Competent Authority Agreement on the Financial Status of Taxpayers Between the Relevant Authorites of The United States Of America And The Republic Of Turkey Has Entered Into Force

In today’s conditions, more and more commercial enterprises carry out their commercial activities in more than one country and in that case, there is a need for information sharing between these countries in order to protect the interests of these commercial enterprises and to prevent tax losses. Country-Based Reporting is a reporting process that requires […]

WHAT ARE THE RECENT DEVELOPMENTS ABOUT EMPLOYER OBLIGATIONS IN OCCUPATIONAL HEALTH AND SAFETY (OHS) ?

Employers have liabilities for various legal regulations, especially the Occupational Health and Safety Regulation. Employer’s first and foremost liability is appointing an occupational physician and an occupational health and safety expert, in circumstance workplace fulfil the required conditions appointing a medical personnel instead of occupational physician.  However, as regulated in the Occupational Health and Safety […]

Green Deal Action Plan of Turkey

Turkish authorities have implemented the “Green Deal Action Plan,” which aims to ensure Turkey’s adaptation to climate change policies. This initiative has gained momentum in the international trade order in recent years. Green Deal Action Plan, which will strengthen our country’s competitiveness in exports and will also attract green investments to our country, has implemented […]

NEW PROCEDURE IN INTERNATIONAL TRADEMARK REGISTRATION APPLICATIONS: MADRID-E FILING SYSTEM

In the previous days, the Turkish Patent and Trademark Office announced that the Madrid E-filing (Electronic Application) system which is an online interface concerning international trademark registration applications is available. Thus, Turkey became a participant of the Madrid E-filing system as the fourteenth country. It is aimed to transmit the international trademark registration applications made […]

THE MINISTRY OF TREASURY AND FINANCE HAS ANNOUNCED RANCHES OF TURKISH COMPANIES IN FREE ZONES ARE ALSO ACKNOWLEDGED AS TURKISH RESIDENT REGARDING FOREIGN EXCHANGE RESTRICTIONS

As will be recalled, a remarkable change has been made with a presidential decree titled “Decree on the Amendment of the Decision No. 32 on the Protection of the Value of the Turkish Currency” (Decree) published in the Official Gazette dated 13 September 2018 and numbered 30534. Regarding this decree Subparagraph (g) added to the […]

DRAFT GUIDELINE ON PACKAGING INFORMATION AND READABILITY OF FOODS FOR SPECIAL MEDICAL PURPOSES HAS BEEN PUBLISHED

“Draft Guideline on Packaging Information and Readability of Foods for Special Medical Purposes” (“Guideline”), which legislation work continues, has been published on the website by Turkish Medicines and Medical Devices Agency (“Agency”) on 07.06.2022. In this letter, we will share some basic information regarding the content of the aforementioned Guideline. WHAT ARE THE PURPOSE AND […]

When Transferring a Business Enterprise, Is It Possible to Avoid Liability for Pre-Transfer Debts?

According to the definition of “Commercial Enterprise” in paragraph 1 of Article 11 of the Turkish Commercial Code (“TTK”); “A commercial enterprise is an enterprise in which activities are carried out continuously and independently, aiming to generate income exceeding the limit stipulated for the artisan enterprise.” All businesses with the specified elements will now be […]

NOTARY WILL ABLE TO MAKE REAL ESTATE SALES AGREEMENTS AS OF 01.01.2023

Pursuant to the provisions of the Notary Law No. 1512, it is regulated that real estate presale contracts are made in the presence of a notary public as a condition of form. On the other hand, real estate sales contracts could only be drawn up at the land registry offices, not at the notary public. […]