The Law No. 7033 on the Amendment of Certain Laws and Decree-Laws for the
Development of Industry and Support of Production, which was recently published in the
Official Gazette, and the Law No. 394 on Weekly Holidays have been repealed. Thus, the
obligation of industrial enterprises to obtain a weekend working license from municipalities in
order to work on weekends every year is abolished.

The definition of industrialist in the Industrial Registry Law has been restructured, and
enterprises producing information technology and software have also been included in the
definition of Industrialist.

A pre-registration system is introduced in order to monitor newly established industrial
enterprises and to inform them about their obligations before starting production activities.
Industrial enterprises will be registered in the industrial registry to be kept in the Ministry of
Science, Industry and Technology, and will pre-register in the industrial registry before
starting production activities.

Registration procedures will be carried out electronically, and the obligation to send
declarations by hand or by mail will be removed.

Industrial enterprises that are found not to be registered in the industrial registry are subject to
administrative fines for those who do not register in the industrial registry in due time.
Administrative fines will be imposed on industrial enterprises that do not register in the
industrial registry, regardless of whether they are in operation or not.

EXEMPTION FROM TAXES

In order to reduce the investment cost in the investments to be made by the enterprises in
organized industrial zones, free zones, industrial zones, technology development zones and
industrial sites, stamp duty will not be charged on the contracts and undertakings regarding
the allocation of the lands in these zones.

Again, the transactions that require annotation due to the allocation of the lands in these
regions, the transfer and registration of this land and the buildings built on it to those allocated
in accordance with the allocation agreements, and the transactions of changing the type of the
buildings built on this land will be exempt from fees.

Businesses' buildings in these areas will be exempted from property tax.

For the Relevant Legislative Text, See:
http://www.resmigazete.gov.tr/main.aspx?home=http://www.resmigazete.gov.tr/eskiler/2017/
07/20170703.htm&main=http://www.resmigazete.gov.tr/eskiler/2017/07/20170703.htm