Regarding the New SME Definition

Dear Member,
With reference to the letter sent to our Chamber by TOBB, with the amendment made in the Official Gazette dated 25 May 2023 and numbered 32201 to Article 5, titled "Classification of SMEs", of the "Regulation on Small and Medium-Sized Enterprises", the annual net sales revenue and financial balance sheet amounts have been changed.

With the amendment made to the said Regulation, enterprises whose annual net sales revenue or financial balance sheet amount does not exceed 10 million TL for Micro
enterprises, 100 million TL for Small Enterprises and 500 million TL for Medium Enterprises have been classified as SMEs.

On this occasion, the SME definition has been raised to 500 million TL as a result of the requests from our Chambers and Commodity Exchanges and the initiatives of our Union.

Annex: Regarding the New SME Definition

Kind regards,
Elazığ Chamber of Commerce and Industry