23 Mar 2017
A pricing method has been introduced in Turkey for the first year of easement and usufruct rights over Treasury-owned real property. The method applies to investors in the defense and aerospace industry which require domestic development and advanced technology. […]
16 Mar 2017
Turkey has updated processes for zoning changes regarding protected areas. Changes also remove the requirement to prepare wide-scope zoning plans including transition stages, for buildings and facilities to be built on coastal areas. The Regulation Regarding Amendment of the […]
9 Mar 2017
Turkey has updated the financial support scheme which is available to the foreign entities of Turkish companies. The scheme offers support packages for rental of stores, warehouses, offices, showrooms, product display/exhibition areas, as well as promotion activities undertaken by […]
2 Mar 2017
Turkey has increased administrative fines relating to electricity, natural gas, petroleum and liquefied petroleum gas by 3.83% for 2017. The revised rates will apply for administrative fines issued between 1 January 2017 and 31 December 2017. The increases are […]
23 Feb 2017
Turkey’s Energy Markets Regulatory Authority (“Authority”) has amended how distribution and bunker fuel delivery license holders in the petroleum market must prove they meet the minimum asset thresholds. From 2018, such license holders will be able to submit the […]
16 Feb 2017
Turkey’s Energy Market Regulatory Authority (“Authority”) has amended tariff-calculations for Liquefied Natural Gas storage companies. Amendments apply particularly to the Authority’s consideration of operating expenditures changes, as well as determining the tariff which will apply if a license or […]
9 Feb 2017
Transition Period for Electricity Generation Facilities Extended in Turkey Turkey’s Ministry of Energy and Natural Resources has extended the transition period for acceptance procedures applicable to electricity generation facilities, from 6 November 2016 to now be 31 March 2017. […]
2 Feb 2017
Turkey has postponed the requirement for certain taxpayers to issue e-Invoices. The requirement applies to taxpayers which exceed certain sale volumes, as well as those who import, export, or sell certain commodities. Taxpayers who export certain commodities (stated under […]
26 Jan 2017
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 the power to set the threshold for an entity to qualify as an SME, as well […]
19 Jan 2017
Turkey has announced a range of amendments to the tax regime. Changes apply particularly to land tax and value added tax within free trade zones, as well as special consumption tax for private cars. The scope of good and […]
