Recent Development The Data Protection Board announced standard contractual clauses for international data transfers on May 16, 2018. To access the announcement, which is written in Turkish, please click here. What Does the Announcement Say? The announcement informs the minimum required content that data controllers must prepare for international data transfers, as per Article 9/2(b) […]
Recent Development The Personal Data Protection Board (“Board“) published its decision (“Decision“) on exemptions from registration to the Data Controllers’ Registry (“Registry“) in the Official Gazette on May 15, 2018. What Does the Decision Say? The decision is based on Article 16(2) of the Law No. 6698 on the Protection of Personal Data (“Data Protection […]
Recent Development The Council of Ministry’s Decision No. 2018/11674 (“Council of Ministry’s Decision”) changing the title fee and certain tax rates was published in the Official Gazette dated May 5, 2018 and numbered 30412. What Does the Council of Ministry’s Decision Say? According to the Council of Ministry’s Decision, the title fee separately paid by […]
Recent Development On April 30, 2018, the Draft Law on the Restructuring of Tax and Certain Receivables and Amending Certain Laws (“Draft Law“) was submitted to the Turkish Parliament. This legal alert lays out the most essential provisions introduced by the Draft Law regarding the restructuring of tax receivables enforced by the Ministry of Finance. […]
Recent Development The Council of Ministers published a decree amending the Decree No. 32 on the Protection of the Value of the Turkish Currency (“Decree No. 32“) in the Official Gazette No. 30312 on 25 January 2018. Pursuant to the amendments, as a general rule, the Turkish resident companies must have sufficient foreign exchange income […]
Recent Development The Council of Ministers published a decree amending the Decree No. 32 on the Protection of the Value of the Turkish Currency (“Decree No. 32“) in the Official Gazette No. 30312 on 25 January 2018. The Central Bank of the Republic of Turkey (“Central Bank“) abolished the Capital Movement Circular No. 2002/YB-1 and […]
Recent Development The Turkish Parliament passed the Law on the Amendments to the Tax Laws and Certain Laws and Decrees, adding a new Article 29/A to Law No. 6112 on the Establishment of Radio and Television Enterprises and Media Services (“Broadcasting Law“), which entered into effect by publication on the Official Gazette on March 21, […]
Recent Development The Energy Market Regulatory Authority (“Authority”) amended the Natural Gas Market Licensing Regulation (“Regulation”). The amendment was published in the Official Gazette No. 30394 dated April 17, 2018 (“Amendment”) and entered into force on the same date. What’s New? 1. Conclusion of Applications Allocated Between the Authority and the Board Prior to the […]
Recent Development The Turkish Medicines and Medical Devices Agency (“TITCK”) recently published on its website the Preparation Guidelines for the Turkish Pharmacopeia (“Guidelines“). Background Pharmacopoeia refers to a document containing national and international rules and methods that must be legally and scientifically complied with, including the physicochemical features of the active and inactive substances used […]
Recent Development The Ministry of Economy (“Ministry”) recently presented the draft Law on Product Safety and Technical Legislation (“Draft Law”) for public consultation. The Draft Law introduces significant rules regulating product safety principles and compliance with the technical legislation. What’s New? The Draft Law aims to update and harmonize the rules and principles on product […]
