News and Publications

Turkey has amended withholding tax responsibilities for parties and intermediaries in taxable commercial transactions under the Tax Procedural Code. With the change, the Council of Ministers becomes entitled to enforce withholding tax responsibility against parties to taxable transactions or […]

Turkey has broadened the powers of Chief Judges in Regional Courts of Justice in the wake of the 90 day of State of Emergency declared on 21 July 2016. Accordingly, from 1 September 2016, if legal or factual reasons […]

Turkey has amended requirements for Technology Development Zones, specifically focusing on the relationship between Technology Development Zones and Organized Industrial Zones. Provisions address permission and infrastructure obligations, as well as deadlines for Technology Development Zones to become operational. The […]

Turkey has ratified a supplementary agreement to strengthen the Food and Agriculture Organization Subregional Office for Central Asia (“Subregional Office”) on 6 June 2016 (“Agreement”). Under the new commitments, Turkey will provide a total of USD 4 million annually […]

Turkey has amended regulations related to electricity system connection and usage. Changes apply to setting and reducing power levels stated in system connection and usage agreements, as well as investment repayment conditions, and notification of power outages. The Regulation […]

Given the potential risks posed to public health, the pharmaceutical sector is one of the most strictly regulated sectors in many countries, including Turkey. In recent years, the importation of foreign pharmaceutical product has grown immensely in Turkey. Manufacture […]

Turkey has updated its project-based investment incentives scheme, providing financial support for innovative, technology-oriented, R&D focused, high value-added projects, which assist in reducing foreign dependency. The incentives are available to projects which comply with the Turkish government’s targets outlined […]

An overview of notable decrees by the Council of Ministers and communiqués by the Ministry of Economy regarding prevention of unfair competition in imports, made during September 2016. Interim Review Investigation Launched Into Anti-Dumping Duty Imposed on Polyester Flat […]

Turkey has transferred the powers of court-appointed company guardians to the Saving Deposit Insurance Fund (“Fund”), as well as revised the Fund’s abilities to sell and liquidate companies, in the wake of the 90 day of State of Emergency […]

Turkey has expanded regulations for practice and audit of R&D activities to now also include industrial design activities. These rules apply to technology centers (built under the Law on the Establishment of the Presidency of Small and Medium Sized […]