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01November2024

Withholding Rates for Interest on Deposits Redetermined

According to the Presidential Decree No. 9075 published in the Official Gazette on November 1, 2024 and numbered 32709, the income tax rates calculated on interest earned from Turkish Lira Deposit Accounts and dividends paid by Participation Banks have been redetermined.

The following withholding tax rates will be applied to interest and dividends to be paid to accounts opened or renewed between 1 November 2024 and 31 January 2025:

Author Erdem Duman, Category Taxation Law

31October2024

Law No. 7529 on Amendments to Law on Consumer Protection and Various Laws Published

The Law No. 7529 on Amendments to Law On Consumer Protection and Various Laws ("Act") was published in the Official Gazette No. 32707 on October 30, 2024.

In line with this Act, the phrase "or distance" was added after the term "written" in the relevant articles of the Law No. 6502 on Consumer Protection ("Consumer Protection Law"). This change aims to ensure comprehensive consumer protection in both written and distance contracts.

Author Taylan Ege Günel, Category Turkish Commercial Code

31October2024

Public Announcement on Standard Contract Notification Module

Within the scope of Article 14/5 of the By-Law on the Procedures and Principles for the Transfer of Personal Data Abroad, it is stipulated that standard contract notifications shall be made (i) physically, (ii) via registered electronic mail ("KEP"), or (iii) by other methods determined by the Board.

Author Ecem Kumsal Başyurt, Category Personal Data Protection Law

23October2024

Applications for E-Declaration User Changes Can Now Be Made Through e-Government

In the announcement made by the Social Security Institution on October 22, 2024, it was stated that applications for e-Declaration user changes can now also be made through the e-Government system.

Currently, employers fulfill their obligations to the SSI using the e-Insurance username and password obtained from the Institution.

Author Ümit Kır, Category Social Security Law and Legislation

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