# Financial Regulation Advisory

> We track how constantly changing tax and commercial regulation affects your business, and keep your compliance processes current with those changes.

Source: https://sinemyavuz.com.tr/en/services/financial-regulation-advisory
Author: Sinem Yavuz, Certified Public Accountant (SMMM) — SMMM Sinem Yavuz: Finance, Accounting & Advisory Office

Turkish tax and commercial regulation is updated throughout the year through numerous communiqués, circulars, and legislative changes. Tracking these changes in real time simply isn't practical for a business owner focused on day-to-day operations.

## What's Included

**Regulatory tracking:** We regularly monitor changes to the Tax Procedure Law, Income Tax Law, Corporate Tax Law, and VAT Law, along with communiqués and circulars issued by the Revenue Administration.

**Impact analysis:** We assess how a new regulation will affect your sector or business model, and recommend early adjustments to your processes where needed.

**Turkish Commercial Code compliance:** We ensure your company meets its Commercial Code obligations — general assembly meetings, capital increases, share transfers — correctly and on time.

**Official applications and correspondence:** We manage required applications and correspondence with the tax office, chamber of commerce, or other official bodies on your behalf.

## Why It Matters

Non-compliance is often not a deliberate violation but a result of not knowing about a change. Working with an advisor who stays current on regulation significantly reduces the penalty risk that comes from this kind of information gap.

## How We Support This

We regularly assess regulatory changes that could affect our clients and communicate directly when something is relevant. This is a standing part of our monthly bookkeeping service.

## Who Is It For?

- Limited and joint-stock companies with Commercial Code obligations such as general assemblies, capital increases and share transfers
- Businesses whose ownership, address or line of business is changing
- Anyone who wants to understand the impact of a new communiqué or law change on their sector
- Businesses that need to handle formal correspondence with the tax office, trade registry or other authorities

## When a Different Route Is Needed

- Drafting commercial contracts and representation in legal disputes fall within the scope of legal services provided by lawyers.
- For companies subject to independent audit, the annual audit is carried out by an auditor authorised by the Public Oversight Authority (KGK).
- Structural transactions such as mergers, demergers and changes of legal form require the financial advisor, a lawyer and, where needed, an expert to work together.

## Frequently Asked Questions

### When must a limited company hold its ordinary general assembly?

The ordinary general assembly meets within 3 months of the end of each financial year (Turkish Commercial Code, Arts. 409 and 617). For companies using the calendar year, this means by the end of March at the latest. The general assembly approves the financial statements, releases the managers and decides on profit distribution.

### How are shares transferred in a limited company?

A transfer of capital shares must be made in writing with notarised signatures (Turkish Commercial Code, Art. 595). Unless the articles of association provide otherwise, the transfer becomes effective upon approval by the general assembly and is registered with the trade registry. The tax consequences (capital gain, stamp duty) are assessed separately based on the transfer price.

### I have changed my company address. Whom do I need to notify?

In capital companies, a change of address is registered with the trade registry. Under Article 157 of the Tax Procedure Law, the tax office must be notified within 1 month; registration through the trade registry is usually passed on to the tax office, but the inspection visit and record update should be followed up. The SGK workplace address is updated separately.

### Does my company need a KEP address and an e-Notification address?

Corporate taxpayers must join the Revenue Administration's e-Notification system under Article 107/A of the Tax Procedure Law. In addition, joint-stock and limited companies are required to obtain an electronic notification address under the Notification Law. An electronic notification is deemed served at the end of the 5th day after it reaches the address, so the inbox must be checked regularly.

### How is a capital increase carried out?

A capital increase requires a general assembly resolution amending the capital clause of the articles of association, which is then registered with the trade registry. A Competition Authority fee is paid on the increased amount. The increase can be made in cash, from internal resources (such as retained earnings) or by converting partners' receivables from the company into capital; each method has different tax and accounting consequences.