27 Nov 2018
Turkey has amended the application processes for pre-licenses and licenses within the electricity licensing regime. Accordingly, joint-stock companies which apply for such licenses can no longer issue bearer shares (except stock exchange bearer shares). The restriction must now be […]
20 Nov 2018
Turkey’s Ministry of Finance and Treasury has increased the deferment interest rate which is applied to deferred public receivables from 12% to 22%. The new interest rate will apply to applications made after 6 September 2018. For previously deferred […]
15 Nov 2018
Turkey has revised accounting principles for mergers of establishments which are subject to joint control, eliminating uncertainty about this issue and ensuring consistency in practice. The revised accounting principles apply to mergers which are performed during accounting periods beginning […]
6 Nov 2018
Turkey’s Ministry of Treasury and Finance has introduced a redemption mechanism for certain taxpayers which are subject to special VAT principles due to their past negative acts. The mechanism allows qualifying taxpayers to return to general VAT principles. Taxpayers […]
30 Oct 2018
Turkey has reduced the financial and investment thresholds required for foreigners to acquire Turkish citizenship. The new thresholds apply from 19 September 2018. The changes apply to the necessary values of fixed capital investments, immovable property purchases, workforce employment, […]
18 Oct 2018
Turkey has introduced new rules to protect the value of its currency, aimed at ensuring profits from export transactions between 4 September 2018 and 4 March 2019 are returned to Turkey. Accordingly, values received from export transactions made by […]
9 Oct 2018
Turkey has announced further details, exemptions and clarifications for recently introduced rules restricting foreign currency or foreign currency indexed payment obligations in contracts between parties residing in Turkey. These entered into force on 13 September 2018 by amending Decree […]
20 Sep 2018
Turkey has introduced new contract rules, intended to protect the national currency’s value. From 13 September 2018, certain agreements between parties which are both located in Turkey can only be made in Turkish Lira. Contracts entered before 13 September […]
16 Aug 2018
Turkey’s Central Bank has increased interest rates applied to rediscount transactions for promissory notes, as well as advance transactions. According to the changes: The discount interest rate applied to rediscount transactions for promissory notes with a maximum three-month term […]
30 Jun 2018
Turkey has introduced clarified rules for transporting dangerous goods by air. These rules apply to local operators, as well as foreign operators using Turkish airspace. The rules address certification, reporting and labelling requirements for transporting such goods. The Regulation […]
