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Turkey Clarifies Tax Obligations for Electronic Money and Payment Agencies
Turkey has announced clarifications of taxation arrangements for payment services provided by e-money and e-payment agencies. Legislation deems these e-currency transactions to be... [Read More]
Turkey Updates Rules for Free Trade Zones, Allowing Urgent Expropriation of Land or Facilities
Turkey has made significant changes to rules for Free Trade Zones. From 24 February 2017, land and facilities located in these areas will... [Read More]
Turkey Announces 2017-2019 Strategy and Action Plan for the Software Sector
Turkey’s High Planning Council (“Council”) has accepted a Strategy and Action Plan for the Software Sector (“Action Plan”) for 2017-2019. It aims to... [Read More]
Turkey Includes Legal Fees in Government Financial Support Mechanism for R&D and Design Centres
Turkey has amended the support scheme for R&D and design activities to now include third party services. The change means external legal counselling... [Read More]
Turkish Competition Board: Mey İçki Abused Dominant Position in Raki Market
The Turkish Competition Authority recently published a short-form decision from the Competition Board (“Board”) concluding that Mey İçki San. ve Tic. A.Ş. (“Mey... [Read More]
Turkey’s Central Bank Updates Rediscount and Advance Interest Rates
Turkey’s Central Bank has updated discount interest rates for commercial papers with expiry periods of three months or more. The revised rates are... [Read More]
Turkey Announces Classification Opinions Within Global Harmonized Commodity Definition System
Turkey has announced Classification Opinions to be implemented in accordance with the International Convention on Harmonized Commodity Definition and Coding System. The system... [Read More]
Turkish Court Rules that a Company’s Creditor Can Send Attachment Notices to Shareholders which owe Receivable to the Company
Turkey’s Court of Cassation recently ruled that a company’s creditor is entitled to send an attachment notice to a company shareholder since the... [Read More]
Turkish Competition Authority Launches Investigation Into TTNET’s Alleged Abuse of Dominance
The Turkish Competition Authority announced last week that it has launched an investigation into the economic unity which consists Türk Telekom A.Ş. and... [Read More]
Turkey Introduces New Rules for Wind and Solar Power Plants in Natural Protected Areas
Turkey’s Environmental and Urbanisation Ministry has introduced new principles for wind and solar power plants (“WPP” and “SPP” respectively). The rules outline restrictions... [Read More]
Turkey Clarifies Restrictions on Independent Auditors
Turkey’s Public Oversight, Accounting and Auditing Standards Authority (“Authority”) has softened restrictions for individuals working as independent auditors. The new rules clarify the... [Read More]
Turkey’s Tobacco and Alcohol Regulator Increases Compliance and Service Fees 3.83% for 2017
Turkey’s Tobacco and Alcohol Market Regulatory Board has increased compliance and service fees by 3.83% for 2017. Increases apply to compliance and service... [Read More]
