The penalty amount for irregular practices in trade has been increased to 482,000 TL.

27.02.2025 10:44

The Law No. 7542, which includes changes to TÜBİTAK's scholarship and support mechanisms and increases incentives for SMEs, has been published in the Official Gazette. The new regulations also foresee increases in administrative fines.

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The Law No. 7542, which includes some regulations related to the Scientific and Technological Research Council of Turkey (TÜBİTAK) and amends various laws, has been published in the Official Gazette. The new regulations strengthen TÜBİTAK's scholarship and support mechanisms while also increasing incentives for small and medium-sized enterprises (SMEs).

"The Law on Some Regulations Regarding the Scientific and Technological Research Council of Turkey and Amending Some Laws" has been published in the Official Gazette.

482 THOUSAND 204 LIRA FINE

The first paragraph of Article 6 of the Law No. 1705 on the Prohibition of Adulteration in Trade and the Supervision and Protection of Exports, which was annulled by the Constitutional Court, has been re-regulated. With the regulation; administrative fines ranging from 12,020 TL to 482,204 TL will be imposed on real and legal persons who act contrary to service, inspection, maintenance, and control activities. With the new regulation added to Law No. 278, TÜBİTAK will have the authority to grant scholarships to young people who demonstrate outstanding success without being subject to the Law on Scholarships and Loans for Higher Education Students. In addition, the TÜBİTAK Board of Directors has been granted the authority to make decisions up to 250,000 TL in disputes arising between public institutions, legal entities, and individuals.

TAX EXEMPTION AND FINANCIAL REGULATIONS

With the changes made, TÜBİTAK's revenues, facilities, and buildings have been exempted from various taxes. Significant regulations have also been made regarding the salaries to be paid to the institution's personnel, creating a comparable system with employees covered by collective bargaining agreements. The Board of Directors will have the authority to determine performance criteria related to these payments.

NEW SUPPORT MECHANISM FOR SMEs

New revenue sources have been defined for the Small and Medium Enterprises Development and Support Administration (KOSGEB) within the scope of the law. A certain percentage of the annual profits of public banks will be allocated, and special appropriations will be allocated to the budget of the Ministry of Industry and Technology. In addition, KOSGEB's authority to collect information and conduct analysis for businesses has been expanded.

INCREASE IN ADMINISTRATIVE FINES

Regulations have also been made in the Law No. 3516 on Weights and Measures. With the law; it increases administrative fines for those who act contrary to the legislation related to weights and measuring instruments. Accordingly, fines ranging from 5,000 TL to 50,000 TL may be imposed on those who do not comply with the inspection and adjustment processes of measuring instruments.