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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]
Turkey’s Prime Ministry Encourages Public Institutions to Use Istanbul Arbitration Centre for Dispute Resolution
The Prime Ministry of Turkey (“Prime Ministry”) has encouraged public institutions and organizations to use the Istanbul Arbitration Centre (“ISTAC”) for dispute resolution... [Read More]
Turkey Clarifies Stamp Tax and Fee Exemptions for Notifications and Debt Repayment Schemes Involving Cheques
Turkey’s Union of Notaries has announced details of stamp tax and fee exemptions for warning notifications and certain agreements, involving cheques, regarding repayment... [Read More]
Turkey Expands Scope of Support Scheme for Design Sector
Turkey’s Money Credit and Coordination Board has introduced a new support package, intended to support exporters. The package addresses the tendency by exporters... [Read More]
