The Personal Data Protection Authority (“Authority”) has announced that, based on complaints submitted to it, creditor attorneys have accessed the phone numbers of debtors’ relatives and shared the debtor’s personal data, including name, surname, and debt information, with such third parties through phone calls or text messages. This practice poses significant risks in terms of...

Law No. 7555 on the Protection of the Value of the Turkish Currency and Amending Certain Laws and Decree Law No. 635, which was published in the Official Gazette on 24 July 2025, introduced significant changes to various tax laws.   1.Restrictions on the Reduced Corporate Income Tax Incentive for Promoted Investments. The maximum duration...

The Presidential Decree No. 10094 dated July 17, 2025, published in the Official Gazette on July 18, 2025, set the Source Utilization Support Fund (“KKDF”) deduction rate at 1% for foreign currency and gold loans provided by banks and finance companies under commercial credit. The rate change made by the Presidential Decree will apply to...

The Regulation on the Identification and Certification of Technology and Innovation-Oriented Enterprises (the “Regulation”) was published in the Official Gazette dated July 3, 2025, and numbered 32945, and entered into force on the same date. The Regulation aims to set forth the procedures and principles regarding the identification of enterprises engaged in technology and innovation-based...

The Competition Authority’s (“Authority”) “Group Exemption Communiqué on Specialization Agreements” (“Communiqué” or “Communiqué No: 2025/2”) sets out the conditions for the group exemption of specialization agreements between undertakings from the application of Article 4 of the Law on the Protection of Competition (“Law” or “Law No. 4054”) dated 7/12/1994 and numbered 4054. The Communiqué entered...

The resolution dated 10.06.2025 and numbered 2025/1072 (“Resolution”) of the Personal Data Protection Authority (“Authority”) dated 10.06.2025 and numbered 2025/1072 was published in the official gazette dated 26.06.2025. The resolution evaluates the processing of personal data by requesting the contact information of the relevant persons and sending a verification code via SMS during the processes...

Pursuant to the Presidential Circular No. 2025/6 published in the Official Gazette dated 10.05.2025, the 2030 Industry and Technology Strategy (“2030 Strategy Policy”) is published on the official website of the Ministry of Industry and Technology. The 2030 Strategy Policy aims to transform Türkiye’s industrial and technology ecosystem into a structure that produces higher added...

As the June 30, 2025 deadline for operating license application approaches, regulatory activity in the crypto asset space is rapidly progressing. On May 8, 2025, the Capital Markets Board (CMB) published Principle Decision No. i-SPK.35/B.2 in its Bulletin No. 2025/29, addressing proof of reserves audits. This decision sets out the procedures and principles to be...

TÜBİTAK Informatics and Information Security Advanced Technologies Research Center of Türkiye has published the long-awaited Information Systems and Technological Infrastructure Criteria for Crypto Asset Service Providers (“Infrastructure Criteria”). The version of the document with revision code 1.0, dated April 30, 2025, has been publicly released. This document had previously circulated in draft form, but the...

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...