SME Definition Updated

The net sales revenue or financial balance sheet limit, which is one of the necessary criteria for being an SME, was increased from 250 million TL to 500 million TL. The regulation change regarding the regulation was published in the Official Gazette.

With the regulation, the annual net sales revenue or financial balance sheet of micro enterprises with less than 10 employees was increased from 5 million TL to 10 million TL. Again, the limit for small businesses with less than 50 employees was increased from 50 million lira to 100 million lira. With the regulation, the upper limit for medium-sized enterprises with less than 250 employees was doubled from 250 million liras to 500 million liras.