News & Insights

Search with filters

For further information,
please contact:

News & Insights

May 21, 2018

Turkey Passes Tax Amnesty Law

Legal Alerts
Tax

Recent Development On May 18, 2018, the Law No. 7143 on the Restructuring of Tax and Certain Receivables and Amending Certain Laws (“Law“) was published on the Official Gazette and thus entered into force. This legal alert lays out the essential provisions the Law introduced regarding the restructuring of tax receivables enforced by the Ministry […]

May 21, 2018

Standard Contractual Clauses for International Data Transfers Announced

Legal Alerts
IT & Communications

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) […]

May 18, 2018

Data Protection Board Publishes Decision on Exemptions from Registration Obligation

Legal Alerts
IT & Communications

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 […]

May 9, 2018

Title Fee and VAT Rate Decreased

Legal Alerts
Real Estate

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 […]

May 8, 2018

Tax Amnesty En Route!

Legal Alerts
Tax

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. […]

May 6, 2018

How will the new FX borrowing restrictions affect acquisition finance/ leveraged buy-outs and project finance?

Legal Alerts
Banking & 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 […]

May 4, 2018

FX borrowing restrictions in Turkey softened

Legal Alerts
Banking & 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. The Central Bank of the Republic of Turkey (“Central Bank“) abolished the Capital Movement Circular No. 2002/YB-1 and […]

May 3, 2018

Parliament Legalizes RTÜK Internet Supervision

Legal Alerts
IT & Communications

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, […]

April 25, 2018

Natural Gas Market Licensing Regulation Amended

Legal Alerts
EMI

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 […]

April 12, 2018

Turkey Publishes Preparation Guidelines on Turkish Pharmacopeia

Legal Alerts
Healthcare

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 […]

Page: