New message about TL contracts instead of foreign currency



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Message on message change no. 32 on the protection of the value of the Turkish currency was published in the Official Journal. Article 8 of this Communication was amended by the principles of conversion of contracts indexed into foreign and foreign currency indices in the TL.

Accordingly, persons with permanent residence in Turkey will conclude with each other; they will not settle the contractual prices and other payment obligations arising from these contracts in real estate, including residential and commercial buildings on roofs, including housing and sheltered jobs, in terms of currency or indexed foreign currency.

PERSONS WITHOUT DIRECT CITIZENSHIP
Citizenship of the Republic of Turkey does not reside in Turkey or in permanent residence in Turkey and abroad; determine the contract price and other payment obligations arising from these agreements in a foreign currency or a foreign currency indexed in the sale of real estate and real estate leasing agreements as a buyer or lessee.

Hotels and pensions, approved by the Ministry of Culture, can be rented in a foreign currency
In the case of leasing contracts for the lease of accommodation facilities for the operation of certified accommodation by the Ministry of Culture and Tourism, the contract price and other payment obligations arising from these agreements may be determined in a foreign currency or indexed foreign currency.

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The Regulation allows the determination of the contract price and other payment obligations arising from these contracts, in a foreign currency or in conditions that are indexed in a foreign currency, in the leasing of duty-free shops.

Residents in Turkey will conclude with each other; they will not be able to determine contractual prices and other payment obligations arising from these contracts, as foreign indexed or foreign indexed.

Residents in Turkey will conclude with each other; are included in contracts for the provision of services of foreign nationals, exports, transit trade, the export of counted sales and the supply of foreign exchange earnings of services and is in accordance with service contracts, service contracts in the framework of activities carried out abroad, ending abroad , started in Turkey, starting abroad Turkey In service contracts, including the termination of service contracts that cease or are canceled abroad or terminate abroad, service contracts, including through brokering and transportation, will not be possible to determine contractual prices and other payment obligations arising from these contracts, such as indexed in a foreign currency or a foreign currency.
The contractual price and other payment obligations arising from these contracts in the context of foreign exchange contracts may be determined by reference to a foreign currency or an indexed foreign currency.

SALE OF SECRETARIATS AND RENTAL ORDERS
The contract price and other payment obligations arising from agreements and leases not included in contracts for the sale and rental of a vehicle may be determined in a foreign currency or in a foreign currency that is indexed.

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The exception was hardware and software manufactured abroad

Together with the Communiqué, sales contracts were concluded for software produced abroad in the context of information technologies and licenses and services related to hardware and software manufactured abroad, and other payment obligations arising from these contracts, to index in foreign currency or in foreign currency.

The charter contracts for ships may decide on the value of the contract and other payment obligations arising from these agreements in respect of a foreign currency or indexed foreign currency. Lease agreements will be able to determine the price in foreign currency.

citizenship in the Republic of Turkey is not a party to the employment contract of persons residing in Turkey, the value of the contract and in foreign currency or other payment obligations arising from this contract may be designated as indexed to a foreign currency.

In contracts other than the sale of immovable property and the rental of real estate owned by public institutions or the Turkish Armed Forces Foundation, the contract price and other payment obligations arising from these contracts may be determined in a foreign currency or indexed foreign currency.

Within the framework of projects to be carried out under contracts, contracts and international contracts implemented by public institutions and organizations in connection with foreign exchange or currency contracts; Contractors or contracting companies and parties with whom they have signed a contract will be concluded with third parties or will be concluded under these projects, in contracts other than contracts for the sale of real estate and employment contracts, the contract price and other payment obligations arising from these contracts may be designated as currencies in foreign currency or indexed in foreign currency.

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Transaction contracts implemented under the Public Finance Act and the Debt Management Regulation; contractual price and other payment obligations arising from these contracts may be determined in a foreign currency or indexed foreign currency. In relation to these transactions, it will be possible to determine the contract price and other payment obligations arising from these contracts in a foreign currency or in currencies that are indexed.

EXCEPT IN THE INSTRUMENT ON THE MARKET CAPITAL
Capital market instruments (including instruments in the foreign capital market and certificates of warehouses and shares of foreign investment funds), foreign currency formation, export, purchase and sale of transaction-related liabilities may be decided against the foreign currency.

Outside the population in Turkey; a contract, a liaison office, a liaison office, directly or indirectly more than fifty percent ownership of the ownership or control and / or control companies in companies in a free zone in the framework of activities in a free zone as an employer or a service area as a contracting party for work and services, contract and other payment obligations arising from these agreements may be determined in a foreign currency or indexed foreign currency.

a chartered commercial airline in Turkey, air transport, motors and technical guardians of undertakings for their parts operating as operating a groundhandling airport service field or with the status of a public or private legal entity in organizations and undertakings provided by the said organizations, authorized and partnerships , by which companies have at least fifty shares in their capital, directly or indirectly; including the sale of real estate in Turkey are residents in foreign currency or in foreign currencies, indexed costs, real estate and business contracts, except that they will be able to conclude contracts.

The contractual prices and other payment obligations arising from these agreements can not be determined by reference to a foreign currency or a foreign currency indexed under contracts on transferable foreign currencies. However, the exception will be the documents examined to the extent that were organized before the date of entry into force of the amendment and were published.

abroad by residents in Turkey; branches, agencies, offices, liaison offices, means of operation and management, directly or indirectly more than fifty percent of the ownership of the company will be assessed not built in Turkey. However, if the contract is performed abroad, it will be assessed with an exception.

The contractual price and other payment obligations arising from these contracts will have to be redefined by the parties as a Turkish lira for costs included in contracts that can not be decided in terms of foreign currencies or indexed foreign exchange.

2 JANUARY 2018 SECOND BASE

If the parties do not agree on the determination of the Turkish lira in contracts included in contracts that can not be decided in terms of foreign exchange or foreign exchange index; The effective exchange rate of the Central Bank on 2 January will be taken into account when converting the exchange rate into contracts concluded before 2 January 2018 in the TL. If the parties agree, they will be able to switch to TL at different prices. Newly named costs will be Turkey's annual statistical institute (TUIK), the consumer price index (CPI) needs to be updated in line with the increase.

After understanding the rent at a price

Pursuant to Article 8 of the Rules, contracts for the rental of dwellings and roofs at the workplace concluded before the date of entry into force of foreign exchange or foreign exchange indexed in a two-year period are laid down as a Turkish lyra. However, for the year that is effective from the end of the rental year in which it is designated as a Turkish lira; If the amount of the rent is fixed because it is not possible to reach the Turkish lira, by the end of the year of lease

TurkStat will be determined with a monthly increase based on the monthly rate of change set for each month (CPI).
If the parties can not agree on the next year of the lease, the Turkish lira will be in force until the end of the two-year period.

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