Several Bill Proposals and Amendments Published in Official Gazette for Public Awareness
The Office of the Speaker of the TRNC published various bill proposals and amendments in the Official Gazette to inform the public.
These include the Proposal for Amendment to the Law on the Monthly Salaries (Wages) and Other Allowances of Public Employees, Amendment to the Law on Transport of Passengers and Goods by Motor Vehicles (Control), Amendment to the Law on Currency and Exchange, and the Draft Law on International Business Companies.
The proposals and amendments were made available for public awareness, allowing individuals and legal entities to submit their views and suggestions to the Office of the Speaker within 20 days from the date of publication.
Proposal for Amendment to the Law on the Monthly Salaries (Wages) and Other Allowances of Public Employees: This proposal addresses concerns related to individuals who were assigned positions in the public sector under the Privatization Law (Law No. 24/2012) before its enactment and who later became permanent public employees based on their success in an exam conducted by the Public Service Commission. The proposal seeks to provide these individuals with additional benefits for each completed year of service under certain conditions.
Amendment to the Law on Transport of Passengers and Goods by Motor Vehicles (Control): This amendment specifically addresses changes related to the fees for "Z" Rental Motor Vehicle operating permits. The fees for annual permits and permit renewal have been specified, along with penalties for delayed payments and lost permits.
Amendment to the Law on Currency and Exchange: This amendment aims to update and clarify the regulations related to currency exchange offices and their legal obligations. It introduces provisions for administrative fines for non-compliance and sets out the rules governing currency exchange services.
Draft Law on International Business Companies: This draft law is designed to promote economic sustainability by attracting international business companies to the TRNC. It outlines the establishment conditions, operational areas, rules, and regulatory aspects for international business companies operating within the TRNC.
The effective date for these legislative changes is proposed to be January 1, 2024. Interested parties are encouraged to review the proposals and provide feedback within the specified time frame.