ARTICLE
13 February 2023

New Monetary Limits In The Healthcare Sector (Podcast)

EA
Esin Attorney Partnership

Contributor

Esin Attorney Partnership  logo
Esin Attorney Partnership, a member firm of Baker & McKenzie International, has long been a leading provider of legal services in the Turkish market. We have a total of nearly 140 staff, including over 90 lawyers, serving some of the largest Turkish and multinational corporations. Our clients benefit from on-the-ground assistance that reflects a deep understanding of the country's legal, regulatory and commercial practices, while also having access to the full-service, international and foreign law advice of the world's leading global law firm. We help our clients capture and optimize opportunities in Turkey's dynamic market, including the key growth areas of mergers and acquisitions, infrastructure development, private equity and real estate. In addition, we are one of the few firms that can offer services in areas such as compliance, tax, employment, and competition law — vital for companies doing business in Turkey.
In recent weeks, minimum salary has been increased pursuant to the decision of the Minimum Salary Determination Commission dated 1 July 2022, which was published in the Official Gazette...
Turkey Food, Drugs, Healthcare, Life Sciences

In recent weeks, minimum salary has been increased pursuant to the decision of the Minimum Salary Determination Commission dated 1 July 2022, which was published in the (secondary) Official Gazette dated 1 July 2022. Along with the increase in the minimum salary, the monetary limits set forth for the promotional activities of companies operating in the healthcare sector have also changed.

New Development

As of 1 July 2022, the net monthly minimum salary is TRY 5,500.35, whereas the gross amount is TRY 6,471. Accordingly, there has been an increase in the monetary limits that authorization/permit holders are subject to for promotional materials, value transfers and sponsorship activities in electronic scientific meetings as stipulated under the Guideline on the Application for Electronic Scientific Meetings and Electronic Product Promotion Meetings within the scope of the Regulation on Promotional Activities of Medicinal Products for Human Use and the Regulation on Promotional Activities of Medicinal Products for Human Use.

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.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More