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Turkey Updates Discount Methods for Undeclared VAT
Turkey’s Ministry of Finance has announced changes to the Value Added Tax (“VAT”) regime. Changes apply to discount methods for undeclared VAT. Undeclared... [Read More]
Public Consultation in Turkey Regarding Regulation Which Establishes Data Controller Register
Turkey’s Data Protection Authority (“Authority”) recently held a two week public consultation period on the details of draft legislation which establishes the Data... [Read More]
Turkey Updates Independent Auditors’ Obligation to Address Key Issues, Plus Rules for Agreements and Communication with Audited Companies
Turkey’s Public Oversight Accounting and Auditing Standards Authority has revised certain rules for independent auditors. Changes involve new responsibilities to address and evaluate... [Read More]
Turkey Updates Procedural Rules for Pre-Trial Settlement Negotiation Mechanism
The Turkish Bar Association has updated the rules for reconciliation negotiations. These are an alternative dispute resolution mechanism, available to parties before filing... [Read More]
Turkey Waives Stamp Tax on Certain Construction Sector Agreements, Plus Reduces Title Deed Fees and Government Deductions on Turkish Lira loans, Obtained from Abroad
Turkey has made a range of changes to taxes and fees. Stamp waiver is now waived for certain construction-related agreements and title deed... [Read More]
Turkey’s Constitutional Court: Property Owner’s Constitutional Rights Violated by Street Closure Causing Decrease in Rental Rate
Turkey’s Constitutional Court recently ruled that a property owner’s constitutional rights were violated by a failure to ensure a balance between public interests... [Read More]
Turkey Expands Scope of Government Investment Support Scheme, Introduces VAT Exemption for Software and Intangible Rights
Turkey has expanded the scope of its government investment support scheme. The changes exempt software and intangible rights from VAT, as well as... [Read More]
Turkish Patent and Trademark Office Releases Statistics for 2016 Intellectual Property Activity
The Turkish Patent and Trademark Office (“TPTO”) has released its annual report (“Report”), outlining 2016 statistics for patents, trademarks, industrial designs, utility models... [Read More]
Turkey Updates Rules and Procurement Processes for Petroleum Products
Turkey’s Energy Markets Regulatory Authority (“Authority”) has amended procurement principles for petroleum products from domestic and international sources, excluding fuel oil (“Petrol Products”).... [Read More]
Turkish Court Upholds Decision that Parties Cannot Amend Pleadings After a First-Degree Court’s Decision is Reversed
The Turkish Court of Cassation recently upheld a 1948 decision to the effect that parties cannot amend their pleadings after the first-degree court’s... [Read More]
Rules Tightened in Turkey for Identifying and Storing Information about Internet Users, Plus Filtering Criminal Content
Turkey has tightened rules for collective internet use providers, introducing more detailed requirements for filtering and monitoring internet users. Collective internet use providers... [Read More]
Turkey Revises Rules for Adding Vitamins and Minerals to Food in line with European Union
Turkey continues to make changes to food regulations in order to harmonize its approach with the European Union (more). New regulations introduce principles... [Read More]
