What is registration, and why is it required?
- Registration is the official recording by the Commodity Exchange of purchase and sale transactions involving commodities subject to commodity exchange registration.
- It formalises and records the transaction.
- It contributes to price determination and orderly market functioning.
What is the Quotation List? What is a product subject to quotation?
The Quotation List specifies the products officially subject to Commodity Exchange registration and their minimum quantities. When the minimum quantity for a listed product is exceeded, registration becomes mandatory.
Which transactions are subject to registration?
For products subject to quotation, the following transactions must be registered when the minimum quantity is exceeded:
- Purchases from producers
- Purchases from domestic companies
- Purchases through importation
- Sales to domestic companies
- Sales through exportation
Which Templates Are Used for Registration Applications?
| Document Type | Template |
|---|---|
| Producer Receipts | Detailed Producer List (Agricultural-Animal Products) |
| Sales Invoices | Detailed Invoiced Sales List |
| Exports | Detailed Export List |
When Must Purchases from Producers Be Registered at the Latest?
Documents relating to purchases from producers must be registered by the 26th day of the month following the month in which they were issued.
What Should Be Done If the Withholding Tax Return Period Has Expired?
If the deadline is exceeded, the withholding tax return must be amended, and the withholding tax must be reassessed and paid.
What Happens If More Than 30 Days Have Passed Since the Date of the Producer Receipt or Invoice?
If more than 30 days have passed since the date of the producer receipt or invoice, a 50% late fee is added to the registration fee as required by law.
What Rules Apply When Preparing the Producer List?
- The list must cover only one reporting period.
- Producer receipts must be sorted in ascending order by date and number.
- It must comply with the template published on our website.
How Is the Registration Fee for Producer Purchases Calculated? Is There an Upper Limit?
Formula: Producer Receipt Registration Fee = (Gross Amount − Withholding Tax − Bağ-Kur) / 1000
- The maximum registration fee charged per producer receipt is TRY 5,000.00.
How Is the Invoice Registration Fee Calculated? What Is the Limit per Invoice?
Formula: Invoice Registration Fee = Amount Excluding VAT / 1000
- The maximum registration fee charged per invoice is TRY 5,000.00.
Is a Fee Charged for Export Transactions?
No. No fee is charged for export registration transactions.
Where Is the Registration Fee Paid?
İzmir Commodity Exchange Bank Details
| Field | Information |
|---|---|
| Bank Name | T.C. Ziraat Bankası |
| Branch Name | İzmir Branch |
| Branch Code | 137 |
| Account Number | 137-38178554-5111 |
| IBAN | TR670001000137381785545111 |
The company name and the phrase "registration fee" must be included in the payment description.
What Are the Contact Channels?
- Email: [email protected]
- Telephone: 0232 481 11 73-74-75-77
- WhatsApp: 0 531 885 81 22
