24 May 2018
Turkey’s Public Oversight, Accounting and Auditing Standards Authority has updated a range of Financial Reporting Standards and Accounting Standards, as well as Interpretations on Financial Reporting Standards. The updated Financial Reporting Standards are below. The updated Accounting Standards are […]
17 May 2018
Turkey’s Public Oversight, Accounting and Auditing Standards Authority has updated a range of Independent Auditing Standards. The updates cover a wide range of topics, ranging from general audit objectives through to detailed aspects of auditing activities. The updated Independent […]
10 May 2018
Turkey’s Ministry of Food, Agriculture and Livestock (“Ministry”) recently announced a new regulatory regime for planning, use and oversight of cultivated areas. These include establishing provincial Soil Protection Boards, as well as introducing rules to soil conservation plans and […]
3 May 2018
Turkey has announced details of procedures for land consolidation activities, as well the roles of various bodies involved in the process. The regime outlines processes for both voluntary and compulsory consolidations, as well as requirements for registering these on […]
26 Apr 2018
Turkey has announced working procedures and principles for the Foreign Economic Relations Board (“Board)”. The Board’s purpose is to support foreign economic relations, including foreign trade, international investments, contracting and logistics, as well as supporting the private sector to […]
19 Apr 2018
Under Turkish law, if a cheque is delivered to a drawee bank before the availability date stated on the cheque, a provision states that the cheque will be considered properly presented and payable on the presentation date. The provision […]
12 Apr 2018
Turkey has clarified procedural steps for consumer disputes. Previously, the requirement to approach consumer arbitration committees for disputes below certain monetary limits was open to being interpreted as an obstacle to pursuing enforcement proceedings without a judgment. However, recent […]
5 Apr 2018
Turkey has updated aspects of the public tender regime outlined in Public Tender Law number 4734. Most notably, surety bonds issued by insurance companies will now qualify as collateral during public tenders. Surety bonds now qualify as collateral in […]
29 Mar 2018
The threshold used by banks in Turkey to determine credit limits for auto loans, loans secured by vehicles and financial leasing has increased from 50,000 to 100,000 Turkish Liras. The amendment will likely mean reductions in advance payments for […]
22 Mar 2018
Turkey has amended rules for production, export, import, use, packaging and sale of veterinary medicinal products. Notably, the transition period’s deadline for adapting veterinary products and production sites to meet good manufacturing practices has now been extended from two […]
