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Turkey Introduces Rules for Trade Repositories, Including Operation, Practices and Audit Principles

Turkey’s Capital Markets Board (“Board”) has announced new rules for Trade Repositories, including new obligations, activity principles, as well as new rules for... [Read More]

Turkey Introduces Mechanism Enabling Taxpayers Subject to Special VAT Principles to Revert to General Principles

Turkey’s Ministry of Treasury and Finance has introduced a redemption mechanism for certain taxpayers which are subject to special VAT principles due to... [Read More]

Turkey Updated Rules for Distributing Advance Dividends

Turkey has made changes to its calculation and distribution rules for advance dividends. Changes apply to advanced dividends for joint-stock companies (not subject... [Read More]

Turkey Reduces Financial and Investment Thresholds for Acquiring Turkish Citizenship

Turkey has reduced the financial and investment thresholds required for foreigners to acquire Turkish citizenship. The new thresholds apply from 19 September 2018.... [Read More]

Turkey Announces Further Exemptions from Registering with the Data Controller Registry and Publishes New Rulings on Processing Personal Data

Turkey’s Data Protection Board (“Board”) has extended the scope of data controllers which are exempt from registering with the Data Controllers Registry (“Registry”),... [Read More]

Turkey Amends the Rules Allowing Central Bank to Monitor Transactions Which Impact Foreign Exchange Positions

urkey has amended rules for the Central Bank to collect information and documents from firms, allowing it to monitor transactions which affect an... [Read More]

Turkey Introduces Rules Requiring Export Proceeds to be Repatriated Within Certain Timeframes

Turkey has introduced new rules to protect the value of its currency, aimed at ensuring profits from export transactions between 4 September 2018... [Read More]

Turkey Increases Interest Rate Caps for Credit Card Transactions

Turkey has increased maximum interest rates for credit card transactions, allowing banks to charge higher interest rates. From 1 October 2018, the maximum... [Read More]

Turkey Introduces Principles and Procedures for Capital Loss and Financial Distress

Turkey’s Ministry of Trade has issued a communiqué outlining principles and procedures for companies with share capital to follow in cases of capital... [Read More]

Turkey Announces Further Details and Exemptions for Currency Controls on Foreign Currency Contracts

Turkey has announced further details, exemptions and clarifications for recently introduced rules restricting foreign currency or foreign currency indexed payment obligations in contracts... [Read More]

Turkey Caps Instalment Payment Schemes for Retail Sales

Turkey has capped the instalment payment period for retail goods and services at maximum 12 months, with lower caps for certain types of... [Read More]

Turkey Lowers the Maximum Period for Consumer Loans, Plus Credit Card Instalment Schemes

Turkey’s Banking Regulatory and Supervisory Authority (“Authority”) has lowered the cap on consumer loans. Accordingly, from 1 September 2018, the maximum term for... [Read More]
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