4 Jan 2018
The following article gives a summary of decrees by the Council of Ministers and communiqués by the Ministry of Economy regarding prevention of unfair competition in imports, made between 1 December 2017 and 31 December 2017. Anti-Dumping Duty Will […]
4 Jan 2018
Turkey has announced a series of changes to the Corporate Tax Law number 5520. Notably, corporate tax will increase from 20% to 22% for 2018, 2019 and 2020. Changes also apply to the scope and percentage of certain exemptions […]
3 Jan 2018
The Turkish Health Institutes Directorate (“Directorate”) has announced establishment of the Biotechnology Institute (“Institute”). The Institute will include a range of Scientific Boards, focusing on Genome and Bioinformatics, Vaccines, Pharmaceutical and Biopharmaceutical Products, Biomedical and Medical Devices, Microbiology-Immunology and […]
27 Dec 2017
Principles and procedures have entered into force for the Turkish Human Rights and Equality Institution (“Institution”). These include occupational and ethical rules for staff, along with procedural requirements for making complaints to the Institution about alleged discrimination based on […]
21 Dec 2017
Turkey’s Ministry of Finance has announced the revaluation rate for 2017 as 14.47%. The rate will also apply to the last provisional taxation period of 2017. The revaluation rate is used to update various taxes, administrative penalties and other […]
20 Dec 2017
Turkey has amended the Regulation on Processing of Personal Health Data and Protection of Privacy (“Health Data Regulation”), concerning rules and regulatory framework for processing and transferring health-related personal data. Amendments were made by the Regulation Amending the Regulation […]
14 Dec 2017
Turkey’s Public Oversight, Accounting and Auditing Standards Authority (“Authority”) has introduced mandatory continuing professional education requirements for independent auditors. Auditors who fail to complete the necessary training credits will be suspended and shown inactive on the official registry, until […]
14 Dec 2017
The Turkish Constitutional Court recently held that suspending the statute of limitations while the Tax Valuation Commission deliberates is constitutional, provided certainty and proportionality principles are respected. The Court ruled that this did not impose an excessive and unbearable […]
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, […]
11 Dec 2017
The following article gives a summary of decrees by the Council of Ministers and communiqués by the Ministry of Economy regarding prevention of unfair competition in imports, made between 1 November 2017 and 30 November 2017. Expiry Revision Investigation […]
