Change In The Annual Financial Balance Sheet Total Criterion For The Exemption From Registration With The Turkish Data Controllers Registry (VERBIS)

YL
YAZICIOGLU Legal
Contributor
Yazıcıoğlu Legal is an Istanbul based boutique law firm. The firm has a strong focus on legal matters related to TMT, Data Protection, Corporate, Commercial matters and Dispute Resolution. The firm is ranked by The Legal 500 on IT and Telecoms and by Chambers and Partners on TMT.
As you may know, an exemption from the VERBIS registration requirement has been applied for data controllers residing in Turkey, whose main subject of activity is not processing of special categories of data...
Turkey Privacy
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As you may know, an exemption from the VERBIS registration requirement has been applied for data controllers residing in Turkey, whose main subject of activity is not processing of special categories of data, based on the criteria of annual financial balance sheet total and the annual number of employees.

The criterion of the "annual financial balance sheet total" for the exemption has now been changed by the decision of the Turkish Data Protection Authority, which was published in the Official Gazette today.

The previous and the updated exemption criteria are as follows.

Annual number of employees

(no change)

Annual financial balance sheet total

Previous exemption

Less than 50 (and)

Less than 25 million

Updated exemption

Less than 50 (and)

Less than 100 million


We would like to remind that this exemption is applicable only to data controllers residing in Turkey, but not to data controllers residing abroad.

Karar/Decision: https://www.resmigazete.gov.tr/eskiler/2023/07/20230725-5.pdf

Duyuru/Announcement: https://www.kvkk.gov.tr/Icerik/7646/Kamuoyu-Duyurusu-Veri- Sorumlulari-Siciline-Kayit-Yukumlulugune-Iliskin-Istisna-Kriterinde-Degisiklik-Yapilmasi- Hakkinda-

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Change In The Annual Financial Balance Sheet Total Criterion For The Exemption From Registration With The Turkish Data Controllers Registry (VERBIS)

Turkey Privacy
Contributor
Yazıcıoğlu Legal is an Istanbul based boutique law firm. The firm has a strong focus on legal matters related to TMT, Data Protection, Corporate, Commercial matters and Dispute Resolution. The firm is ranked by The Legal 500 on IT and Telecoms and by Chambers and Partners on TMT.
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