The Communiqué on the Increase in the Lower Limit of Administrative Fines to be effective between 1 January 2024 and 31 December 2024 as stipulated under the first paragraph of Article 16 of the Law on the Protection of Competition (“Communiqué“) issued by the Competition Authority, has been published in the Official Gazette dated 20 December 2023 and numbered 32405. With the Communiqué published in the Official Gazette dated 20 December 2023 and numbered 32405 with the Communiqué number 2024/1, the administrative fine stipulated in Article 16 of the Law on the Protection of Competition No. 4054 (the “Law”) has been determined as TRY 167,473 to be valid from 1 January 2024 to 31 December 2024, based on an increase of 58.46%. Article 16 of the Law imposes administrative fines on natural and legal persons who are undertakings, associations of undertakings or members of such associations:
You can access the Communiqué through this link. (Only in Turkish) |