Crypto Asset Law, New Cash Register Obligation and Other Developments

Crypto asset law has been approved by the General Assembly of the Parliament.Accordingly, crypto asset service providers (exchanges, brokerage houses, custody institutions, etc.) are required to obtain a license from the Capital Markets Board (CMB),The auditing of these institutions will also be under the responsibility of the CMB,These institutions are required to obtain a license from the CMB within 30 days following the publication of the law or they will enter liquidation within 3 months,There is no additional tax; crypto asset service providers will only make a 2% payment over their revenues (1% to the CMB and 1% to TÜBİTAK) Obligation to issue invoicesThe new generation cash register (ÖKC) obligation starts on July 1, 2024,Old generation cash registers must be replaced with new ones,The use of new generation cash registers with EFT-POS features is mandatory, and as of July 1, 2024, businesses will be required to make an agreement with at least one bank or payment service provider,You can check from the list whether your cash register device is of the old generation:- Old Generation Cash Register list: https://ynokc.gib.gov.tr/UploadedFiles/Files/okc3100cihazmarka.pdf- New Generation Cash Register list: https://ynokc.gib.gov.tr/UploadedFiles/Files/okcyeninesil.pdf The mandatory ratio for selling export proceeds to the Central Bank of the Republic of Turkey (CBRT) has been reduced from 40% to 30%"vehicle identification unit (TTB)" on company-owned and leased vehicles until December 31, 2024,TTBs will be produced by the State Mint and installed on the fuel tank inlets of vehicles.,An obligation has also been introduced to install "vehicle identification reader devices (TTYO)" on pump nozzles at gas stations. The 6-month and 6,000-km rule applicable to second-hand vehicle sales has been extended until January 1, 2025The 6-month and 6,000-km rule in second-hand vehicle sales means that after a vehicle is purchased, at least 6 months must pass with the new owner and it must be driven for at least 6,000 km while in the possession of the new owner,It is not possible to sell vehicles that have not completed 6 months since their purchase,Vehicles subject to restrictions: Automobiles (M1 class) and off-road vehicles (M1G, M2G, M3G, N1G, N2G, and N3G class vehicles),Vehicles not subject to restrictions: Other land vehicles such as trucks, buses, vans, minibuses, and motorcycles. A 40% additional tax has been introduced on vehicles imported from China. The implementation starts on July 7.With the latest decree published, the scope was expanded beyond electric vehicles to include all fuel types, including internal combustion engines,Thus, for every vehicle imported from China, a total tax of 50%, consisting of a 10% customs duty and a 40% additional tax, has become applicable,These taxes will not cover commercial vehicles. KOSGEB SME Digital Transformation Support Program has started- Support up to 20 million TL- 36-month maturity loan with 20 points lower interest (manufacturing sector)In "job-training" programs to be organized in areas such as cybersecurity, cloud computing, game development specialization, and coding; the duration of job-training programs for youth aged 18-29 is a maximum of 9 months In transactions made via IBAN, the place where the service is received and the account holder must be the same, and a receipt/invoice must be issued for the transaction Severance pay must be paid in cash. If the employee consents, it can be paid in installments In the event of a work accident, the employer must- Immediately --> inform the law enforcement agencies at the location of the accident- Within 3 days --> make a notification to the Social Security Institution (SGK) Reminder regarding Automatic (Mandatory) Private Pension System (BES)- If the number of employees in the workplace is 5 or more, the workplace must transition to the automatic BES in the following year- By law, the employer is obliged to include eligible employees in this plan by signing a contract with a pension company- A 3% deduction is made from the employees' salaries- Automatic BES is mandatory for those under 45 years of age- Automatic BES cancellation is easy; it can be canceled after 2 months have passed- In case of a job change, the employee's existing BES is included in the pension plan operated by the new workplace- Contributions to automatic BES can be paused for up to 3 months- Those who opt out of automatic BES can return to the system if they wish.The deduction made is transferred by the employer to the pension company following the paydayEmployees can leave the system in a way that allows them to get a full refund of the contributions paid within 2 monthsIf the employer fails to transfer the deduction made from the employee's salary to the pension company on time and in full, they will face an administrative fine of 911.40 TL for each person and for each separate month Conditions for unemployment benefits- Being unemployed through no fault or request of one's own- Having worked for the last 120 days (4 months) prior to the termination of the service contract- Having paid unemployment premiums for at least 600 days in the last 3 years- Applying to İŞKUR in person or electronically within 30 days after the termination of the service contract Trainings and Seminars- https://eoda.iso.org.tr/Seminer/SeminerListesihttps://www.ito.org.tr/tr/etkinlikler?room=True&year=2024&webview=