With its decision dated 11.02.2020 and numbered 2017/743 E., 2020/129 K. of the Court of Cassation Assembly of Civil Chambers, it has been decided that the statement of “it is a warranty” on the bond alone does not qualify the bond as a warranty bond, by stating that: “In order to accept that the bond is given as a warranty, what it was given as a warranty for needs to…
“The Regulation Regarding Small and Medium Scaled Enterprises has entered into force by being published in the Official Gazette dated 25 May 2023. With the Regulation; The rules and procedures regarding the definition, qualifications, classification and applications of the small and medium sized enterprises have been determined. The Regulation on the Definition, Qualifications and Classification of Small and Medium-Sized Enterprises which was entered into force with the Cabinet Decree…
The Communiqué on the Determination of the Interest Rates to be Applied in Rediscount and Advance Transactions has been published in the Official Gazette dated 31.12.2022. Accordingly, the discount interest rate to be applied by the Central Bank of the Republic of Turkey in rediscount transactions to be made against promissory notes with a maximum maturity of 3 months has been determined as %9,75 per annum (Former Rate %14.75) and…
The Communiqué on the Default Interest Rate to be Applied in Late Payments in the Procurement of Goods and Services and the Minimum Discount Amount that Can Be Requested for the Collection of Receivables has been published in the Official Gazette dated 02.01.2023. In accordance with the 7th paragraph of Article 1530 of the TCC, the interest rate to be applied in cases where the default interest rate regarding late…
The Law on Amending the Tax Procedure Law and Some Other Laws has been published in the Official Gazette dated 26 November 2022. In this Law, with the amendments made in the Law on Financial Stability and Some Regulations numbered 4059; The Price Stability Committee has been established, to contribute to the permanent establishment and maintenance of price stability. This committee consist of the Minister of Treasury and Finance, the…