Turkey Business Laws: A Guide for Foreign Investors

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1. 14 July 2026 · corrected by Emir Baycan
   Before

   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.

   After

   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.

   Why: 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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1. Correction 14 July 2026

   Emir Baycan

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