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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒          Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes ☐          No ☒

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes ☐          No ☒

 

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ☐          No ☒

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________

 

Enclosure: A press release dated January 30, 2018, regarding the restructuring within the scope of Law No.7061.

 

Announcement Regarding the Restructuring within the Scope of Law No.7061

Our Company’s Board of Directors has resolved the following within the scope of Provisional Article 13 added to the Telegraph and Telephone Law No.406 dated 4/2/1924 by Article 2 of the Law on the Amendment of Certain Tax Laws and Other Laws No. 7061 published in the Official Gazette dated December 5^th, 2017:

·

to restructure treasury share, universal service fund, Information and Communication Technologies Authority (ICTA) contribution share, administrative fees and radio fees which are in dispute and respective penalty, default interest and litigation costs regarding these disputes within the scope of clause 2,

·

to choose the method of increasing tax base stipulated in subparagraph (a) from the options stipulated in clause 3 in order to restructure treasury share, universal service fund, ICTA contribution share and administrative fees for the periods for which examination is ongoing or has not been yet initiated within the scope of clause 3.

The total amount, including principal and interest, calculated within the scope of clause 2 is TRY 363.0 million and within the scope of clause 3 is TRY 209.1 million. The payment will be made in 6 equal installments in two-month periods, starting from January 31^st, 2018. The total payment including interest on installments is TRY600.8 million. Upon completion of the payments, ongoing disputes in relation to treasury share, universal service fund, ICTA contribution share, administrative fees and radio fees and respective risks that could potentially arise limited to these issues for the periods prior to and as of December 31^st, 2017 will cease.

No provision was recognized in consolidated financial statements as of September 30^th, 2017 with respect to these issues. TRY 575.1 million provision will be booked in consolidated financials as of December 31^st, 2017 including the interest on installments and the impact of discount interest income. Our Company’s Board of Directors resolved that the negative impact of this provision amount will not be factored in the dividend proposal with respect to 2017 financial results.

For more information:

 

Turkcell Investor Relations

 

 

Tel: + 90 212 313 1888

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