Gazette No. 31863 on June 11, 2022.
 👉  Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. 
R&D AND INNOVATION MANAGEMENT🔍
2022-2 TUBITAK BIGG GREEN GROWTH CALL COMMENCES!
This is the 2nd BiGG Green Growth call for the thematic area, and it is open for business idea applications, however, R&D and Innovation projects that serve Green Growth are prioritized.
 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. 
“STRUCTURAL TRANSFORMATION IN PRODUCTION” SUPPORT FOR 21 PROJECTS WITH THE TECHNOLOGY FOCUSED INDUSTRY ACT PROGRAM! 
Evaluations come to an end for “Structural Transformation in Production” call, which is the second of its kind, first one being opened in 2021, in the scope of Technology Focused Industry Act Program that aims of localizing products that Turkey has a current account deficit in high-tech areas. Evaluation resulted in support for 21 projects.
 👉  Please contact us via info@sistemglobal.com.tr for all of your questions and opinions.  

“AGRICULTURAL RESEARCH” CALLS WITH THE COLLABORATION BETWEEN TUBITAK AND TAGEM COMMENCES!
 In cooperation with TUBITAK and TAGEM, under the title of “Agricultural Research”, common priority R&D and innovation topics were identified and 2 separate calls targeting University-Public-Private Sector collaborations were opened in order to ensure that the potentials of the ecosystem stakeholders reach our country’s food security and sustainability targets, and R&D resources are used more effectively.
 👉  Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. 

TUBITAK TEYDEB 1501 AND 107 PROGRAMS OPEN THEIR 2ND CALL FOR 2022! 
Applications for the 2nd period of the 1501-Undustry R&D Support Program and 1507-SME R&D Startup Support Program for 2022 will be received on the website as of 04.07.2022.
 👉  Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. 

KOSGEB LIVING CULTURAL HERITAGE ENTERPRISES SUPPORT PROGRAM COMMENCES! 
The KOSGEB Living Cultural Heritage Enterprises support program was launched to ensure the survival of enterprises operating on professions that have traditional, cultural, artistic value and are about to disappear, and to ensure that this accumulation is passed on the future generations.
 👉  Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. 
NEWS FROM US📣
JULY SCHEDULE FOR ONLINE TRAINING COURSES…
 We are back in July with our Extensive Online Training Courses on Various Interesting Topics!
 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. 

REPORT ON GOOD PRACTICES IN SOME CONTRIES FOR ENTERPRISES AND SMES IS PUBLISHED!
This report includes; data on startup and SME ecosystem, details for which regions where startups and SMEs are concentrated, and examples of good practices. We recommend startups and SMEs to review this report since we believe it would be most beneficial.
 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions.