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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]
Turkey’s Banking Legislation Found Compliant with International Basel III Standards
Turkey’s banking legislation has been found to comply with the Third Basel Accord requirements related to risk-based capital and liquidity coverage ratio standards.... [Read More]
OECD Report Names Turkey as Second Largest Source Economy for Counterfeit and Pirated Goods
The 2016 Report on Trade in Counterfeit and Pirated Goods (“Report”) was published on 18 April 2016 by the Organization for Economic Co-operation... [Read More]
Turkish Constitutional Court: 99 Year Easement Does Not Violate Property Rights
Turkey’s Constitutional Court recently ruled that a 99 year administrative easement does not breach property owners’ constitutional property rights. A lower court escalated... [Read More]
Turkey Tightens Regulator Oversight and Powers to Terminate Licenses for Games of Chance
Turkey has amended regulations regarding games of chance, as well as related license agreements. Changes apply to exclusivity of licenses and restrictions on... [Read More]
Turkey Streamlines Financial Reporting for Investment and Real Estate Investment Funds
Turkey has introduced new preparation and disclosure requirements for financial reports by investment funds, as well as a complete exemption for foreign investment... [Read More]
Turkey Ratifies Supervisory Authority and Transborder Data Flow Aspects of the International Convention on Automatic Processing of Personal Data
In 1981, Turkey signed the Convention for the Protection of Individuals with Regard to Automatic Processing of Personal Data (“Convention”) at Strasbourg. In... [Read More]
