28 Nov 2019
Turkey’s Central Bank has updated discount interest rates for commercial papers with expiry periods of three months or more. The revised rates are 17.25% for rediscount transactions and 18.25% for advance transactions. The interest rates were announced in Communiqué […]
22 Oct 2019
The long-awaited Communiqué on Equity Crowdfunding numbered III-35/A.1 (“Communiqué”) issued by the Capital Markets Board of Turkey (“Board”) has entered into force. The Communiqué regulates the procedures and principles regarding equity crowdfunding, activities of crowdfunding platforms, fund-raising from the […]
27 Aug 2019
As per article 2 of the Law Amending the Income Tax Law and Certain Other Laws numbered 7186 (the “Omnibus Bill”), the provisional article 90 (the “Provisional Article 90”) has been included in the Income Tax Law numbered 193. […]
8 Aug 2019
Turkey has published the Communiqué Regarding Determination of the Gross Revenue Regulated under Article 77 of the Consumer Protection Law numbered 6502 (the “Communiqué”). The Communiqué sets forth the principles and procedures regarding the determination of the gross revenue […]
18 Jul 2019
Turkey’s Council of State has recently ruled that commencing execution proceedings against limited companies’ legal representatives is not mandatory in order to collect from the shareholders the tax debts that cannot be collected from the company itself. According to […]
30 Apr 2019
The Communiqué (“Amendment Communiqué”) amending the Communiqué regarding Decree number 32 on The Protection of The Value of Turkish Currency regarding exportation prices with number 2018-32/48 (“Communiqué”) was announced in Official Gazette number 30703 on 3 March 2019, entering into […]
27 Mar 2019
Turkish Constitutional Court recently decided that rendering a decision before dissolving the divergence of opinions between the Court of Appeal’s different chambers breaches the right to fair trial. The applicant works in a foundation based on an employment agreement. […]
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 […]
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 […]
6 Jul 2018
Turkey has announced rules for goods which are processed with or contain biocidal products. These rules address labelling for these products, as well as other topics such as documentation, analysis, and destruction. The Communiqué on Goods Processed with Biocidal […]
