The Regulation also revised the criteria for KOBİ enterprise types.
Accordingly, if an enterprise does not own 25 per cent or more of the capital of an enterprise alone, it will be considered an independent enterprise. Real person enterprises will be included in this category.
If an enterprise alone or jointly with its affiliated enterprises owns 25 per cent or more and 50 per cent or less of the capital of another enterprise, it will be considered a joint enterprise.
If an enterprise alone or jointly with its affiliated enterprises owns the majority of the capital of another enterprise, and if it owns the majority of the capital of another enterprise alone or jointly with its affiliated enterprises, it will be considered as an affiliated enterprise.
The enterprises other than universities, research centres, association and foundation qualified investors and institutional investors, crowdfunding platforms, municipalities in places with a budget of less than 25 million TL and a population of less than 5 thousand, village legal entities, venture capital partnerships or investment funds, whose 25 percent or more of the capital is under the control of one or more public institutions will not be considered KOBİ’s.
The definition of KOBİ was amended
Balance sheet thresholds were increased from 5 million TL to 10 million TL to be considered a micro enterprise, from 50 million TL to 100 million TL to be considered a small enterprise, and from 250 million TL to 500 million TL to be considered a medium-sized enterprise.
The regulation on the definition, qualifications and classification of small and medium-sized enterprises was amended and renewed with the KOBİ regulation published in today’s issue of the Official Gazette.
With the regulation, the definitions KOBI s have also been rearranged. In this context, the balance sheet thresholds were increased from 5 million TL to 10 million TL to be considered a micro enterprise, from 50 million TL to 100 million TL to be considered a small enterprise, and from 250 million TL to 500 million TL to be considered a medium-sized enterprise.
No changes were made in the employment thresholds of enterprises. Enterprise classes will be determined by the data of the last accounting period. For this data, corporate taxpayers and income taxpayers will be based on the end of the month in which the declaration period is in.
