22 Jul 2016
Turkey has announced a range of changes to Value Added Tax arrangements. Notable changes include clarification that overpaid tax during exports will not be refunded, tax obligations become suspended during force majeure events, as well as international organizations being […]
14 Jun 2016
Turkey has published secondary legislation outlining details of new tax exemptions for young entrepreneurs and taxpayers whose commercial income is determined via simple procedure. As a result, from 10 February 2016, qualifying entrepreneurs under the age of 29 can […]
2 Jun 2016
Turkey has introduced an income tax exemption for employees in free trade zones who prepare software which is exported from Turkey via electronic transfer. The mechanism is introduced to address difficulties which arise when delivering CD-based software programs to […]
30 May 2016
Turkey has announced details of arrangements for tax obligations which fall during a fiscal holiday, running from 1 July 2016 to 20 July 2016. Tax statements due during this period must be submitted by 27 July 2016. The grace […]
23 May 2016
Turkey’s Constitutional Court recently ruled that a 99 year administrative easement does not breach property owners’ constitutional property rights. A lower court escalated the issue for consideration, arguing that easements should be limited to ten years, with expropriation preferred […]
9 May 2016
Turkey has amended and clarified the requirements for collecting public receivables. Changes particularly apply to obtaining documents to show an overdue debt, calculating the limitation period, as well as deleting records. Further explanatory information is also provided for existing […]
1 Dec 2015
The Energy Market Regulatory Authority (“EMRA”) has published draft regulation (“Draft Regulation”) which would amend the current regime for unlicensed electricity generation in Turkey. The Draft Regulation proposed changes to the Regulation on Electricity Generation without License in Electricity […]
5 Oct 2015
A 2010 amendment to the Turkish Constitution allowed Turkish citizens to individually apply to the Constitutional Court if there had been an abuse of their constitutional rights. The amendment provided individuals with a direct and domestic opportunity to obtain […]
1 Jun 2015
First published by Practical Law Company. Overview 1. Provide an overview of the recent developments in the exploration and extraction of mineral resources in your jurisdiction. Despite having a range of minerals, some significant reserves and government support for […]
1 May 2015
First published by Practical Law Company. Overview Electricity market 1. Provide an overview of the electricity market in your jurisdiction, including recent trends over the last 12 months. Overview The Turkish energy sector has grown quickly in recent years. […]
