6 Nov 2018
Turkey’s Ministry of Treasury and Finance has introduced a redemption mechanism for certain taxpayers which are subject to special VAT principles due to their past negative acts. The mechanism allows qualifying taxpayers to return to general VAT principles. Taxpayers […]
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 […]
31 May 2018
Turkey has introduced several incentives to encourage job creation. New tax incentives are available for employers which create jobs for women, disabled, or young employees. Further incentives are available for employers which create these jobs in the production and […]
24 May 2018
Turkey has amended tax rules for payments to employees in the context of mutual termination agreements. Accordingly, certain payments are now deemed to be wages and are exempt from income tax. These payments include compensation, job loss indemnity, termination […]
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 […]
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 […]
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 […]
3 May 2018
Turkey has announced details of procedures for land consolidation activities, as well the roles of various bodies involved in the process. The regime outlines processes for both voluntary and compulsory consolidations, as well as requirements for registering these on […]
2 May 2018
Turkey has updated several provisions relating to establishing flat ownership and easements, as well as land use conversion. Under the changes, land registrations will now be based on electronic architectural projects and residency usage permits. Further, contractors can establish […]
19 Apr 2018
The entrepreneur committee or general assembly of Organized Industrial Zones (“Zone”) in Turkey can now allocate parcels of land free of charge, in return for minimum employment commitments from the recipient. Details have been announced for application procedures, determining […]
