28 Feb 2018
Turkey has introduced a range of changes to Tax Procedural Law number 213 (“Law”). The amendments relate to requirements for taxpayer addresses, procedures for delivering and rejecting correspondences, as well as conditions when notification by public announcement can occur. […]
22 Feb 2018
Turkey has updated electricity legislation relating to calculation of guarantee amounts, reporting obligations, prohibition of share transfers, as well as notification obligations during share transfers. The requirement to hold data processing centres within Turkey has now also been removed. […]
22 Feb 2018
Turkey has made a series of amendments to its VAT regime, introducing new liabilities, as well as exemptions. Notably, VAT will now apply to services provided to parties outside Turkey in the electronic environment. New exemptions have been introduced […]
22 Feb 2018
Turkey has updated the regulatory regime related to the ancillary services necessary to ensure safe operation and quality standards for electricity transmission and distribution. Notably, an online registry will be launched, the Price Determination Commission will be disbanded, and […]
8 Feb 2018
In certain circumstances, recipients of the administrative fines can now request reconciliation of administrative fines imposed by governorships or the Ministry of Customs and Trade. Newly established Reconciliation Commissions will evaluate these requests, potentially resulting in administrative fines being […]
7 Feb 2018
Turkey’s Council of Ministers has now ratified the Convention on Mutual Administrative Assistance in Tax Matters (“Convention”), subject to several exclusions. The Convention involves Council of Europe and OECD member states. Its primary purpose is for signatories to exchange […]
1 Feb 2018
From 1 January 2018, certain taxpayers in Turkey can now use an electronic Bookkeeping Declaration System (“System”) to store and submit selected documents online, rather than in paper format. Qualifying taxpayers are also able to make declarations via the […]
31 Jan 2018
Turkey’s Public Oversight, Accounting and Auditing Standards Authority (“Authority”) has declared that if an independent audit firm has its activity permit suspended, the permit will not be cancelled during the suspension period if the firm fails to satisfy its […]
25 Jan 2018
Turkey has updated the regulatory regime for packaging and waste, including significant new rules regarding waste collection and recycling. Most notably, free plastic bags will be banned from the beginning of 2019 and packaging used in the Turkish market […]
10 Jan 2018
Turkey has updated rules for Organized Industrial Zones Specialized in Agriculture (“Agriculture Zones”). Changes apply to principles and procedures for projects, applications, zoning plans, activities, operations and audits of Agricultural Zones. They also include increased details for determining and […]
