To determine whether you are within the scope of mandatory reporting as of 2024, the data for 2022 and 2023 must be examined.
Companies within the scope of the List of Entities Specified in the First Paragraph of Article 3 of the Board Decision and Subject to Thresholds will make the assessment on the basis of the information in their reports prepared under Turkish Accounting Standards.
Entities with subsidiaries and associates will calculate total assets and annual net sales as the sum of the items in the financial statements of the parent and the subsidiary (with intra-group transactions eliminated, if any), and the number of employees as the sum of the average numbers of employees of the parent and the subsidiary for the last two years. For associates, these amounts are taken into account in proportion to the interest held.
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This publication is for general information only and is not a substitute for professional advice.