21 Dec 2017
Turkey’s Ministry of Finance has announced the revaluation rate for 2017 as 14.47%. The rate will also apply to the last provisional taxation period of 2017. The revaluation rate is used to update various taxes, administrative penalties and other […]
14 Dec 2017
Turkey’s Public Oversight, Accounting and Auditing Standards Authority (“Authority”) has introduced mandatory continuing professional education requirements for independent auditors. Auditors who fail to complete the necessary training credits will be suspended and shown inactive on the official registry, until […]
7 Dec 2017
Turkey has tightened rules for products which protect plants from pests. The updated regime addresses processes and responsibilities for testing these products, as well as launching them to the market. The amendments also introduce new rules for advertising such […]
30 Nov 2017
Turkey has introduced a rule that municipalities, special provincial administrations and related entities must now use at least 51% domestic goods when manufacturing subways, light rail systems, trams and similar vehicles. Provisions in secondary legislation which prevent domestic production […]
23 Nov 2017
The Turkish Banking, Regulation and Supervision Agency (“Agency”) has amended rules for financial leasing, factoring and financing companies. The changes focus on Islamic financing, applying particularly to participation banks and interest-free financial institutions. Notable amendments address the specific disclosure […]
