I. Introduction Communiqué on the Application of the Tax Procedure Law (Serial No: 564) (“Communiqué”) was published in the Official Gazette No. 32651 dated 03.09.2024. The Communiqué includes provisions related to the disclosure of taxpaye…
I. Introduction The Decree on State Aids in Investments ("Incentive Decree"), which was enacted by the cabinet on June 15, 2012, under Decision No. 2012/3305, has been amended by Presidential Decision No. 8860 (“Decision”), published in the…
I. Introduction The Regulation on the Sale of Refurbished Products (“Regulation”), which was published in the Official Gazette No. 31221 on August 22, 2020 and entered into force on the same date, has been amended pursuant to the Regulation…
The Turkish Competition Authority's Annual Activities Report for 2023 Published The Turkish Competition Authority ("Authority") published its annual report covering the activities of 2023 on its official website on August 13, 2024. The repo…
The Law No. 7524 on the Amendment of Certain Tax Laws, Certain Laws, and Decree Law No. 375 ("Law"), which brings comprehensive changes to the tax legislation, was published in the Official Gazette dated August 2, 2024. The Law contains man…
The Law on Amendments to the Turkish Commercial Code and Certain Laws (“Law No. 7511”) entered into force after being published in the Official Gazette dated 29.05.2024 and numbered 32560 and with the amendments made to the Turkish Commerci…
Development In order to address the wounds caused by the earthquake disaster that occurred on February 6, 2023, in Kahramanmaraş and affected many surrounding provinces, the Turkish Grand National Assembly enacted Law No. 7440 dated March 9,…
Development The Istanbul Chamber of Commerce Arbitration Center ("ITOTAM"), a prestigious arbitration center established in 1979 and frequently preferred in Turkey, has announced the revision of its arbitrator fee schedule and administrativ…
Under Article 18/A, paragraph 11 of the Mediation in Legal Disputes Act No. 6235 (“Act"), it was stipulated that a party who does not attend the mediation session will be held liable for all litigation costs and will not be awarded attorney…
Communiqué Amending the Communiqué (Communiqué No: 2024-32/69) Regarding the Decree No. 32 on the Protection of the Value of Turkish Currency, originally issued by the Ministry of Treasury and Finance (“The Communiqué”), has been published…
The Communiqué on Redetermination of Minimum Equity Amounts for Payment and Electronic Money Institutions (“Communiqué”)” was published in the Official Gazette numbered 32442 dated 27.01.2024. Along with the Communiqué, the minimum equity a…
The decision of the Public Oversight, Accounting and Auditing Standards Authority ("Authority") numbered 75935942-050.01.04-[01/21509], titled "Inclusion of Payment and Electronic Money Institutions in scope of Organizations Concerning Publ…