Message Management System, Vehicle Recognition Unit, Secure Payment System and Other Developments
New regulation regarding commercial electronic messages: Integrator system comes to life
Established in 2015, the Commercial Electronic Message Management System (IYS) enabled service providers to collect consent and rejection information in a central system.Integrators are stepping into commercial electronic message processes.
Integrators will provide services to service providers regarding the recording of consent and rejection information of commercial electronic messages into the IYS, and will also be responsible for ensuring that these processes are carried out securely and in compliance with regulations.
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Obligation to register with the National Vehicle Recognition System has been extended
It is becoming mandatory to install a Vehicle Recognition Unit (TTB) in vehicles registered in the company's assets or used as rentals in the company
Vehicle information will be transferred to the cash register via the TTB at the fuel station, and manual entry of license plate information will be prevented
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"Secure Payment System" has entered our lives in second-hand vehicle transactions
- Mandatory for second-hand vehicle purchases and sales
- The seller will initiate the secure payment process,
- The buyer will deposit the money into the intermediary institution with the reference number
- After the sales transaction is completed at the notary public, the money waiting in the secure account will be transferred to the seller's account
- For now, it has a cost of 105 TL. 105 TL less payment will be made from the intermediary institution to the seller, half of the deduction will remain with the intermediary institution and the other half will be transferred to the Notaries Union
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Tax exemption in case of granting company shares to employees
The conditions for the application of the tax exemption are as follows
- The company whose shares will be given must be a Tech-startup company
- The tax exemption amount cannot exceed the annual gross salary of the employee given shares
- The given shares must remain with the employee for a certain period and must not be sold. If these shares are disposed of within 3 years from the date of share transfer, the entire exempted tax,
If disposed of within 4 to 6 years, 75% of the exempted tax,
If disposed of within 7 to 12 years, 25% of the exempted tax,
will be collected from the employer together with default interest without applying tax loss penalties.
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Restructuring introduced for unpaid credit cards and personal loans
The BRSA has introduced the opportunity of restructuring up to 60 months for those who cannot pay their individual credit card and personal loan debts.
Individuals who cannot pay the minimum amount of their individual credit card periodic debt will be able to pay their existing credit card debts in installments up to 60 months.
The minimum payment requirement was determined as 20% for those with a credit card debt below 50 kTL, and 40% for those above 50 kTL.
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Changes in SSI
SSI premium was increased. As of September 1, SSI premiums were increased by 0.25%. For a minimum wage earner, this corresponds to 50.01 TL
The 5-point SSI support provided to retired employees within the scope of Retirement Age Strikers (EYT) was abolished
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In brief
- An obligation for electronic notification has been introduced for vehicle purchases. The application will start in 2025. Electronic notification applications can be made to the tax office in person or by proxy. Applications are currently not accepted electronically. Vehicle purchases cannot be made without an electronic notification address (Tax Procedure Law Communiqué 568)
- Form Ba and Form Bs declarations have been abolished (Tax Procedure Law Communiqué 565)
- Individuals and companies will be able to authorize financial advisors to perform transactions on their behalf through the digital tax office. The taxpayer will define sub-users through the system, and regulations have been made in the system for the sub-user to perform certain tasks (Tax Procedure Law Communiqué 567)
- Taxpayers with a tax debt exceeding 5,000,000 TL will be disclosed after October 15, 2024 (Tax Procedure Law Communiqué 564)
- Institutions operating in the Istanbul Finance Center and exporting services will be able to keep their book records in foreign currency (Tax Procedure Law Communiqué 569)
- The scope of the social content producer earnings exemption has been expanded. Courses, training, product promotion, in-app sales, sponsorships, and paid subscriptions have been included in this scope (Income Tax Communiqué 325)
- Details of the minimum corporate tax to be applied in 2025 have been announced (Corporate Tax Communiqué 23)
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