News and Publications

On 25 April 2016, Turkey acceded to the 1996 Convention on Jurisdiction, Applicable Law, Recognition, Enforcement and Co-Operation in Respect of Parental Responsibility and Measures for the Protection of Children (“Hague Convention”), as well as the 2007 Convention on […]

Turkey has published secondary legislation outlining details of new tax exemptions for young entrepreneurs and taxpayers whose commercial income is determined via simple procedure. As a result, from 10 February 2016, qualifying entrepreneurs under the age of 29 can […]

Turkey has ratified a World Trade Organization (“WTO”) agreement establishing an international framework to reduce trade costs. Two thirds of WTO members must complete domestic ratification before the framework will enter into effect. Turkey ratified the Protocol Amending the […]

The Turkish Notary Association made two announcements to clarify and amend notarial requirements. It declared that employment transfer agreements are no longer subject to stamp tax. The association also clarified that real estate leases are not required to be […]

Turkey has enacted a range of legislation regarding cooperation with foreign states on criminal matters, including criteria and procedures for making and executing requests. The updated legislative framework outlines criteria for extradition from Turkey, including circumstances Turkey can refuse […]

Turkey has ratified the foundation of the Asian Infrastructure Investment Bank (“AIIB”) into local law as one of the project’s co-founders. The AIIB project highlights the importance of regional cooperation to sustain growth in Asian economies, as well as […]

Turkey has introduced an income tax exemption for employees in free trade zones who prepare software which is exported from Turkey via electronic transfer. The mechanism is introduced to address difficulties which arise when delivering CD-based software programs to […]

Turkey’s Energy Market Regulatory Authority (“Authority”) has updated and amended certain elements of the template agreements for use and connection to the electricity distribution system. Changes apply to the Distribution System Use Agreement, the Distribution System Connection Agreement for […]

Moroğlu Arseven has been noted as a recommended firm for patent litigation and transactions by IAM Patent 1000 is its 2016 awards. The firm receives specific mention for the cross-over between patents and corporate or M&A work. Based on […]

Turkey has announced details of arrangements for tax obligations which fall during a fiscal holiday, running from 1 July 2016 to 20 July 2016. Tax statements due during this period must be submitted by 27 July 2016. The grace […]