Ministry of Commerce export supports must be made with domestic expenditures TRY
The Ministry of Commerce export supports must be made with domestic expenditures TRY. Export Announcement of the determination of all expenditure documents (contract, invoice and payment document) in Turkish Lira regarding expenditures carried out at home in support programs.
T.C. Ministry of Commerce In an article from the Directorate General of Exports, under the "Decision on the Amendment to Resolution 32 on the Protection of the Value of Turkish Currency" of 12 September 2018; It is stated that all kinds of securities and real estate leases, including purchases, vehicles and financial leases made between residents in Turkey, the contract price in business, service and work contracts with leasing, and other payment obligations arising from these contracts cannot be agreed in foreign currency or foreign currency.
In the continuation of the article, it is necessary to determine in Turkish Lira all expenditure documents (contract, invoice and payment document) related to the expenditures carried out at home within the scope of the programs conducted within the scope of the General Directorate of Exports based on the "Decision of State Aids for Exports"; both the support application documents transmitted directly to the Ministry of Commerce by the General Secretariat of the Exporters' Unions Unions are partially or fully foreign currency. It is reported that the application for support will not be taken into consideration.
Source: BAIB
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