Legal AlertThe Mandatory Rate for The Sale of The Portion of Export Proceeds Linked to the Export Price Acceptance Certificate or Foreign Currency Purchase Certificate was Reduced from 30% to 25%.
An amendment was made to the Export Circular by the Ministry of Treasury and Finance with a letter dated January 3, 2022 and put into practice with Additional Article 1, regarding the sale of export proceeds to the Central Bank of the Republic of Turkey (“TCMB”) within the scope of the Ministry’s letter dated February...