Financial statements contain information about the economic condition of a company. The importance of the statements is that give more information about the company than you might think. These stataments are prepared to provide information about the financial transactions of the company at a certain time and the economic changes and financial status resulting from these transactions. For example, it shows how the company’s assets are, how much the company debts, does the company make a profit. It also contains important information about how the company manager uses the company capital entrusted to them.

The decision of the General Assembly On The Unification Of Conflicting Judgments dated 25.12.2019, numbered 2019/1 E, and 2019/8 K, was published in the official newspaper on 14.07.2020. With the decision, the disagreement between the Supreme Court of Appeals regarding whether the maturity date in the bond, which was timed out and therefore turned into the beginning of evidence (written) by losing its foreign exchange stock qualification, was resolved.

Free Zones; are the places where the legal and administrative regulations regarding commercial, financial and economic areas that are valid in the country are not applied or partially implemented, where broader incentives are given for industrial and commercial activities and physically separated from other parts of the country.

In 2017, it was regulated that the provisions “occupational health and safety services” and “support for occupational health and safety services” of the Law on Occupational Health and Safety No. 6331 would come into effect on 01.07.2020. As of 01.07.2020, in workplaces operating in low-risk class with less than 50 employees; occupational health and safety services

Financial Leasing is an alternative financing technique in which the liquidity need is met by own resources or bank loans, by spending less liquidity and that the investment debt to be provided can be paid in the long term. In this respect, financial leasing is an important source of finance especially for medium-sized companies.

The code from The Ministry of Family, Labor and Social Policy containing 62 articles on changes to some codes due to Covid-19 virus outbreak was published on the Official Gazette on 17.04.2020 which we have previously informed you about. With the President’s Decisions numbered 2706-2707 dated 30.06.2020 (yesterday), the duration of the short-term working payment and the prohibition of termination of the workers’ employment contract have been extended by 1 month.

Differences between “Joint Stock Companies and Limited Liability Companies are important parameters for choosing the right company type for your business….

With the regulation, the maximum installment period to be applied in the retail sales of the following products has been changed as follows.

Due to the Covid-19 virus epidemic, due to the fact that some businesses were physically closed or a remote / rotary working model was applied, therefore, due to the fact that the data responsible could not prepare personal data processing inventory, the deadlines were extended by the Personal Data Protection Board for the obligation to register with Data Officers Registry Information System (VERBIS).

Recently imposed “Valuable House Tax” subjected to some changes. The final version of the Valuable House Tax after the changes is as follows: