Dear Member,

In the letter dated 04.11.2025 and numbered 14220, sent to our Chamber from the Union of Chambers and Commodity Exchanges of Türkiye,

The Union of Chambers and Commodity Exchanges of Turkey conveyed the hesitations of its members regarding whether inflation-adjusted or nominal values of "expenses, depreciation and personnel expenses arising from rentals accrued in 2020 and 2021" should be taken into account in the calculation of insolvency within the scope of Provisional Article 1 of the Communiqué on the Procedures and Principles Regarding the Implementation of Article 376 of the Turkish Commercial Code No. 6102 to the Ministry of Trade.

In the attached response of the Ministry of Trade (Directorate General of Domestic Trade), it has been evaluated that the financial statements with inflation adjustments applied may be taken into account in the calculations regarding the capital loss or insolvency of the companies that are obliged to apply inflation adjustments.

Best regards.