International Agreements

  • The Resolution of the President dated 24.09.2020 and numbered 3012 on the Approval of the Protocol between the Government of the Republic of Turkey and the Government of Ukraine to Amend the Agreement between the Government of the Republic of Turkey and the Government of Ukraine for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital, was published in the Official Gazette dated 25.09.2020 and numbered 31255.
  • The Resolution of the President dated 24.09.2020 and numbered 3013 on the Approval of the Agreement between the Government of the Republic of Turkey and the Government of the Republic of Rwanda for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, was published in the Official Gazette dated 25.09.2020 and numbered 31255.
  • The Resolution of the President dated 24.09.2020 and numbered 3014 on the Approval of the Decision of EU-CTJ Joint Committee dated 4.12.2019 and numbered 1/2019 on the amendment to the Appendixes of the Convention on Common Transit Procedure dated 20.05.1987, was published in the Official Gazette dated 25.09.2020 and numbered 31255.
  • The Resolution of the President dated 01.10.2020 and numbered 3038 on the Approval of the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports, was published in the Official Gazette dated 01.10.2020 and numbered 31261 (bis).
  • The Resolution of the President dated 01.10.2020 and numbered 3039 on the Approval of the Agreement between the Government of the Republic of Turkey and the Government of the People's Republic of China regarding the Reciprocal Promotion and Protection of Investments, was published in the Official Gazette dated 01.10.2020 and numbered 31261 (bis).

Resolutions of the President

  • The Resolution of the President dated 23.09.2020 and numbered 2952 on the Principles on the Amendment to the Principles on Employing Contracted Employees, was published in the Official Gazette dated 24.09.2020 and numbered 31254.
  • The Resolution of the President dated 29.09.2020 and numbered 3031 on the Amendment of the Attached Decision of Cabinet Decree dated 28.8.1998 and numbered 98/11591 on the Banking and Insurance Transactions Tax Ratios included in Article 33 of Expenditure Tax Law numbered 6802, was published in the Official Gazette dated 30.09.2020 and numbered 31260.
  • The Resolution of the President on the Withholding Rates Stipulated in Provisional Article 67 of Income Tax Law numbered 193, was published in the Official Gazette dated 30.09.2020 and numbered 31260.
  • The Resolution of the President on the Approval of the Medium Term Fiscal Plan (2021-2023) prepared by the Ministry of Treasury and Finance and the Strategy and Budget Directorate, was published in the Official Gazette dated 08.10.2020 and numbered 31268 (bis).

