Limitation of spending limits for exporter associations
In the statement issued by the Ministry of Commerce, it was recalled that the purchase and sale of goods and services to be carried out by the Turkish Exporters Assembly (TIM) and the exporters’ unions are subject to the approval of the ministry, and an upper limit. It was taken to expenses because it was considered that there was an increase in some issues for which requests for approval of expenses were made.
In the announcement made by the Ministry, “The award ceremony, workshop, seminar, conference, symposium, summit, R&D project market, competition, design competition, design week, innovation week, week fashion etc It has been observed that there has been an increase in these issues and it has been decided to impose an upper limit on the expenses to be made on the aforementioned issues.
MAY NOT EXCEED 15% OF INCOME
In the continuation of the statement, “In this context, as of January 1, 2023, it is appropriate to determine that the total annual expenses that can be made for the aforementioned organizations will not exceed 10 percent of the income of the previous year and 15 percent of TİM’s previous year’s revenue.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
