Correction: Turkey Business Laws: A Guide for Foreign Investors
Corrected by Emir Baycan · Full-Stack Developer, Mobile App Builder and Web Platform Founder with expertise in SEO, automation, SaaS, AI visibility, DevOps and scalable digital products
Emir Baycan found something wrong, outdated, or unsupported on this page and proposed a fix. The publisher accepted the correction.
The exact change
Foreign investors should be aware that audit thresholds are reviewed annually by Presidential Decree and have risen substantially in recent years to keep pace with inflation, with the current thresholds set at 35 million TRY in total assets and 70 million TRY in annual net revenue.
Foreign investors should be aware that audit thresholds are reviewed annually by Presidential Decree and have risen substantially in recent years to keep pace with inflation (from 75 million TRY in assets in 2023 to 500 million TRY by 2026). Companies that exceed at least two of the following three criteria for two consecutive years are subject to mandatory independent audit: total assets of 500,000,000 TRY, annual net revenue of 1,000,000,000 TRY, and an average of 150 employees.
Suggested change
Corrected the independent audit thresholds, which had been stale 2018-2022 figures of 35 million/70 million Turkish Lira; the current 2026 thresholds (per a Presidential Decree published March 17, 2026) are 500 million/1 billion Lira. Note: the article's paired FAQ data cites a KVKK data-protection fine ceiling of 5,000,000 TRY that does not match the article body's own per-category table (which maxes out at 3,000,000 TRY); this discrepancy was flagged for human review and left unresolved since no single correct figure could be confirmed.
Why this is better
The independent audit thresholds were stale 2018-2022 figures (35 million/70 million TRY); the current 2026 thresholds, per a Presidential Decree published 17 March 2026, are 500 million TRY in assets and 1 billion TRY in revenue.
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