9 Mar 2018
Turkey’s Energy Market Regulatory Authority (“Authority”) has increased administrative fines related to electricity, natural gas, oil and LPG by 14.47% from 1 January 2018, based on the Treasury’s annual revaluation rate, determined for 2017. The Treasury announced the 2017 […]
9 Mar 2018
Turkish residents with no foreign currency income are generally prohibited from making foreign currency loans, either from abroad or from within Turkey. However, the Council of Ministers recently introduced new rules for such loans, as well as new exceptions […]
2 Mar 2018
Turkey’s Energy Market Regulatory Authority (“Authority”) has overhauled rules for natural gas certificates and related processes. Changes apply to rules for authorisation certificates, as well as processes for amending, renewing and cancelling certificates. The Regulation Amending the Natural Gas […]
28 Feb 2018
Turkey has introduced a range of changes to Tax Procedural Law number 213 (“Law”). The amendments relate to requirements for taxpayer addresses, procedures for delivering and rejecting correspondences, as well as conditions when notification by public announcement can occur. […]
22 Feb 2018
Turkey has updated electricity legislation relating to calculation of guarantee amounts, reporting obligations, prohibition of share transfers, as well as notification obligations during share transfers. The requirement to hold data processing centres within Turkey has now also been removed. […]
22 Feb 2018
Turkey has updated the regulatory regime related to the ancillary services necessary to ensure safe operation and quality standards for electricity transmission and distribution. Notably, an online registry will be launched, the Price Determination Commission will be disbanded, and […]
18 Jan 2018
To send commercial electronic messages in Turkey, senders must first obtain a recipient’s approval. The Ministry of Customs and Commerce (“Ministry”) is now empowered to establish a system, where senders must log recipient approvals and rejections. If senders fail […]
13 Dec 2017
Operating rules have now been announced for Turkey’s Personal Data Protection Board (“Board”). The Regulation on Working Procedures and Principles of the Personal Data Protection Board (“Regulation”) outlines details of the Board’s operational procedures, duties, authorities and responsibilities. Notably, […]
23 Nov 2017
The Turkish Banking, Regulation and Supervision Agency (“Agency”) has amended rules for financial leasing, factoring and financing companies. The changes focus on Islamic financing, applying particularly to participation banks and interest-free financial institutions. Notable amendments address the specific disclosure […]
23 Nov 2017
Turkey’s Information and Communication Technologies Authority has updated consumer rights in the electronic communication sector. Changes apply to execution of subscription agreements, invoicing periods, service disconnection-reconnection operations, as well as timeline targets for subscriber transfers. The Regulation Regarding Consumer […]
