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Turkey’s Central Bank Announces Maximum Credit Card Interest Rates for Q1 2017
Turkey’s Central Bank has determined new maximum contractual and default interest rates for credit card transactions, which will apply for the period 1... [Read More]
Turkish Notary Union Clarifies Stamp Duty and Fee Exemption for Restoration and Lease of Charity Property
The Union of Turkish Public Notaries (“Notary Union”) has clarified that restoration and lease agreements for immovable property owned by the General Directorate... [Read More]
Turkey Introduces Additional Rules for Determining Price During Tendering Procedures
Turkey has introduced a new rules for determining price during tender procedures, for certain investors. The new rules apply to investors subject to... [Read More]
Significant Reforms to Turkish Industrial Property Laws
Comprehensive changes have been introduced to Turkey’s Intellectual and Industrial Property regime. New legislation has been eagerly awaited in Turkey, which now unifies... [Read More]
Turkey Imposes Storage Obligation on Companies Importing Natural Gas
Turkey’s Energy Market Regulatory Authority (“Authority”) has introduced new rules for natural gas importers. The rules introduce thresholds of natural gas which importers... [Read More]
Turkey Updates Compliance Regime for Vehicle Manufacturing, Modification and Installation
Turkey has updated procedures and principles for manufacturing, modifying and installing vehicles. The updated rules relate to compliance with traffic security and highway... [Read More]
Turkey Introduces Reimbursement Scheme for Participants at Industry Fairs
Turkey’s Money Credit and Coordination Board (“Board”) has introduced a new support package, intended to support trade finance, as well as increase the... [Read More]
Turkey Amends VAT Arrangements for Free Trade Zones, VAT Rates for Certain Goods and Services, Plus Special Consumption Tax for Private Cars
Turkey has announced a range of amendments to the tax regime. Changes apply particularly to land tax and value added tax within free... [Read More]
Turkish Constitutional Court: Fixed Administrative Fines For Unlicensed LPG Transport, Sale, and Auto Filling Not Unconstitutional
The Turkish Constitutional Court recently considered the constitutionality of administrative fines applied for certain breaches of LPG legislation. It considered and rejected a... [Read More]
Turkish Notary Union Clarifies Stamp Tax Exemption for Consent Letters Related to Real Properties Which Do Not Involve Real Rights
The Union of Turkish Public Notaries (“Notary Union”) has announced that consent letters regarding real properties which do not involve real rights on... [Read More]
Turkey Supports Efforts to Become Financial Hub by Establishing Istanbul International Financial Center Coordination Board
Turkey has announced establishment of the Istanbul International Financial Center Coordination Board (“Board”). The Board is established to increase the speed and effectiveness... [Read More]
Turkey Updates Reimbursement Scheme for Investments in Electricity Transmission Assets
Turkey’s Energy Market Regulatory Authority (“Authority”) has updated the methodology for determining government reimbursements for investments in building new electricity transmission facilities, as... [Read More]
