Micro Small and Medium Enterprises Redefined

2023-06-12 Reference source : Official Newspaper

The SME rule was modified on May 25th, 2023 to change the definition of micro, small, and medium firms to reflect the value alter of the Turkish lira in recent years. The revised criteria may have an impact on enterprises who have previously designated themselves as SMEs, modifying the official costs associated with their business size for KKDIK registration.

The Ministry of Environment, Urbanization, and Climate Change of Turkey is requesting a signed SME declaration from registrants if they have previously classified themselves as SMEs. It is critical to check with the new definitions to see if the firm is still meeting the former definitions. As a consequence, throughout the KKDIK registration procedure, you might finish your fee payments in line with the size of the firm.

The new criteria under SME legislation can be found here:

	Criteria set by SME Regulation of Turkey
Year 2023	Large Size		Medium Size		Small Size		Micro Size
	Head Count > 250	Annual Net Revenue or Financial Balance > 500 million ₺	Head Count < 250	Annual Net Revenue or Financial Balance ≤ 500 million ₺	Head Count < 50	Annual Net Revenue or Financial Balance ≤ 100 million ₺	Head Count < 10	Annual Net Revenue or Financial Balance ≤ 10 million ₺

It is important to check with the new definitions to see if the previous definitions are still met by the company. Therefore, companies could complete their fee payments according to the size of the business during the KKDIK registration process.

We acknowledge that the above information has been compiled from Official Newspaper.

<< PREVIOUS BACK NEXT >>

News Details

Micro Small and Medium Enterprises Redefined

Subscribe To Newsletter