Communique on Administrative Fines to be Applied in 2025 Pursuant to the Turkish Commercial Code No. 6102
Hakan Hamidoğulları and Alçin Öztürk co-authored this article.
The Communique on Administrative Fines to be Applied in 2025 Pursuant to The Turkısh Commercial Code No. 6102 (“Communique”) published in the Official Gazette dated December 24, 2024, and numbered 32762.
As per the Communique the administrative fines specified in the TurkishCommercial Code No. 6102 (“TCC”) have been revised and increased by43.93% (forty-three point ninety-three percent), as determined by the General Communique on the Tax Procedure Law (Serial No. 574) published in the Official Gazette dated November 27, 2024, and numbered 32735, for the revaluation rate of 2024.
Below you can find the updated administrative fine amounts applicable under the TCC in 2025 and the applicable ones in 2024:
Relevant Article | Act Subject to Sanction | 2024 | 2025 |
33/2 | Failure to complete mandatory registration procedures within the prescribed time despite being warned by the registry director | 12,288 Turkish Liras | 17,686 Turkish Liras |
38/1 | Making false declarations for registry and record | 24,607 Turkish Liras | 35,416 Turkish Liras |
51/2 | Failure to comply with the rules of using the trade name | 24,607 Turkish Liras | 35,416 Turkish Liras |
562/1/a, b,c,d,e,f | Non-compliance with obligations of keeping books and records | 49,276 Turkish Liras | 70,920 Turkish Liras |
562/2 | Violation of the obligation to prepare financial statements in accordance with Turkish Accounting Standards by natural and legal persons | 49,276 Turkish Liras | 70,920 Turkish Liras |
562/13/a | Failure to notify the Central Registration Institution regarding the shareholding before the delivery of bearer stocks. | 96,226 Turkish Liras | 138,498 Turkish Liras |
This document was drafted on 25.12.2024.
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