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Here you can access most recent articles on legislative updates regarding Personal Data Protection Law, Social Security Law, Taxation Law, Occupational Health and Safety Law, Code of Obligations, Labor Law, Turkish Commercial Code, Law on Protection of the Value of Turkish Currency, Foreign Exchange Legislation, and Immigration Law in Türkiye.
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You can access the dates of the most recent international bilateral social security and double taxation treaties made between Türkiye and other countries and relevant documents here.
It's essential for the companies to identify the NACE code correctly during the formation process.
Various legal and sectoral regulations are applied based on this classification system.
The International Standard Industrial Classification (ISIC) is a system used by the United Nations to classify economic activity data. Türkiye, too, adopts the said six-digit coding system as a part of the EU accession practices. Likewise, NACE, which stands for “Nomenclature des Activités Économiques dans la Communauté Européenne” is a classification system derived from ISIC mentioned above. The fields in which the companies will operate are classified according to the codes in this system. It has the utmost importance that you identify the NACE code correctly when founding your company. The occupational groups are registered, and the corresponding business lines are explained in NACE’s lists. Below you will find related examples.
The Occupational Group | NACE Code | NACE Title |
---|---|---|
RETAIL TRADE | 47.11.01 | The retail trade conducted in general stores and markets (Food, beverage, and tobacco-based retail trade done in stores that are not specialty stores) |
INFORMATION TECHNOLOGIES | 46.14.01 | Intermediaries that wholesale computers, software, electronic equipment, telecommunication equipment, and other bureau equipment adhering to a certain price or an agreement |
INFORMATION TECHNOLOGIES | 62.01.01 | Computer coding activities (system, database, network, website, etc. software and customer-specific software coding) |
ARCHITECTURE AND ENGINEERING | 71.12.09 | Engineering and consultancy activities for energy projects (projects that use energy sources such as coal, oil, and gas, services for nuclear, water, sun, wind, and other energy power plants and power distribution and transmission lines) |
Applying an incorrect NACE code may result in application problems and loss of rights due to a different business line identification.
(The links are in Turkish.)
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