APRIL 2025 / SİSTEM GLOBAL NEWSLETTER SUMMARY
13 May 2025
| TAX REGULATION & CONSULTING 📈 |
| A RELIEF FOR MEDIUM-SIZED ENTERPRISES: BOBİ FRS THRESHOLDS RAISED! A new regulation has been published regarding amendments to the BOBİ FRS framework for large enterprises. (Official Gazette: 22.05.2025-32907) With this decision, the principle of “Think Small First” has been maintained, and changes were made to the “Large Enterprise” thresholds within BOBİ FRS to enable medium-sized businesses to prepare financial statements at minimum cost. Accordingly, the total assets threshold has been increased from TRY 400 million to TRY 800 million, and annual net sales revenue from TRY 800 million to TRY 1.6 billion. Enterprises that exceed at least two of these thresholds (including subsidiaries and affiliates, if any) for two consecutive reporting periods will be classified as large enterprises in the following period. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| R&D AND INNOVATION MANAGEMENT 🔍 |
| A NEW ERA IN THE INVESTMENT INCENTIVE SYSTEM! The previous investment incentive decree No. 2012/3035 has been terminated. With the decision No. 9903 dated 29/05/2025, published in the Official Gazette No. 32915 on 30/05/2025, a new investment incentive framework has been introduced, officially ending the 13-year-old previous decree. Under this change, new investors will benefit from revised minimum investment thresholds, updated lists of supported and excluded sectors, new types of incentive certificates, and updated support categories. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. KOSGEB CAPACITY BUILDING SUPPORT PROGRAM CALL OPEN! The 2025 second call period of the Capacity Building Support Program — aimed at enhancing SMEs’ productivity, resilience, production capacity, and market share — has officially opened. Application Period: May 2, 2025 – June 30, 2025 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. VAT EXEMPTION FOR CONSTRUCTION EXPENSES EXTENDED 3 YEARS FOR INCENTIVIZED INVESTMENTS! The VAT exemption on construction expenses, applied under investment incentive certificates in the manufacturing and tourism sectors, has been extended until December 31, 2028. First introduced in 2017 through Provisional Article 37 of the VAT Law No. 3065, this practice allows certificate holders in the manufacturing industry to be exempt from VAT on goods and services purchased for construction works. Tourism investments have also been covered since 2019. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions. |
| TECHNOLOGY & INNOVATION MANAGEMENT 🚀 |
| TRADE MINISTRY REGULATES DEBT VERIFICATION IN SUPPORT PROGRAMS! A new simplification has been introduced for application processes under support programs run by the Ministry of Trade: 🔹 Tax and SGK debt checks will no longer be conducted during the file review stage, and applicants will not be required to provide debt clearance certificates. 🔹 These checks will now be carried out electronically by the Central Bank of the Republic of Türkiye (CBRT) during the payment stage. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions |
| BUSINESS SOLUTIONS 🎁 |
| COUNCIL OF STATE RULING ON MEAL CARD INSURANCE EXEMPTION The Council of State’s 10th Chamber issued a ruling on whether employer-provided meal payments through meal cards or vouchers should be included in the premium-based earnings. Following this, SGK Circular No. 2024/17 was published. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions SMS VERIFICATION TO BE REQUIRED IN SGK VISIT REPORT APPLICATION! As of June 1, 2025, employers will be required to log in via SMS verification when submitting “Not Working” declarations for employees who received medical leave reports from healthcare providers through the SGK system. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions |
| LEGAL ⚖️ |
| NEW REPORTING CRITERIA AND PROCEDURES FOR FX POSITION DECLARATIONS TO CBRT On May 3, 2025, the Official Gazette published updates to: The Regulation on Procedures for Monitoring Foreign Exchange Position-Affecting Transactions by the CBRT Communiqué No. 2025/11 amending Communiqué No. 2023/5 on Supporting the Conversion of Companies’ Foreign Exchange Resources into Turkish Lira These amendments revise the criteria for mandatory declarations to the CBRT. 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions |
| NEWS FROM US 📣 |
| JUNE ONLINE TRAINING SCHEDULE We’re here with a variety of online training topics you’ll want to explore this June! 👉 Please contact us via info@sistemglobal.com.tr for all of your questions and opinions |
