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Turkey’s Ministry of Health Shuts Down 5,300 Websites Selling Drugs, Slimming Teas And Similar Products

Turkey’s Ministry of Health (“Ministry”) has inspected and shut down 5,300 websites selling drugs, slimming teas and similar products. A Ministry statement notes... [Read More]

Turkey’s Ministry of Finance Announces 2016 Revaluation Rate as 3.83%

Turkey’s Ministry of Finance has announced the revaluation rate for 2016 as 3.83%. The rate will also apply to the last provisional taxation... [Read More]

Turkey Amends Methods for Banks to Rate and Evaluate Capital Adequacy

Turkey’s Banking Regulation and Supervision Agency (“Agency”) has amended regulations regarding how banks rate and evaluate capital adequacy. The Agency’s Board now has... [Read More]

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]
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