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Turkey Announces Rules for Use of Fluorinated Greenhouse Gases Listed in Kyoto Protocol
Turkey has introduced procedures and principles for use of fluorinated greenhouse gases, supporting the fight against climate change. The new regime addresses fluorinated... [Read More]
Turkey Loosens Rules for Bank Spin-Offs
Turkey has loosened its rules for bank spin-offs, introducing a new distinction for partial spin-offs and excluding these transactions from the scope of... [Read More]
Turkey Updates Tax Procedures, Introducing Electronic Notification
Turkey has introduced a range of changes to Tax Procedural Law number 213 (“Law”). The amendments relate to requirements for taxpayer addresses, procedures... [Read More]
Turkey Announces Details of Certification Scheme for Geographical Indications and Traditional Cultural Specialities
Turkey recently announced a goods certification scheme for geographical indications and traditional cultural specialties with the Industrial Property Law number 6769 (“Law”). The... [Read More]
Turkey Updates Rules for Electricity Licenses, Along with Data and Share Transfer Provisions
Turkey has updated electricity legislation relating to calculation of guarantee amounts, reporting obligations, prohibition of share transfers, as well as notification obligations during... [Read More]
Turkey Overhauls VAT Regime, Introducing VAT Liability for Electronic Services Provided to Recipients Outside Turkey
Turkey has made a series of amendments to its VAT regime, introducing new liabilities, as well as exemptions. Notably, VAT will now apply... [Read More]
Turkey Updates Rules For Ancillary Services in Electricity Market
Turkey has updated the regulatory regime related to the ancillary services necessary to ensure safe operation and quality standards for electricity transmission and... [Read More]
Turkey Launches Online Compilation Scheme for Electronic and Physical Publications
With the Amendment to the Regulation on Compilation of Reproduced Intellectual and Artistic works (“Regulation”), published on 20 December 2017 and entering into... [Read More]
Turkey’s Data Protection Board Orders Phone Directories to Cease Unlawful Data Processing, Plus Announces Obligations to Maintain Data Security at Service Counters, Box-offices and Desks
Turkey’s Personal Data Protection Board (“Board”), has adopted and published two important rulings. These address protection of personal data in websites/applications that provide... [Read More]
WIPO Releases 2017 Report Detailing Global Intellectual Property Activity
The World Intellectual Property Organization (“WIPO”) has released its 2017 World Intellectual Property Indicators Report (“Report”) outlining territorial rankings on global intellectual property... [Read More]
The Lower Limit for Administrative Fines Relating to Competition Law Infringements Increase 14.47% for 2018 in Turkey
The lower limit for Administrative Fines under the Law on the Protection of Competition number 4054 has increased by 14.47% for 2018, from... [Read More]
Turkey Announces 2018 Default Interest Rate for Late Payments to Creditors Regarding Commercial Goods and Services
Turkey’s Central Bank has determined the default interest rate as 10.75% for late payments made to creditors in the context of commercial transactions... [Read More]
