News and Publications

Turkey’s Data Protection Board (“Board”) has minimum contractual clauses (“Minimum Clauses”). The Minimum Clauses address the essential clauses must be included under contracts for transferring personal data to countries which Turkey deems to not provide adequate protection. The Board […]

Turkey has introduced several incentives to encourage job creation. New tax incentives are available for employers which create jobs for women, disabled, or young employees. Further incentives are available for employers which create these jobs in the production and […]

Turkey’s Constitutional Court recently dismissed an application seeking to cancel 13 articles of the Law Amending the Electricity Market Law and Certain Other Laws numbered 6719, dated 4 June 2016 (“Amendment Law”). 130 deputies and several first instance courts […]

Turkey’s Data Protection Board (“Board”) has announced exemptions for certain data controllers, meaning they will not be required to register with the Data Controllers Registry (“Registry”). The exemption applies to associations, foundations, notaries, lawyers, public accountants, unions, political parties, […]

Turkey has amended tax rules for payments to employees in the context of mutual termination agreements. Accordingly, certain payments are now deemed to be wages and are exempt from income tax. These payments include compensation, job loss indemnity, termination […]

Turkey’s Public Oversight, Accounting and Auditing Standards Authority has updated a range of Financial Reporting Standards and Accounting Standards, as well as Interpretations on Financial Reporting Standards. The updated Financial Reporting Standards are below. The updated Accounting Standards are […]

Turkey has introduced a product safety scheme for new cars and automotive products. The Ministry of Science, Industry and Technology (“Ministry”) will now actively monitor the market and conduct inspections to ensure they meet technical regulations. The Ministry’s monitoring […]

Turkey has removed the fee which previously applied for changing the name and nature of integrated topography circuit owners in the Integrated Circuit Topography Registry, operated by the Turkish Patent and Trademark Office Registry. Previously, when applying to make […]

Turkey has introduced a range of changes to its tax regime, applying to the Income Tax Law and Tax Procedure Law. Changes apply to a wide range of topics, including severance payments, the minimum wage, valuing foreign currencies brought […]

Turkey’s Public Oversight, Accounting and Auditing Standards Authority has updated a range of Independent Auditing Standards. The updates cover a wide range of topics, ranging from general audit objectives through to detailed aspects of auditing activities. The updated Independent […]