Turkish Trade Monitor

Official Gazette Digest • December 2025
Economic Data & Statistics

2026 Minimum Wage: +27%

The government announced the 2026 minimum wage: net ₺28,075/month (gross ₺33,030), a 27% increase effective January 1, 2026. Employer support payments rise from ₺1,000 to ₺1,270.

TTL INSIGHT: Factor this into your 2026 labor cost projections. Over one-third of Turkey's workforce earns minimum wage, so this impacts salary benchmarks across all levels.
Economic Data & Statistics

Central Bank Cuts Rate to 38%

The CBRT reduced its policy rate by 150bps to 38% in December—the fourth consecutive cut. November inflation came in at 31.07%, below expectations.

TTL INSIGHT: Lower rates signal easing financial conditions. If you're considering financing for investments, monitor the rate trajectory into Q1 2026.
Finance & Tax

Turkey-Hong Kong Double Tax Treaty

Law No. 7569 approves the Double Taxation Agreement with Hong Kong, signed September 2024. The treaty covers income taxes and includes provisions against tax evasion.

TTL INSIGHT: Hong Kong-based investors and businesses with Turkish operations can now benefit from reduced withholding rates and clearer tax treatment.
Trade & Investment

Turkey-Hong Kong Bilateral Investment Treaty

Decision No. 10796 (Dec 31) ratifies the Investment Promotion and Protection Agreement with Hong Kong, signed in Ankara (June 2023) and Hong Kong (October 2023). Law No. 7570 approved the treaty.

TTL INSIGHT: This BIT complements the Double Tax Treaty (Law 7569) announced earlier this month. Hong Kong investors in Turkey now have both investment protection guarantees (fair treatment, expropriation compensation, dispute arbitration) and tax treaty benefits—a significant upgrade for cross-border investment structuring.
Finance & Tax

Law 7566: Major Tax & Fee Overhaul

The omnibus tax law introduces significant changes:

  • Property tax: Values capped at 2x 2025 levels for 2026-2029
  • Vehicle transfers: New 0.2% fee (minimum ₺1,000)
  • Annual license fees: Jewelry (₺30K), Real estate agents (₺20K), Used car dealers (₺20K), Private clinics (₺10-50K)
  • Social security: Service borrowing rate increased from 32% to 45%
TTL INSIGHT: Budget for new licensing costs if you operate in jewelry, real estate, or automotive sectors. The property tax ceiling provides temporary relief for real estate investors.
Trade & Investment

Short-Term Rental Ads Now Require License

A new communiqué (Dec 31) bans online advertising of unlicensed short-term rentals and accommodations. Key requirements:

  • All listings (Airbnb, Booking.com, etc.) must display a verified license number from the Ministry database
  • Platforms must verify license numbers before publishing ads
  • 24-hour removal rule: Non-compliant ads must be removed within 24 hours or platforms face penalties
  • Per-listing fines apply for each unlicensed advertisement
TTL INSIGHT: Foreign investors planning to rent residential property on Airbnb-style platforms must now obtain a short-term rental license —requiring 2/3 approval from apartment building co-owners plus municipal permit. Unlicensed listings will be removed and fined. Factor this into your real estate investment strategy.
Finance & Tax

Consumer Arbitration Threshold: ₺186,000

For 2026, consumer disputes under ₺186,000 go to Consumer Arbitration Boards (Tüketici Hakem Heyetleri) instead of courts.

TTL INSIGHT: For commercial disputes with consumers, this higher threshold means more cases resolved through arbitration—faster but with limited appeal options.
Finance & Tax

TTK 376 FX Loss Exception Extended

Companies can exclude unrealized foreign currency losses from capital adequacy calculations under Turkish Commercial Code Article 376 until January 1, 2027 (extended from 2026).

TTL INSIGHT: Foreign-currency borrowers get another year of relief. Use this time to restructure FX exposure or build equity buffers.
Trade & Investment

Turkey-Maldives Preferential Trade Agreement

Decision No. 10693 ratifies the Turkey-Maldives PTA signed November 2024. Turkey offers tariff reductions on seafood; Maldives on food products, construction materials, and electronics.

TTL INSIGHT: Niche opportunity for Turkish exporters in construction and consumer goods sectors targeting the Maldivian market.
Trade & Investment

Belarus Visa Protocol Updated

Transport sector personnel (truck, bus, train, ship, aircraft crews) now qualify for visa-free stays up to 90 days within 180-day periods for transit and temporary entry.

TTL INSIGHT: Logistics companies operating Turkey-Belarus routes benefit from simplified crew mobility.
Trade & Investment

China Visa Exemption: Effective January 2

Decision No. 10798 grants visa-free entry to Chinese citizens holding ordinary passports. Effective January 2, 2026:

  • 90 days per 180-day period
  • Valid for tourism and transit
TTL INSIGHT: Combined with the new Hong Kong Double Tax Treaty and Bilateral Investment Treaty, Turkey has rolled out a comprehensive package for Chinese/HK investors. Visa-free access removes a key friction point—expect increased Chinese investment interest in Turkish real estate, manufacturing, and tourism sectors.
Data Privacy (KVKK)

KVKK Publishes Generative AI Guidelines

The Turkish Data Protection Authority released its "Generative AI and Personal Data Protection Guidelines", addressing cross-border transfers, legal bases, data subject rights, and compliance principles for AI systems.

TTL INSIGHT: If your company uses AI tools (ChatGPT, copilots, chatbots) processing customer or employee data in Turkey, review these guidelines to assess compliance obligations.
Data Privacy (KVKK)

Hotels Banned from Photocopying IDs

KVKK ruled that accommodation facilities cannot photocopy guests' identity documents. Hotels may only view IDs and record limited data (name, TC number, dates). Existing photocopies must be destroyed.

TTL INSIGHT: Hospitality investors should update check-in procedures immediately to avoid administrative penalties.
Data Privacy (KVKK)

2026 KVKK Fines: +25.49%

Administrative penalties under KVKK increase by 25.49% from January 2026, per the official revaluation rate.

TTL INSIGHT: Non-compliance is getting more expensive. Review your data protection practices now.
Data Privacy (KVKK)

Health Data Regulation Amended

The Personal Health Data Regulation now includes:

  • Clearer rules on physician access to patient records via e-Nabız
  • SMS verification for accessing restricted health data
  • Custody arrangements for children's health records post-divorce
  • Caregiver access for disabled individuals
TTL INSIGHT: Healthcare sector businesses should update data access policies and patient consent procedures.
Data Privacy (KVKK)

EU Extends UK Data Adequacy (6 Years)

The European Commission renewed UK adequacy decisions under GDPR until December 2031, ensuring uninterrupted EU-UK data flows.

TTL INSIGHT: Turkish businesses with EU and UK operations can continue current data transfer arrangements.
Data Privacy (KVKK)

Court Awards ₺100K for Bank's Data Breach

Istanbul Commercial Court ruled a bank violated KVKK by disclosing excessive customer data in court proceedings. ₺100,000 in damages awarded.

TTL INSIGHT: Data minimization applies in litigation too. Coordinate legal and compliance teams on document productions.

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Disclaimer: This bulletin is prepared for informational purposes only and does not constitute legal advice. The content is based on publicly available sources and may not reflect the most current legal developments. For specific legal matters, please consult with a qualified attorney. Turkish Trade Lawyers assumes no liability for actions taken based on this information.