With the amendment published in the Official Gazette dated 18.03.2022, the provision in the third paragraph of Article 9 of the Settlement Procedure Regulation No. 31542. which is “Where the investigation is continuing for at least one undertaking or association of undertakings, the reasoned final settlement decision is not notified to the settlement party before the final decision to be made at the end of the investigation is taken.” is repealed
Accordingly, the reasoned settlement decision is expected to be issued after the completion of the settlement process for each party without waiting for the termination of the investigation for all parties The payments regarding the administrative fines determined by the Board within the scope of the settlement decision must also be made after the reasoned settlement decision is notified to the parties. This procedural change is expected to apply to all parties that have already completed the settlement process as well.
(TCA,18.03.2022)
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NAZALI TAX & LEGAL |