24 Oct 2016
Turkey has published secondary legislation, outlining further details for a recent law which significantly loosened stamp tax obligations and notary fees for a range of documents (more). Notable new exemptions include stamp tax no longer being applied to documents […]
11 Oct 2016
Turkey has amended withholding tax responsibilities for parties and intermediaries in taxable commercial transactions under the Tax Procedural Code. With the change, the Council of Ministers becomes entitled to enforce withholding tax responsibility against parties to taxable transactions or […]
27 Sep 2016
Turkey has introduced income tax exemptions for salary payments in relation to certain specified tasks conducted outside of R&D Centers, provided these tasks are related to ongoing projects. A tax exemption is also introduced for staff expenses when undertaking […]
27 Sep 2016
The Turkish Constitutional Court recently held that Courts must indicate the right to appeal in reasoned decisions, including an accurate validity period. A Commercial Court incorrectly indicated the appeal time as fifteen days, rather than ten days. The Supreme […]
20 Sep 2016
The Turkish Constitutional Court recently considered which date should be used to assess a property’s expropriation value. It held that for price determination lawsuits, it is unconstitutional to determine a property’s expropriation value based its location and conditions at […]
13 Sep 2016
The Turkish Constitutional Court recently held that property rights had been violated where a Municipality expropriated private property to build a playfield, but later re-zoned the property to become a commercial area and sold the site to a third […]
22 Jul 2016
Turkey has announced a range of changes to Value Added Tax arrangements. Notable changes include clarification that overpaid tax during exports will not be refunded, tax obligations become suspended during force majeure events, as well as international organizations being […]
14 Jun 2016
Turkey has published secondary legislation outlining details of new tax exemptions for young entrepreneurs and taxpayers whose commercial income is determined via simple procedure. As a result, from 10 February 2016, qualifying entrepreneurs under the age of 29 can […]
2 Jun 2016
Turkey has introduced an income tax exemption for employees in free trade zones who prepare software which is exported from Turkey via electronic transfer. The mechanism is introduced to address difficulties which arise when delivering CD-based software programs to […]
30 May 2016
Turkey has announced details of arrangements for tax obligations which fall during a fiscal holiday, running from 1 July 2016 to 20 July 2016. Tax statements due during this period must be submitted by 27 July 2016. The grace […]
