Registration procedures

Mandatory Registration of Transactions Involving Commodities Subject to the Stock Exchange

The registration of transactions involving the purchase and sale of commodities (including import, export, and trading) subject to the stock exchange is mandatory, provided the transactions meet the minimum quantity requirements. For the registration to be completed, at least one of the buyer or seller must be registered with the stock exchange. The registration process must be completed within thirty days of the transaction date. If the registration requirement is not fulfilled within this period, the registration fee will be collected with a 50% surcharge. The registration fee is 0.2% of the net amount (excluding VAT). If the legal time limit is exceeded, a 50% late fee will be applied. No registration fee is charged for export registrations. The sales declaration is prepared in three copies.

Considerations During the Registration Process:

Considerations During the Registration Process:

Whether the declaration has been completed in accordance with the required procedures.The date of the transaction and the date the registration is being processed. Price verification to ensure the prices reflect current, accurate, and reasonable market values. Checking the signatures on the declaration to verify that they belong to authorized persons. If the trading company’s stocks are held by the stock exchange, verifying whether the stock is sufficient. If the stocks are not held by the stock exchange, verifying whether there are sufficient copies of the buyer documents from foreign exchanges related to these goods, and whether confirmation of the declaration has been obtained from these exchanges. Declarations are signed by the registration officer with a date and a registration number, and the registration fee is calculated and a receipt is issued.