25 Dec 2016
Turkish legislation requires projects in the 2015 Investment Program’s additional investment list, as well as projects which are predicted to extend for more than one year and whose allocation is paid in lump sum, to only begin if the […]
18 Dec 2016
Turkey has introduced regulations for manufacturing, categorizing, distributing and importing pyrotechnic substances. The new rules require pyrotechnic substances meet minimum composition and labeling standards, as well as comply with related European Union and international standards. The Regulation on Certification, […]
11 Dec 2016
Turkey has introduced regulations for electronic equipment aimed at protecting the safety of people, property and animals. The rules apply to electrical equipment designed for use between 50 and 1,000 Volts for alternating current, and between 75 and 1,500 […]
4 Dec 2016
Turkey’s Ministry of Industry and Technology has introduced rules for electromagnetic compatibility between electronic devices and fixed wiring installations to ensure electromagnetic compatibility of the devices throughout the market. The new rules apply to all types of electromagnetic devices […]
27 Nov 2016
Turkey has introduced a long awaited reduction of special consumption tax on hybrid cars. Tax rates are significantly reduced, depending on the engine capacity and power of the electric motor. The incentive is intended to increase Turkish use and […]
20 Nov 2016
The Turkish Capital Markets Board has announced that fees for venture capital investment funds under Article 130(3) of the Capital Markets Law will not be collected between the end of 2017 and the end of 2020. Article 130(3) of […]
13 Nov 2016
Turkey has introduced a discount on withholding tax for certain employees working at entities which provide services outside Turkey. From 1 January 2017, qualifying entities will be able to offset the discounted tax rate against income taxes for employees […]
6 Nov 2016
Turkey has amended classification rules for banks (including foreign branches) which apply when classifying collectible credit groups and other receivables. The changes allow conditions of underlying agreements to be restructured more easily. Agreements can now be changed, provided they […]
31 Oct 2016
Turkey’s Ministry of Energy and Natural Resources has introduced details for operation, investments and licence procedures regarding large-scale renewable energy resource areas (“Investment Areas”). Investment Areas can be located on public or private property and are intended to promote […]
24 Oct 2016
Turkey has published secondary legislation, outlining further details for a recent law which significantly loosened stamp tax obligations and notary fees for a range of documents (more). Notable new exemptions include stamp tax no longer being applied to documents […]
