13 Jan 2017
Turkey’s Union of Notaries has announced details of stamp tax and fee exemptions for warning notifications and certain agreements, involving cheques, regarding repayment of overdue loan debts. The Circular regarding Exceptions to the Fees and Stamp Taxes numbered 2016/14 […]
11 Jan 2017
Turkish legislation protects lessees by imposing comparatively higher thresholds on lessors to terminate fixed term leases. A first instance court recently applied to the Turkish Constitutional Court, claiming a legislative provision enabling lessors to terminate fixed term leases without […]
9 Jan 2017
Turkey’s Ministry of Customs and Trade (“Customs and Trade Ministry”) has announced procedures and principles for banderol fees collected by the customs administration as revenue, as well as how the Customs and Trade Ministry’s units can use banderol fees. […]
7 Jan 2017
Turkey has announced additional import customs duties for a wide variety of items, ranging from stationery to stainless steel household items. The additional customs tax rates vary between 6% and 25%, provided the rates do not exceed the 50% […]
4 Jan 2017
The Financial Action Task Force (“Task Force”) will commence its Fourth Round of Mutual Evaluations for Turkey in October 2018. The Task Force establishes international standards to fight against money laundering and terrorist financing. Since 2014, all member countries […]
2 Jan 2017
Turkey has made a range of changes to its state investment support scheme. Amendments apply to eligibility criteria, tax rates, support periods, as well as investment completion processes, among others aspects of the scheme. The Decree Amending Cabinet Decree […]
31 Dec 2016
The Turkish Supreme Court recently ruled on the requirement during cancellation actions for the court to determine a trademark’s aim at the time of registration. The court reversed a lower court’s trademark cancellation decision on the basis that the […]
28 Dec 2016
Turkey recently introduced major legislative changes to the pledge and assignment regime, which will facilitate access to finance for SMEs and boosts competitiveness (more). The new regime addresses uncertainties that had previously arisen about which intellectual and industrial property […]
26 Dec 2016
Turkey’s Energy Market Regulatory Authority (“EMRA”) has introduced rules and establishment processes for distribution companies to now be permitted to distribute natural gas to districts located outside their existing natural gas distribution licenses, which have populations over ten thousand […]
19 Dec 2016
Turkey’s Ministry of Energy and Natural Resources has prohibited unlicensed electricity generation applications for sites which are currently also in the application process for a production license or pre-license based on wind power. Such applications will be rejected and […]
