9 Jan 2017
Turkey’s Ministry of Customs and Trade (“Customs and Trade Ministry”) has announced procedures and principles for banderol fees collected by the customs administration as revenue, as well as how the Customs and Trade Ministry’s units can use banderol fees. […]
7 Jan 2017
Turkey has announced additional import customs duties for a wide variety of items, ranging from stationery to stainless steel household items. The additional customs tax rates vary between 6% and 25%, provided the rates do not exceed the 50% […]
27 Dec 2016
Turkey has introduced a regulatory regime for granting easements and usage licenses for building new docks, berths, and moorage for private boats, yachts and marinas on public property. Such rights are granted to investors for up to 30 years. […]
19 Dec 2016
Turkey has taken a series of new measures involving companies and public institutions in the wake of the State of Emergency declared on 21 July 2016. Notable recent measures include shifting trustee duties for entities deemed to be connection […]
13 Dec 2016
Turkey has announced a range of changes and new regulations to real estate certificates, intended to improve effectiveness of these instruments. In particular, rules and requirements are introduced for real estate certificates issued within the urban transformation projects. A […]
30 Nov 2016
The Union of Turkish Public Notaries (“Notary Union”) has stated that both a building’s value and land’s value will be considered when calculating fees and stamp tax for construction agreements undertaken in exchange for condominium rights. To clarify contradictory […]
27 Nov 2016
Turkey has introduced a long awaited reduction of special consumption tax on hybrid cars. Tax rates are significantly reduced, depending on the engine capacity and power of the electric motor. The incentive is intended to increase Turkish use and […]
24 Nov 2016
Turkey has made significant amendments to customs regulations, intended to improve the effectiveness of the authorized customs broker system. Changes also impact the return of goods confiscated on suspicion of smuggling, analysis of goods at border gates and introduce […]
22 Nov 2016
Turkey’s Ministry of Finance has announced a range of new exceptions to Value Added Tax. Notable exemptions apply to fixed investments within the scope of the investment incentive certificate scheme, as well as for transfers, leases and sale of […]
20 Nov 2016
Turkey has introduced a range of amendments to tax processes. These include new rules and processes for the Tax Inspection Board, tax inspections and Tax Commissions. The changes are intended to provide clarity, streamline inspection processes, as well as […]
