1 Feb 2018
From 1 January 2018, certain taxpayers in Turkey can now use an electronic Bookkeeping Declaration System (“System”) to store and submit selected documents online, rather than in paper format. Qualifying taxpayers are also able to make declarations via the […]
30 Nov 2017
Turkey has introduced a rule that municipalities, special provincial administrations and related entities must now use at least 51% domestic goods when manufacturing subways, light rail systems, trams and similar vehicles. Provisions in secondary legislation which prevent domestic production […]
22 Nov 2017
Turkey’s Banking Regulation and Supervision Agency has announced a series of changes, allowing electronic invoices and electronic archives to now be used for factoring transactions. Details are also announced for retaining and using these electronic documents during financial factoring […]
9 Nov 2017
Turkey has updated secondary legislation to reflect changes which were made in 2014 and 2016 to the paid leave provisions of Labour Law number 4857. The changes apply to employee entitlements to take leave in parts, as well as […]
25 Oct 2017
Turkey has ratified an additional protocol to the Convention on the Contract for the International Carriage of Goods by Road (“Convention”). Accordingly, consignment notes, as well as other related documents and communications, can now be made electronically. Electronic consignment […]
19 Oct 2017
Turkey’s Tobacco and Alcohol Market Regulatory Authority has announced a series of changes which collectively support competition among alcohol brands, for sellers of open alcoholic beverages. The changes include new requirements for sellers to stock multiple products within the […]
12 Oct 2017
Turkey has introduced a new Financial Reporting Standard for Large and Medium-Sized Companies (“New Standard”), relevant to entities which are currently subject to independent audit, but are exempt from applying the Turkish Financial Reporting Standards. The New Standard will […]
24 Aug 2017
Turkey and Ukraine have agreed to changes in their reciprocal visa rules. Most notably, the changes mean that nationals of either country will be able to enter the other’s territory without a visa for up to 90 days, within […]
22 Aug 2017
Turkey has updated tax procedures so that any outstanding amounts which a taxpayer owes for Special Consumption Tax are now automatically offset against any VAT refunds which the government owes to the taxpayer. Previously, these two elements were dealt […]
11 Aug 2017
Turkey’s Ministry of Finance has announced details for the process whereby taxpayers can provide a written explanation, seeking to potentially avoid audit or referral in the context of suspected tax evasion. Accordingly, the Evaluation Commission will be formed within […]
