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Turkey Announces Action Plan to Improve Transparency and Fight Corruption in 2016 to 2019
Turkey’s Prime Ministry has announced an action plan (“Action Plan”) for transparency and anti-corruption during the 2016 to 2019 period. The Action Plan... [Read More]
Turkey Enhances Regulatory Impact Assessment Framework for Considering Draft Laws and Regulations
Turkey has changed its legislative procedures for preparing regulations. A full regulatory impact assessment is required if the probably annual pecuniary effects of... [Read More]
Turkey Introduces New Legislative Regimes for Temporary Employment Arrangements and Remote Working
Turkey has introduced new legislation governing temporary employment arrangements. Companies must now employ temporary staff via private employment agencies (“Employment Agencies”). Restrictions are... [Read More]
Turkey Accedes to International Conventions For Protecting Children and Collecting Child Support
On 25 April 2016, Turkey acceded to the 1996 Convention on Jurisdiction, Applicable Law, Recognition, Enforcement and Co-Operation in Respect of Parental Responsibility... [Read More]
Turkey Publishes Details of Tax Exemption for young Entrepreneurs and Deduction for Commercial Income Determined via Simple Procedure
Turkey has published secondary legislation outlining details of new tax exemptions for young entrepreneurs and taxpayers whose commercial income is determined via simple... [Read More]
Turkey Ratifies World Trade Organization Trade Facilitation Agreement
Turkey has ratified a World Trade Organization (“WTO”) agreement establishing an international framework to reduce trade costs. Two thirds of WTO members must... [Read More]
Turkish Notary Association: Employment Transfer Agreements not Subject to Stamp Tax; Statutory Form Lease Agreement Not Necessary for Registry Annotation
The Turkish Notary Association made two announcements to clarify and amend notarial requirements. It declared that employment transfer agreements are no longer subject... [Read More]
Turkey Updates Legislative Framework for Extradition and Cooperation with Foreign Countries on Criminal Matters
Turkey has enacted a range of legislation regarding cooperation with foreign states on criminal matters, including criteria and procedures for making and executing... [Read More]
Turkey Co-Founds Asian Infrastructure Investment Bank Project
Turkey has ratified the foundation of the Asian Infrastructure Investment Bank (“AIIB”) into local law as one of the project’s co-founders. The AIIB... [Read More]
Tax Exemption Introduced for Software Which is Electronically Exported From Turkey
Turkey has introduced an income tax exemption for employees in free trade zones who prepare software which is exported from Turkey via electronic... [Read More]
Turkey’s Energy Regulator Updates Template Agreements for Use and Connection to the Electricity Distribution System
Turkey’s Energy Market Regulatory Authority (“Authority”) has updated and amended certain elements of the template agreements for use and connection to the electricity... [Read More]
Turkey Announces Arrangements and Grace Periods for Tax Obligations Which Fall on 1 July 2016 to 20 July 2016
Turkey has announced details of arrangements for tax obligations which fall during a fiscal holiday, running from 1 July 2016 to 20 July... [Read More]
