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Commercial Registries to Take Over Incorporation and Capital Increase Fee Collection from Competition Authority in Turkey

The 0.04% fees paid during company incorporation and capital increases for joint stock or limited companies will now be paid to commercial registries,... [Read More]

Turkish Financial Incentives Scheme Extended for Investments in Storage and Nuclear

Turkey has extended the scope of financial incentives offered for investments in certain industries. The Investment Incentive Scheme divides Turkey into six regional... [Read More]

Turkey Updates Waste Incineration Regime, Restricting Common Burning Plants to Hazardous Waste Only

Turkey has updated its waste incineration regime, to keep up with technological and sector developments. Notably, only “hazardous wastes” can now be incinerated... [Read More]

Requirements Clarified for Power of Attorneys Used During Land Registry Transactions, Issued Outside Turkey

Turkey’s General Directorate of Land Registers Department of Foreign Affairs recently clarified form and process requirements for power of attorneys used during land... [Read More]

Turkey Updates Contest Rules for Renewable Energy Resource Areas

Turkey’s Ministry of Energy and Natural Resources has amended legislation governing large-scale renewable energy resource areas (“RERA”). The General Directorate of Renewable Energy’s... [Read More]

Turkey Tightens Regulations for Firms Supervising and Approving Electricity Generation Facilities

Turkey’s Ministry of Energy and Natural Resources (“Ministry”) has updated the regulatory regime for firms which supervise and approve electricity generation facilities (“Authorized... [Read More]

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]
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