With the Presidential Decree published in the Official Gazette on May 1, 2025, the Decision on the Determination of Companies Subject to Independent Audit has been amended, and the thresholds for independent audit have been updated as follows:
| Old | New | |
| Companies listed in Annex (II)[1] | · Total assets: 60 million TRY
· Annual net sales revenue: 80 million TRY |
· Total assets: 120 million TRY
· Annual net sales revenue: 150 million TRY |
| Companies not specifically mentioned in the decree | · Total assets: 150 million TRY
· Annual net sales revenue: 300 million TRY |
· Total assets: 300 million TRY
· Annual net sales revenue: 600 million TRY |
The decision was published in the Official Gazette on May 1, 2025, and entered into force to be used in determining whether companies are subject to audit for fiscal periods starting on or after January 1, 2025.
You can access the full text of the decision (only available in Turkish) via the following URL:
https://www.resmigazete.gov.tr/eskiler/2025/05/20250501-8.pdf
For detailed information and professional support during the compliance process, feel free to contact us.
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[1] 1) Excluding call center companies, companies subject to the regulation and supervision of the Information and Communication Technologies Authority (ICTA) within the scope of the Electronic Signature Law No. 5070 dated 15/01/2004, the Electronic Communications Law No. 5809 dated 05/11/2008, the Postal Services Law No. 6475 dated 09/05/2013, and Article 1525 of the Turkish Commercial Code No. 6102.
2) Excluding inactive companies or those whose operations have been temporarily suspended or revoked (including those that have not yet completed necessary amendments to their articles of association or other procedural requirements), companies that are subsidiaries of the Savings Deposit Insurance Fund (TMSF), or companies whose management and supervision have been taken over by TMSF under the repealed Banks Law No. 4389 or the current Law No. 5411.
3) Companies at least 50% of whose capital is owned by municipalities.
