News and Publications

Turkey made amendments in the Communiqué on the Financial Reporting Principles of Investment Funds and the Communiqué on Real Estate Investment Funds, regarding the share groups and the transaction price constituting the basis for the purchase and sale of […]

The General Assembly on the Unification of Judgments of the Court of Cassation (“Assembly”) decided that penal clause due to early unjust termination of a labor contract is valid only for the time period stated in the contract, if […]

Turkish Competition Board (“Board”) decided to conduct an investigation to Anka Mobil Tedarik A.Ş. and D-Market Elektronik Hizmetleri ve Ticaret A.Ş. (hepsiburada.com) for violation of article 4 (restrictive trade practices and concerted practices) and article 6 (abuse of dominance) […]

Turkey’s Ministry of Trade introduces amendments for price tags, amending the Regulation on Price Tags (“Regulation”) and the Communiqué on the Use of Domestic Manufacture Logo on Price Tags effective as of 27 July 2019. Notable amendments are as […]

Turkey’s Radio and Television Supreme Council (“RTSC”) and Information and Communication Technologies Authority (“ICTA”) have jointly published the Regulation on Submission of Radio, Television and Voluntary Broadcasts through the Internet (the “Regulation”) on 1 August 2019 entering into effect […]

The Law number 3201 on Evaluation of Services, given abroad by Turkish Citizens, in terms of Social Security (the “Law”), is amended with the Law Number 7186 Amending Income Tax Law and Certain Other Laws (the “Omnibus Bill”). The […]

Turkey has extended the periods set forth for the connection agreements in unlicensed electricity investments, renewable energy source areas, and the Renewable Energy Resources Support Mechanism (“YEKDEM”) with the Law Number 7186 Amending Income Tax Law and Certain Other Laws (the “Omnibus Bill”). […]

As per article 2 of the Law Amending the Income Tax Law and Certain Other Laws numbered 7186 (the “Omnibus Bill”), the provisional article 90 (the “Provisional Article 90”) has been included in the Income Tax Law numbered 193. […]

The Turkish Constitutional Court ruled that for the periods between 2007-2011 levying both value-added tax including tax loss, income tax and penalizing for tax-loss based upon advance tax, as well as for special irregularity; and following the Applicant’s acts […]

The Turkish Constitutional Court recently ruled that an applicant’s right of property is not violated for being held jointly and severally liable for the unpaid public debts of the company in which he does not have the representation power. […]