19 Nov 2016
Turkey has announced operational and structural details for the newly established Turkish Wealth Fund Management Company (Türkiye Varlıklar Fonu Yönetimi Anonim Şirketi; “Management Company”). Details address auditing requirements, activity disclosures, exercising management rights, handling and registering assets, as well […]
13 Nov 2016
Turkey has introduced a discount on withholding tax for certain employees working at entities which provide services outside Turkey. From 1 January 2017, qualifying entities will be able to offset the discounted tax rate against income taxes for employees […]
5 Nov 2016
Turkey has significantly loosened stamp tax obligations and notary fees for a range of documents. Under the change, copies of papers subject to proportional stamp tax are no longer subject to stamp tax. From 9 August 2016, proportional stamp […]
25 Oct 2016
Turkey has amended expropriation requirements and procedures, tightening requirements for the contents of agreements for expropriated immovable property, while also expanding the scope of immovable property which is open to expropriation. Under the amendments, immovable property, resource rights and […]
24 Oct 2016
Turkey has published secondary legislation, outlining further details for a recent law which significantly loosened stamp tax obligations and notary fees for a range of documents (more). Notable new exemptions include stamp tax no longer being applied to documents […]
11 Oct 2016
Turkey has amended withholding tax responsibilities for parties and intermediaries in taxable commercial transactions under the Tax Procedural Code. With the change, the Council of Ministers becomes entitled to enforce withholding tax responsibility against parties to taxable transactions or […]
27 Sep 2016
Turkey has introduced income tax exemptions for salary payments in relation to certain specified tasks conducted outside of R&D Centers, provided these tasks are related to ongoing projects. A tax exemption is also introduced for staff expenses when undertaking […]
27 Sep 2016
The Turkish Constitutional Court recently held that Courts must indicate the right to appeal in reasoned decisions, including an accurate validity period. A Commercial Court incorrectly indicated the appeal time as fifteen days, rather than ten days. The Supreme […]
20 Sep 2016
The Turkish Constitutional Court recently considered which date should be used to assess a property’s expropriation value. It held that for price determination lawsuits, it is unconstitutional to determine a property’s expropriation value based its location and conditions at […]
13 Sep 2016
The Turkish Constitutional Court recently held that property rights had been violated where a Municipality expropriated private property to build a playfield, but later re-zoned the property to become a commercial area and sold the site to a third […]
