20 Apr 2017
Turkey has made significant changes to rules for Free Trade Zones. From 24 February 2017, land and facilities located in these areas will be subject to urgent expropriation. Changes also apply to a salary tax exemption for employees at […]
12 Apr 2017
Turkey’s Tobacco and Alcohol Market Regulatory Board has increased compliance and service fees by 3.83% for 2017. Increases apply to compliance and service fees for Certificates of Compliance for building new facilities, as well as Project Alterations for the […]
6 Apr 2017
Turkey’s Capital Market Board (“Board”) has continued amendments for real estate matters (more), now focusing on real estate certificates. Changes apply to rights and obligations for both issuers and holders of such certificates. A two-year fee waiver is introduced […]
27 Mar 2017
Turkey’s Ministry of Justice announced increased 2017 fees for notification and rogatory requests outside of Turkey, as well as fees for serving notifications via the relevant country’s legal authorities. The Communique Regarding Principles And Procedures To Be Applied To […]
23 Mar 2017
A pricing method has been introduced in Turkey for the first year of easement and usufruct rights over Treasury-owned real property. The method applies to investors in the defense and aerospace industry which require domestic development and advanced technology. […]
27 Jan 2017
Turkey’s Ministry of Finance has announced the revaluation rate for 2016 as 3.83%. The rate will also apply to the last provisional taxation period of 2016. The revaluation rate is used to update various taxes, administrative penalties and other […]
19 Jan 2017
Turkey has announced a range of amendments to the tax regime. Changes apply particularly to land tax and value added tax within free trade zones, as well as special consumption tax for private cars. The scope of good and […]
19 Jan 2017
The Turkish Constitutional Court recently considered the constitutionality of administrative fines applied for certain breaches of LPG legislation. It considered and rejected a claim that issuing such fines at the same rate for all breaches, regardless of a breach’s […]
17 Jan 2017
The Union of Turkish Public Notaries (“Notary Union”) has announced that consent letters regarding real properties which do not involve real rights on real properties are exempt from stamp tax. Such documents will continue to be subject to fixed […]
13 Jan 2017
Turkey’s Union of Notaries has announced details of stamp tax and fee exemptions for warning notifications and certain agreements, involving cheques, regarding repayment of overdue loan debts. The Circular regarding Exceptions to the Fees and Stamp Taxes numbered 2016/14 […]
