31 Mar 2020
As per Tax Procedural Law Circular number 126 and dated 23 March 2020 of the Turkish Revenue Administration (“Circular”) Turkey has extended the deadlines to file VAT Returns and pay the accrued taxes from 26 March 2020 to 24 […]
31 Mar 2020
Turkey has temporarily reduced the VAT rate for airline transport services to 1% from 1 April 2020 to 30 June 2020 (included). Please see this link for full text of the Presidential Decree number 2278 and dated 22 March […]
31 Mar 2020
In order to protect public health, the following measures have been implemented in the field of tax practices within the scope of the effective fight against the COVID-19 pandemic, : All petitions that must be submitted to the tax […]
31 Mar 2020
Turkey has extended the deadlines to file Annual Income Tax Return and to pay the accrued taxes from 31 March 2020 to 20 April 2020. Please see this link for full text of the Tax Procedural Law Circular number […]
31 Mar 2020
The Capital Markets Board (“CMB”) has rendered measures to limit the negative effects of COVID-19 pandemic in the markets with the CMB Bulletin (“Bulletin”) dated 23 March 2020 and numbered 2020/19: Submission of Financial Reports Additional periods have been […]
31 Mar 2020
The COVID-19 pandemic has caused disruptions all over the world, including Turkey and measures to prevent the outbreak have extended to corporate and commercial matters. The major outcomes can be listed as follows: Postponement of General Assemblies of Companies […]
31 Mar 2020
As the relative measures taken to prevent COVID-19 outbreak caused disruptions in the production, logistics, and international supply chains, it raised the question of whether the outbreak would be considered a force majeure in terms of contracts between merchants. […]
31 Mar 2020
The termination of the lease contracts for the reasons arising from the lessee in the leases of residential and roofed workplaces are regulated in Article 352 of the Turkish Code of Obligations numbered 6098. In accordance with the relevant […]
31 Mar 2020
Turkey’s Directorate General for Health Services of the Ministry of Health has issued the Circular Letter numbered 54718026 (“Circular”) on 27 March 2020. In accordance with the above-mentioned Circular, until further notice, healthcare professionals who work in any of […]
31 Mar 2020
Short-time employment has been regulated in the Unemployment Insurance Law numbered 4447 and the Short-Time Employment and Short-Time Employment Allowance Bylaw (“Bylaw”). If the working hours of a workplace is reduced by at least 1/3 or the operations stop […]
