Open menu
08November2022

Communiqué for Amendment of the Communiqué on Article 376 of the Turkish Commercial Code

Communiqué for Amendment of the Communiqué on Article 376 of the Turkish Commercial Code

Communiqué on the Amendment of the Communiqué on the Procedures and Principles for the Implementation of the Article 376 of the Turkish Commercial Code Numbered 6102 ("Amendment Communique") (In Turkish) has been published in the Official Gazette dated November 8, 2022 and numbered 32007. The amendment made in the Communique is as follows;

With the Amendment Communiqué, published in the Official Gazette dated September 15, 2018 and numbered 30536, the provisional clause of "Communiqué on the Procedures and Principles for the Implementation of the Article 376 of the Turkish Commercial Code Numbered 6102” ("Communiqué") (In Turkish)

“Until January 1, 2023, in the calculations made for capital loss or indebtedness within the scope of Article 376 of the Law, exchange rate difference losses arising from foreign currency denominated obligations that have not yet been performed may not be taken into account.”

The date of January 1, 2023 stipulated in the article has been extended to January 1, 2024.

The Amendment Communique has entered into force as of November 8, 2022, which is the publication date.

Should you have any queries or need further details, please contact your customer representative.

Written by Berkay Koçak, Posted in Turkish Commercial Code

  • Notification!

    Contents provided in this article serve to informative purpose only. The article is confidential and property of CottGroup® and all of its affiliated legal entities. Quoting any of the contents without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance put in the preparation of this article, CottGroup® and its member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject.

    Please consult your client representative if you are a customer of CottGroup® or consult a relevant party or an expert prior to taking any action in regards to the above content.

About The Author

Berkay Koçak

Legal Consultant - Attorney
This website is using cookies.
In this website, we use cookies to develop your user experience, obtain efficient work and track statistical data. You are agreeing to our use of cookies by browsing our website. Please review Çerezler (Cookies) page for detailed information of how we manage the cookies. This choice is valid for 30 days until you delete the cookies in your web browser.
x