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Lawyers Latif Aktaş

Latif Aktaş

Latif Aktaş

Gün + Partners
[email protected]
BIOGRAPHY
INSIGHTS

Practice Areas & Work Department

Corporate and M&A

Data Protection and Privacy

Business Crimes and Anti-Corruption

Competition

Technology, Media and Telecom


Languages

English

French

Turkish


Memberships

Istanbul Bar Association

Galatasaray Alumni Association

Extension of the Deadline Regarding Amendments to the Communiqué With Respect to Capital Loss and Negative Equity

The Amending Communiqué, published on November 8, 2022, extends the deadline under Provisional Article 1 of the Implementation Communiqué for Turkish Commercial Code No. 6101. The deadline to exclude certain loss items from capital loss or negative equity calculations is now January 1, 2024. This temporary measure helps protect economic actors from the impact of the Covid-19 pandemic. Eligible companies can exclude all foreign exchange losses and half of specific expenses from capital loss and negative equity calculations until the end of the fiscal year 2023.
Görkem Bilgin
Latif Aktaş
18.12.2022

Recent Changes in Relation to Determination of Companies Subject to Independent Auditing

Presidential Decision No. 6434 introduces significant changes to independent auditing thresholds for Turkish companies, effective from January 1, 2023. The updated criteria raise financial limits, which could reduce the number of companies requiring independent auditing, but also make employee number conditions more inclusive for certain companies. The decision impacts publicly-traded companies, Annex-II companies, and those listed in Annex-I, including financial institutions and media service providers. Companies should closely monitor the new thresholds to ensure compliance with independent auditing requirements.
Görkem Bilgin
Latif Aktaş
18.12.2022
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