202104.20
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The Economic Regulation Bill Has Passed into Law

The Economic Regulation Bill Has Passed into Law Ekonomiye İlişkin Düzenlemeler İçeren Kanun Teklifi Yasalaştı   “The Law Amending the Law on the Procedure for the Collection of Public Receivables and Certain Laws” has been adopted by the General Assembly of Grand National Assembly of Turkey (“GNAT”). Pursuant to the relevant law: –     Corporate Tax,…

202103.02
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Electronic Era in Corporation Establishment

Electronic Era in Corporation Establishment Şirket Kuruluşunda Elektronik Dönem   Pursuant to “the Communiqué Amending the Communiqué on Signing of Articles of Incorporation At Trade Registry Offices” published on Official Gazette on 20th February, 2021 some amendments have been made to the signature procedure of corporation establishment. Before the amendments, for establishment of corporations and…

202102.22
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Extension for Submissions of Certificates of Origin

Extension for Submissions of Certificates of Origin Menşe Şahadetnamelerinin İbrazı İçin Ek Süre   Pursuant to the “Regulation on Amendments to Customs Regulation” published on Official Gazette on February 13, 2021 the transitional provisions of the Customs Regulation regarding the late submission of documents certifying the origin of the goods have been amended. According to…

202102.18
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LMAA’s Change Over the Years

LMAA’s Change Over the Years   LMAA’in Yıllar İçindeki Değişimi   Bruce Harris, currently President of the London Maritime Arbitrators Association (“LMAA”) has been involved in maritime arbitration for almost 60 years and has been a full-time arbitrator in London for 40 years. In this article, the insightful observations of Mr. Harris on how the…

202102.01
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The Applicable Prices for Renewable Energy Power Plants Have Been Updated

The Applicable Prices for Renewable Energy Power Plants Have Been Updated Yenilenebilir Enerji Üretim Tesisleri İçin Uygulanacak Fiyatlar Güncellendi   Pursuant to Presidential Decree No: 3453 published on the Official Gazette dated 30.01.2021, the applicable prices and periods for power plants based on renewable energy sources with Renewable Energy Resource (“RES”) Certificate have been determined….

202101.21
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PDPA Announcement on WhatsApp

PDPA Announcement on WhatsApp WhatsApp Hakkında KVKK Duyurusu   On 12.01.2021, Personal Data Protection Authority (“PDPA”) has published a public announcement on its website regarding the policy of Whatsapp application. Aforementioned announcement briefly covers the following: The conditions for processing the personal data have been regulated in Article 5 of Personal Data Protection Law No.6698…

202101.15
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The Communiqué on Valuable House Tax

The Communiqué on Valuable House Tax Değerli Konut Vergisi Tebliği   The “General Communiqué for the Implementation of Valuable House Tax” was published on the Official Gazette dated 15.01.2021. The valuable house tax will be imposed on the houseowners whose properties’ tax value exceeds 5 million 250 thousand Turkish Liras. The accrued valuable house taxes…

202101.14
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The Regulation on Natural Gas Futures Market

The Regulation on Natural Gas Futures Market Vadeli Doğal Gaz Piyasasına İlişkin Düzenleme   “The Regulation Amending the Organized Natural Gas Wholesale Market Regulation” was published on the Official Gazette dated 12.01.2021. According to the concerned regulation; the market participants who would like to carry transactions in the natural gas futures market, shall sign the…