19 Apr 2017
Turkey’s Central Bank has updated discount interest rates for commercial papers with expiry periods of three months or more. The revised rates are 8.75% for rediscount transactions and 9.75% for advance transactions. The interest rates were announced in Communiqué […]
17 Apr 2017
Turkey has announced Classification Opinions to be implemented in accordance with the International Convention on Harmonized Commodity Definition and Coding System. The system is intended to achieve uniform tariff classification. Council of Minister’s Decision number 2016/9530 dated 14 November […]
10 Apr 2017
Turkey’s Ministry of Customs and Trade (“Ministry”) has added the “World Customs Organization Harmonized System’s Classification Decisions” to the Customs General Communiqué Serial No: 24, in an effort to ensure uniform enforcement of Turkish Customs Tariffs. The products that […]
6 Apr 2017
Turkey’s Capital Market Board (“Board”) has continued amendments for real estate matters (more), now focusing on real estate certificates. Changes apply to rights and obligations for both issuers and holders of such certificates. A two-year fee waiver is introduced […]
27 Mar 2017
Turkey’s Ministry of Justice announced increased 2017 fees for notification and rogatory requests outside of Turkey, as well as fees for serving notifications via the relevant country’s legal authorities. The Communique Regarding Principles And Procedures To Be Applied To […]
22 Mar 2017
Turkey’s Capital Markets Board (“Board”) has introduced new thresholds, scope of information and processes for disclosing material events, as well as amended announcement processes for the Public Disclosure Platform to ensure the market activities are in line with the […]
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 […]
24 Jan 2017
The Turkish Constitutional Court recently considered a claim1 seeking to remove a lien in favour of a bank, which the plaintiff’s spouse had placed over the “matrimonial home” without her consent. Traditionally, Turkish courts have ruled in favour of banks […]
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 […]
15 Jan 2017
The Prime Ministry of Turkey (“Prime Ministry”) has encouraged public institutions and organizations to use the Istanbul Arbitration Centre (“ISTAC”) for dispute resolution in local as well as international agreements. The Ministry emphasizes that the ISTAC Arbitration and Mediation […]
