News and Publications

General Assembly on the Unification of Judgments of Court of Cassation (“General Assembly”) has recently evaluated a partial lawsuit, where a collection of a pecuniary claim with its interest is requested. The Court of Cassation decided that if the […]

Considering the recent developments in information technologies, Turkey’s Revenue Administration (“Administration”) issued the General Communiqué on Tax Procedural Law numbered 509 (“General Communiqué”) aiming to establish unity with regards to electronic document practices and to ensure that the parties […]

Turkish Constitutional Court evaluated a case where the applicant has appealed a court judgment on the National Judicial Network Information System (“UYAP”) within the legal period of time; however, the Court of Cassation rejected the appeal request by taking […]

Turkish Medicines and Medical Devices Agency has amended the Regulation on Licensing of Medicinal Products for Human Use with regards to the suspension of licenses. Under the Regulation on Amendment of the Regulation on Licensing of Medicinal Products for […]

For accounting periods beginning 1 January 2020 onwards, Turkey will apply the Conceptual Framework for Financial Reporting (“New Framework”) as revised by the International Accounting Standards Board. Changes apply to measurement, presentation and disclosure, as well as recognition and […]

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 […]

Turkey’s Banking Regulatory and Supervisory Authority (“Authority”) has lowered the cap on consumer loans. Accordingly, from 1 September 2018, the maximum term for consumer loans becomes 36 months (previously 48 months), with some exceptions. The Authority has also reduced […]

Turkey has introduced additional duties on certain US-origin imported goods, in response to new duties on steel and aluminum introduced by the US. The duties range from 4% to 70% for imported food, alcohol, coal, cosmetic products, PVC, motor […]

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 […]

Turkey’s Money-Credit Coordination Board has amended the financial support scheme for market research and market entry. Changes apply particularly to trademark-related costs when purchasing foreign companies which are involved in advanced technology. The Communiqué Amending the Communiqué on Market […]