NewsLetter

POSTPONEMENT OF BANKRUPTCY WILL NO LONGER BE AVAILABLE  Law Amending the Bankruptcy and Enforcement Law and Some Other Laws for Improvement of Investment Environment (the "Law) is accepted by the Turkish Grand National Assembly on 28.02.2018. The Law shall enter into force upon rectification by the President. Postponement of Bankruptcy, implementation of which has been [...]

THE TAX DEFERMENT IMPLEMENTATION FOR ELIGIBLE TAX PAYERS TO BE EFFECTIVE FROM 01.01.2018 Certain conveniences about deferment to the debts of the eligible tax payers have been provided by Law numbered. 6183, Article 48/a, which was added by Law numbered 7020 Article 7, effective from 01.01.2018. According to the relevant article, to benefit from deferment, [...]

THE DRAFT LAW ON PREMIUM INCENTIVES GIVEN BY NEW OMNIBUS BILL TO THE  EMPLOYERS WHO CREATE ADDITIONAL EMPLOYMENT The draft Law amendments in Tax Laws along with some other laws and statutory decrees (“Draft”) has been presented to Turkish Grand National Assembly on 02.02.2018. The Law has not been ratified and came into force yet. [...]

DRAFT LAW AMENDING THE VALUE-ADDED TAX LAW AND SOME OTHER LAWS AND STATUTORY DECREES PROVIDES TAX RETURN TO TAXPAYERS Draft Law Amending the Value-Added Tax Law and Some Other Laws and Statutory Decrees is submitted to the Turkish Grand National Assembly (TGNA) on 28.02.2018. In case this draft is adopted by TGNA and enters into force, [...]

AMENDMENTS TO THE VALUE ADDED TAX  LAW WITH THE OMNIBUS BILL DRAFT PRESENTED TO TGNA An omnibus bill draft consisting of 75 articles is presented to Turkish Grand National Assembly on 02.02.2018. While its main focus is to enhance investment, production and employment; it also brings some important regulations relating to tax liability of research [...]

THE COMMUNIQUE ON THE AMENDMENTS ON SPECIAL OCCASIONS COMMUNIQUE The Communiqué on the Amendments on Special Occasions Communiqué (“Communiqué”) is published in the Official Gazette on 13.02.2018. The following paragraph (paragraph 4) is added to the Article 12 of Special Occasions Communiqué (II-15.1) which was  published in the Official Gazette numbered 28891 and dated 23.01.2014: [...]

THE COMMUNIQUE ON THE AMANDMENT ON SHARE COMMUNIQUE Communiqué on the Amendment on Share Communiqué (“Communiqué”) is published in the Official Gazette on 13.02.2018. THE REPEALED ARTICLES The repealed articles of Share Communiqué (VII-128.1) published in Official Gazette numbered 28685 and dated 22.06.2013 are as follows: - The Article 12 paragraph 7, regulating “the public [...]

The Regulation on theTrade of Second Hand Motor Land Vehicles (“Regulation”) is published in the Official Gazette on 13.02.2018. The Regulation is prepared based upon Law on the Regulation of Retail Trade numbered 6585. THE SCOPE OF THE THE  REGULATION The Regulation regulates the following headings for  the natural and the  legal entity tradesmen and [...]

THE REGULATION ON THE PRINCIPLES AND THE  PROCEDURES OF THE SURVEILLANCE OF TRANSACTIONS AFFECTING THE FOREIGN EXCHANGE POSITION BY CENTRAL BANK OF TURKEY (“REGULATION”) The Regulation is published in the Official Gazette on 17.02.2018 and prepared based upon the Central Bank of the Republic of Turkey Law Numbered 1211. PURPOSE OF THE REGULATION The purpose [...]

“The Draft Amendments on Enforcement and Bankruptcy Law and Some other Laws to Improve the Investment Environment” is submitted to the National Parliament - T.B.M.M. on 2 February 2018. The Draft is not ratified and came into force yet. Significant changes in the commercial life are expected upon enactment of the draft law, through the [...]