13 Jun 2018
Turkey has announced a range of amendments to the tax regime, as well as new VAT exemptions. A new tax base calculation is introduced for sale of secondhand vehicles and immovable property. Time limits are also introduced where sellers […]
30 May 2018
Turkey’s Constitutional Court recently dismissed an application seeking to cancel 13 articles of the Law Amending the Electricity Market Law and Certain Other Laws numbered 6719, dated 4 June 2016 (“Amendment Law”). 130 deputies and several first instance courts […]
24 May 2018
Turkey’s Public Oversight, Accounting and Auditing Standards Authority has updated a range of Financial Reporting Standards and Accounting Standards, as well as Interpretations on Financial Reporting Standards. The updated Financial Reporting Standards are below. The updated Accounting Standards are […]
17 May 2018
Turkey has introduced a range of changes to its tax regime, applying to the Income Tax Law and Tax Procedure Law. Changes apply to a wide range of topics, including severance payments, the minimum wage, valuing foreign currencies brought […]
17 May 2018
Turkey’s Public Oversight, Accounting and Auditing Standards Authority has updated a range of Independent Auditing Standards. The updates cover a wide range of topics, ranging from general audit objectives through to detailed aspects of auditing activities. The updated Independent […]
16 May 2018
Turkey has revised rules for executing mortgage deeds, meaning that credit institutions and agricultural credit cooperatives can now conclude mortgage contracts without being required to execute the mortgage deed in person before the title deed registry. Furthermore, parties are […]
10 May 2018
Turkey’s Ministry of Food, Agriculture and Livestock (“Ministry”) recently announced a new regulatory regime for planning, use and oversight of cultivated areas. These include establishing provincial Soil Protection Boards, as well as introducing rules to soil conservation plans and […]
9 May 2018
If a taxpayer will fall into serious financial difficulty by paying a tax debt, a mechanism exists in Turkey to defer payment for up to five years, under certain conditions (Article 48/A of the Law on the Collection of […]
8 May 2018
Turkey’s Council of Ministers has approved the international Protocol to Eliminate Illicit Trade in Tobacco Products (“Protocol”). The Protocol outlines precautions for preventing and identifying illicit tobacco trade, as well as controlling supply chains, destroying related products/equipment and cooperation […]
5 May 2018
Turkey’s Ministry of Economy (“Ministry”) annually updates the rules and procedures for product certifications and notifications related to importing various tobacco and alcohol products. According to the latest announcement, conformity certificates and out of scope statements can now be […]
