31 Dec 2016
Turkey’s Health Services Pricing Commission (“Commission”) determines prices for travel, bed and food paid by the Social Security Organization. The Commission recently amended the prices of several services and added certain medicines to the Foreign Medication List, with new […]
27 Dec 2016
Turkey’s Ministry of Food, Agriculture and Livestock has announced details of the 2016 support payment scheme for farmers, intended to sustainability improve vegetable production and develop agricultural techniques. The Communique on Support Payments to Vegetable Production (No. 2016/29) (“Communique”) […]
20 Dec 2016
Turkey’s Ministry of Finance (“Ministry”) has amended secondary legislation to reflect recent changes to reporting requirements for suspicious transactions. Notification obligations apply to a wide range of entities, involved in both completed and attempted transactions (more). Such entities must […]
13 Dec 2016
Turkey has announced a range of changes and new regulations to real estate certificates, intended to improve effectiveness of these instruments. In particular, rules and requirements are introduced for real estate certificates issued within the urban transformation projects. A […]
6 Dec 2016
Turkey’s energy regulatory has announced 2016 principles and methods for calculating electricity market operation revenues for the Energy Markets Operating Company (“EPIAS”). Accordingly, revenue required for EPIAS operations (as the exclusive market operator) will be allocated among the market […]
30 Nov 2016
The Union of Turkish Public Notaries (“Notary Union”) has stated that both a building’s value and land’s value will be considered when calculating fees and stamp tax for construction agreements undertaken in exchange for condominium rights. To clarify contradictory […]
19 Nov 2016
Turkey has introduced a new system for procurement of railway passenger transportation services. From 1 May 2018 onward, railway train operators will be chosen via a tender procedure, announced by the Ministry of Transport, Maritime Affairs and Communication (“Ministry”). […]
12 Nov 2016
The Turkish Pharmaceuticals and Medical Devices Agency (“Agency”) has announced inspection figures for cosmetic products and medical devices, relating to the second quarter 2016. The Agency’s inspections found 128 of the 170 cosmetic products inspected were deficient and unsafe […]
5 Nov 2016
Turkey has significantly loosened stamp tax obligations and notary fees for a range of documents. Under the change, copies of papers subject to proportional stamp tax are no longer subject to stamp tax. From 9 August 2016, proportional stamp […]
31 Oct 2016
Turkey has tightened the legal regime for open chequing accounts, along with criminal sanctions for issuing dud cheques. Dud cheques were regularly issued in bad faith under the prior legislative regime. However, legislative amendments go a significant way towards […]
