Accounting Period
Article 12- (1) The accounting period of ……………………Branch/Representation in Turkey is for one calendar year. Accounting period start on 1st of January and ends on 31st of December. The accounting period starts on the allowed date and ends on 31st of December.
Annulment of the Permission for Opening Branch/Representation
Article 13- (1) when any implementation contrary to laws and relevant regulation are detected, the permission given to branch/representation is cancelled. Furthermore, if any act that constitutes crime is detected, this situation is reported to the public prosecutor’s office immediately.
Other Provisions-
Article 14- (1) Relevant provisions shall be implemented when no provision refers to any situation.