Technopark Salaries, QR Code Application, Law No. 7555, Credit Card Interest Rate, ETDS
Technopark salaries are now subject to a limitation on the amount of tax incentives. The regulation takes effect on August 1st.
Under the personal income tax incentive, for salaries paid to personnel, company owners, and partners:
- No incentives will be applied to amounts exceeding 40 times the gross minimum wage.
- Income tax and stamp duty exemptions will remain valid within this threshold.
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Amendments made to tax legislation pursuant to Law No. 7555:
- Special Consumption Tax (SCT) rates on vehicles have been revised. For internal combustion engine vehicles, the SCT rate starts at 70% and has been increased up to 220%. For electric vehicles, the lowest SCT rate has been raised from 10% to 25%. For 4x4 pick-up trucks, the SCT rate has been increased from 4% to 50%,
- SCT collateral on petroleum products has been included in the VAT base,
- The signature requirement for electronic inspection slips has been abolished,
- A VAT exemption has been introduced for the sale of foundation real estate properties,
- The BSMV (Banking and Insurance Transactions Tax) exemption will no longer apply to Organized Industrial Zone (OIZ) loans,
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Use of KEP (Registered Electronic Mail) in labor legislation pursuant to Law No. 7555:
- Payrolls and notifications (employment contracts, personnel regulations, disciplinary procedures, etc.) can now be sent via KEP,
- All KEP and e-signature costs will be borne by the employer,
- Notifications made through KEP will be considered legal evidence,
- KEP can only be used with the written consent of the employee,
- Termination procedures and similar transactions will continue to be executed in writing,
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The Central Bank has reduced the maximum interest rates applicable to credit cards and overdraft accounts (KMH). The regulation takes effect on August 1st.
- Individual cards with a periodic debt under 25 thousand liras: 3.5% (unchanged),
- For individual cards with a periodic debt between 25 thousand and 150 thousand liras: 4.25% --> 4%,
- Cards with a periodic debt above 150 thousand liras & corporate cards: 4.75% --> 4.5%,
- Cash advance & overdraft accounts (KMH): 5% --> 4.75%,
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QR Code application:
Mandatory for food sales outlets such as grocery stores, butchers, and greengrocers, as well as businesses such as restaurants and cafes,
The application started as of July 28,
The QR code must be displayed in a location visible to the consumer,
QR codes can be generated using the Turkish ID number and business registration number,
Generate QR code: https://guvenilirgida.tarimorman.gov.tr/isletme/qrkodolustur
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New regulations regarding the employment of foreign workers:
- Expenses related to the deportation process (travel, accommodation, health, etc.) of foreigners employed without a permit and their families (spouses and children) will now be collected from the employing employer,
- If payment is not made, the tax office will intervene,
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ETDS details:
- The company transitioning to the ETDS system must adopt a board of directors resolution,
- The resolution signed by the management must be notarized, and those authorized to transact must also be present at the notary public,
- While notarizing the resolution, the notary will issue a document from the system, and those authorized to transact will obtain approval for this document, and these individuals will be defined in the system,
- Authorized individuals will be able to log in and perform transactions in the ETDS system using their e-government password,
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Calls for 2025/2 have been opened for Tubitak 1501 and 1507
Program 1501 – application deadline 29.09.2025
- There is no budget limit.
- Project duration: 24 months (can be extended up to 36 months if necessary)
- Product and process development projects are supported across all sectors.
Program 1507 – application deadline 22.09.2025
- Upper budget limit: 3,000,000 TL
- Project duration: Maximum 18 months
- Designed for SMEs taking their first step into the R&D process.
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In Brief
- Agricultural lands left uncultivated for 2 consecutive years will be leased out starting September 1st without requiring consent. A period of 45 days will be granted to resume production,
- A 1% Resource Utilization Support Fund (KKDF) will be charged on foreign currency and gold loans extended by financial institutions,
- The minimum retirement pension has been increased from 14,469 TL to 16,881 TL,
- Restructuring opportunity for credit card and consumer loan debts; 48-month maturity and 3.11% interest rate,
- The severance pay ceiling has become 53,919 TL,
- The driver's license renewal fee will be 7,438 TL after August 1st,
- For tax debt restructurings up to 250,000 TL of debt, no collateral will be requested by the tax office,
- The CBRT reduced interest rates by 300 basis points,
- If the tax inspection slip contains coordinate-based location information and photographs related to the inspected location, the signatures of the police, gendarmerie, or neighborhood headman (muhtar) will not be required,
- Deliveries of certain vehicles to the Ministry of National Defense, Ministry of Interior, Presidency of Defense Industries, and the National Intelligence Organization have been exempted from VAT,
- A time limitation has been introduced on transferable investment allowances that could not be utilized in investment incentives.
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