With the amendment made, the cost of acquisition of Turkish citizenship by purchasing real estate has been increased from 250,000 USD to 400,000 USD. The relevant decision will enter into force on 13.06.2022.
The Social Security Institution published a General Letter with regards to the employer representation.
Per that regulation, SSI will assign employer representatives per the employee count of the companies to fasten the SSI processes.
The employer representative implementation will primarily start in Izmir and Gaziantep provinces as of 16.05.2022. And, per the results & feedbacks, this would be applicable in all provinces in the future.
It has been stated that accessing the real estate information of the citizens by entering only the Turkish Republic ID number on the real estate tax payment/fast payment and debt inquiry pages submitted online by the municipalities in various notices conveyed to the Turkish Data Protection Authority ("Authority") causes a problem in terms of protection of personal data and it has been requested to be examined within the scope of Turkish Data Protection Law No. 6698 ("KVKK").
With the instruction dated 15.04.2022 of the Ministry of Treasury and Finance, at least 40% of the export price, which are assigned to EPCA or FEPC, is now mandatory to sell to the bank which regulates the IBKB or DAB from 18.04.2022
These transfers are being sold to the CBT within the same day by the Central Bank of the Republic of Türkiye based on the buying rate of exchange which are announced by CBT on the transaction date. The relevant transfer will be paid to the exporter in Turkish Lira.
