4 Aug 2017
Turkey has clarified the principles required as a result of administrative judicial decisions during implementation of agreements within the scope of decisions by the Public Procurement Authority. These include procedural requirement where the most economically advantageous bidder in a […]
27 Jul 2017
Turkey’s Tobacco and Alcohol Market Regulatory Authority has introduced a 90 day time limit for launching tobacco products to the Turkish market once it has issued a supply conformity certificate. Conformity certificates allow the holder to sell, price, and […]
11 Jul 2017
Turkey’s Council of Ministers has announced that commercial payments between parties operating in free trade zones and parties in other countries can now also be made in Turkish Lira, if requested. Previously, such payments could only be made in […]
29 Jun 2017
Turkey has introduced a voluntary certification system for e-commerce websites and intermediary service providers, allowing them to easily show consumers that the website meets minimum security requirements for payment processing. The standards address technical and procedural elements, as well […]
22 Jun 2017
Turkey has introduced a VAT exemption for the first time a particular property is purchased by a foreigner as a residence or office, provided the property is held for at least one year and the purchase was made with […]
12 Jun 2017
The 0.04% fees paid during company incorporation and capital increases for joint stock or limited companies will now be paid to commercial registries, rather than to the Turkish Competition Authority. The change will apply once a protocol is established […]
8 Jun 2017
Turkey has extended the scope of financial incentives offered for investments in certain industries. The Investment Incentive Scheme divides Turkey into six regional categories, grouping provinces based on their socio-economic development and targeting incentives accordingly. Under the changes, investments […]
29 May 2017
Turkey’s Ministry of Finance has announced changes to the Value Added Tax (“VAT”) regime. Changes apply to discount methods for undeclared VAT. Undeclared VAT on invoices can now be discounted within the year when the case is completed. The […]
25 May 2017
Turkey’s Data Protection Authority (“Authority”) recently held a two week public consultation period on the details of draft legislation which establishes the Data Controller Registry (“Registry”), ending on 20 May 2017. Stakeholders could submit opinions and suggestions to the […]
8 May 2017
Turkey’s Capital Markets Board has announced a range of changes regarding debt instruments. Among other changes, an entity’s board of directors can now make decisions about issuing debt instruments. Also, the requirement to ratify issuing documents for foreign debt […]
