13 Feb 2017
Turkey has introduced a support scheme for investments into R&D, innovation, and high value-added projects. The scheme aims to encourage investments which support the country’s critical current and future needs, as well as provide supply security, reduce foreign dependency […]
6 Feb 2017
Turkey has introduced a legislative regime for experts involved in judicial processes, including procedures and principles for experts’ qualifications, training, selection and supervision. Regional Committees are introduced, located at regional courts of justice. These committees will establish and maintain […]
26 Jan 2017
Turkey’s Banking Regulation and Supervision Agency (“Agency”) has amended regulations regarding how banks rate and evaluate capital adequacy. The Agency’s Board now has the power to set the threshold for an entity to qualify as an SME, as well […]
20 Jan 2017
Turkey’s Money Credit and Coordination Board (“Board”) has introduced a new support package, intended to support trade finance, as well as increase the range of export products and services. Participants and organizers of internationally organized domestic fairs with sectoral […]
17 Jan 2017
Turkey has announced establishment of the Istanbul International Financial Center Coordination Board (“Board”). The Board is established to increase the speed and effectiveness of the Istanbul International Financial Center Project, which aims to enhance Turkey’s strength as a financial […]
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 […]
11 Jan 2017
Turkish legislation protects lessees by imposing comparatively higher thresholds on lessors to terminate fixed term leases. A first instance court recently applied to the Turkish Constitutional Court, claiming a legislative provision enabling lessors to terminate fixed term leases without […]
7 Jan 2017
Turkey has announced additional import customs duties for a wide variety of items, ranging from stationery to stainless steel household items. The additional customs tax rates vary between 6% and 25%, provided the rates do not exceed the 50% […]
2 Jan 2017
Turkey has made a range of changes to its state investment support scheme. Amendments apply to eligibility criteria, tax rates, support periods, as well as investment completion processes, among others aspects of the scheme. The Decree Amending Cabinet Decree […]
27 Dec 2016
Turkey’s Ministry of Food, Agriculture and Livestock has announced details of the 2016 support payment scheme for farmers, intended to sustainability improve vegetable production and develop agricultural techniques. The Communique on Support Payments to Vegetable Production (No. 2016/29) (“Communique”) […]
