19 Jun 2017
Turkey has introduced new definitions and measurement specifications for food additives, in line with the European Union’s approach. These changes follow a series of other legislative-related developments, regarding added vitamins, as well as food labeling. The Turkish Food Codex […]
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 […]
5 Jun 2017
Turkey’s General Directorate of Land Registers Department of Foreign Affairs recently clarified form and process requirements for power of attorneys used during land registry transactions in Turkey, which are issued in another country. A letter was circulated on 20 […]
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 […]
22 May 2017
Turkey has made a range of changes to taxes and fees. Stamp waiver is now waived for certain construction-related agreements and title deed fees are reduced until September 2017. Repayment rates for the Resource Utilization Support Fund have been […]
15 May 2017
Turkey’s Energy Markets Regulatory Authority (“Authority”) has amended procurement principles for petroleum products from domestic and international sources, excluding fuel oil (“Petrol Products”). New conditions now apply to the letter of conformity which is required for Petrol Product imports […]
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 […]
1 May 2017
Turkey has amended the scope and procedure of a government investment support scheme for technological products (“Scheme”). Notably, support for loan interest has been removed from the Scheme, but micro-enterprises have become eligible to apply for support. The Scheme […]
24 Apr 2017
Turkey has announced clarifications of taxation arrangements for payment services provided by e-money and e-payment agencies. Legislation deems these e-currency transactions to be banking transactions and services. Accordingly, it is clarified that the Banking and Insurance Transaction Tax will […]
