News and Publications

The Turkish Constitutional Court recently ruled that levying consumption tax on the consumption of electricity that the Applicant itself has generated by using coke gas, violated the property right. The Applicant meets his own facilities’ electricity needs with electricity […]

Turkey has introduced corporate income tax and VAT exemptions for certain legal entities, with regards to 2019 UEFA Super Cup Final and 2020 UEFA Champions League Final matches to be organized in Turkey. Within this context; delivery of goods […]

The Regulation on the Amendment of the Regulation (“Amendment Regulation”) on the Principles and Rules on Retail Trade was published in the Official Gazette dated 18 January 2019 and numbered 20659. The second paragraph of Article 12/B of the […]

The Turkish Constitutional Court recently ruled that building an energy transmission line on a part of the property of the applicant without expropriating, violates the constitutional property right. The owner of the concerning land claimed that he was unable […]

Turkish Constitutional Court ruled that: compulsory pre-mediation process introduced with the Labour Courts Law Number 7036 (the “Labour Courts Law”) with respect to lawsuits initiated for labour receivables and compensations as well as re-employment claims and the legal provision […]

Turkey’s Public Oversight Accounting and Auditing Standards Authority has enacted “ISRE 2400 Engagements to Review Historical Financial Statements” and “ISAE 3000 (revised) Assurance Engagements Other than Audits or Reviews of Historical Financial Information” and “ISAE 3402 (revised) Assurance Reports […]

Turkey’s Constitutional Court recently ruled that an excessive personal burden had not been placed on a property owner where the administrative fine imposed by the administration on account of applicant’s personal fault of not making material events disclosure in […]

Turkey’s Constitutional Court recently ruled that refusal to register a vehicle for one year on the basis of a precautionary measure, without compensating damages, violated an applicant’s constitutional property rights. The applicant is an international transportation driver, who purchased […]

For accounting periods beginning 1 January 2020 onwards, Turkey will apply the Conceptual Framework for Financial Reporting (“New Framework”) as revised by the International Accounting Standards Board. Changes apply to measurement, presentation and disclosure, as well as recognition and […]

Turkey has announced new rules for its recent restrictions on foreign currency agreements, as well as extended the scope of certain exemptions (more). The latest exemptions mainly apply to sales and rental of real estate or heavy machinery. According […]