Legislation

  • The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding the Support and Price Stability Fund Payments within the Scope of Government Aid for Export, entered into force through publication in the Official Gazette dated 23.09.2020 and numbered 31253.
  • The Regulation on the Amendment to the Regulation on Unlicensed Electricity Generation in the Electricity Market, entered into force through publication in the Official Gazette dated 23.09.2020 and numbered 31253.
  • The Communiqué (Export 2020/16) on the Amendment to the Communiqué on Exemption from Tax, Duties and fees in Export, Transit Trade, Sales and Deliveries Regarded as Export and Foreign Currency Earning Services and Activities (Export: 2017/4), entered into force through publication in the Official Gazette dated 23.09.2020 and numbered 31253.
  • Civil Procedure Law Advance Expense Tariff was published in the Official Gazette dated 24.09.2020 and numbered 31254. This Tariff entered into force on 01.10.2020.
  • Civil Procedure Law Arbitrator Fee Tariff was published in the Official Gazette dated 24.09.2020 and numbered 31254. This Tariff entered into force on 01.10.2020.
  • Civil Procedure Law Witness Fee Tariff was published in the Official Gazette dated 24.09.2020 and numbered 31254. This Tariff entered into force on 01.10.2020.
  • The Regulation on the Amendment to the Regulation on Bank Cards and Credit Cards entered into force through publication in the Official Gazette dated 25.09.2020 and numbered 31255.
  • The Regulation on the Amendment to the Regulation on Broadcasting Service Procedures and Principles entered into force through publication in the Official Gazette dated 29.09.2020 and numbered 31259.
  • The Regulation on the Amendment to the Customs Regulation was published in the Official Gazette dated 30.09.2020 and numbered 31260.
  • The Communiqué on the Amendment to the Communiqué on Applications for Tenders entered into force through publication in the Official Gazette dated 30.09.2020 and numbered 31260.
  • The Communiqué on the Amendment to the General Communiqué on Public Procurement was published in the Official Gazette dated 30.09.2020 and numbered 31260. Various provisions of this Communiqué enter into force on different dates.
  • The Communiqué (II-17.1.a) on the Amendment to the Communiqué on Corporate Governance (II-17.1) entered into force through publication in the Official Gazette dated 02.10.2020 and numbered 31262.
  • The Regulation on the Amendment to the Regulation on Transportation of Dangerous Goods by Road entered into force through publication in the Official Gazette dated 07.10.2020 and numbered 31267.
  • The General Communiqué on the Tax Procedural Law (Order No: 520) entered into force through publication in the Official Gazette dated 07.10.2020 and numbered 31267.
  • The Communiqué on Other Activities That Can Be Carried Out by the Central Registry Agency Inc. in Addition to the Payment and Securities Settlement System Operations entered into force through publication in the Official Gazette dated 08.10.2020 and numbered 31268.
  • The Regulation on the Amendment to the Regulation on the Procedures and Principles of General Assembly Meetings of Joint Stock Companies and Representatives of Ministry of Customs and Trade to be present at these Meetings was published in the Official Gazette dated 09.10.2020 and numbered 31269. Various provisions of this Regulation enter into force on different dates.
  • The Communiqué (II-14.2.c) on the Amendment to the Communiqué on Financial Reporting Principles of Mutual Funds (II-14.2) entered into force through publication in the Official Gazette dated 09.10.2020 and numbered 31269.
  • The Communiqué (III-48.1.e) on the Amendment to the Communiqué on the Principles of Real Estate Investment Trusts (III-48.1) entered into force through publication in the Official Gazette dated 09.10.2020 and numbered 31269.
  • The Communiqué (III-52.4.b) on the Amendment to the Communiqué on the Principles of Venture Capital Investment Funds (III-52.4) entered into force through publication in the Official Gazette dated 09.10.2020 and numbered 31269.
  • The Regulation on the Amendment to the Regulation on Import was published in to the Official Gazette dated 13.10.2020 and numbered 31273. This Regulation enters into force on 12.11.2020.
  • The Regulation on the Amendment to the Regulation on Real Estate Trade entered into force through publication in the Official Gazette dated 14.10.2020 and numbered 31274.
  • The Regulation on the Amendment to the Regulation for Implementation of Foreign Direct Investment Law entered into force through publication in the Official Gazette dated 16.10.2020 and numbered 31276.
  • The Communiqué (No: 2020/22) on Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 17.10.2020 and numbered 31277.
  • The Communiqué on the Amendment to the Communiqué on Internet Domain Names entered into force through publication in the Official Gazette dated 17.10.2020 and numbered 31277.

Competition Board Decisions

  • The Competition Board ("Board") granted individual exemption within the framework of Article 5 of Law No. 4054 to the agreement that was prepared by the Board of Caste Agencies Association and will be published on the Association's website, provided that the statements leading to indirect price determination regarding the terms of payment are removed from the agreement. (24.9.2020, 20-43/588-262)

Mergers and Acquisitions

  • The Board decided that liquidation transactions to be conducted by converting the receivables of Ziraat Bankası A.Ş., Türkiye Halk Bankası and Türkiye Vakıflar Bankası T.A.O. from Keskinoğlu Tavukçuluk ve Damızlık İşletmeleri San. ve Tic. A.Ş. into participation shares, is not within in its scope. (24.09.2020, 20-43/602-BD)
  • The Board authorized the acquisition of the sole control of Moka Ödeme Kuruluşu A.Ş. by Türkiye İş Bankası A.Ş. and is not subject to authorization. (24.09.2020, 20-43/601-BD)
  • The Board authorized the acquisition of the sole control of Nexans Metallurgie Deutschland GmbH by Mutares SE & Co. KG aA via Mutares Holding-36 GmbH (09.2020, 20-43/595-266)
  • The Board authorized the indirect acquisition of the sole control of professional and retail hair products and nail care industries of Coty Inc. by KKR & Co. Inc. (24.09.2020, 20-43/594-265)
  • The Board authorized the acquisition of the sole control of Yapıloji İnşaat Taahhüt Doğalgaz Isıtma Soğutma Sistemleri Pazarlama Sanayi ve Ticaret A.Ş. by Copa Endüstriyel Ürünler Pazarlama A.Ş. (01.10.2020, 20-44/609-269)
  • The Board authorized the acquisition of the sole control of Yapıloji İnşaat Taahhüt Doğalgaz Isıtma Soğutma Sistemleri Pazarlama Sanayi ve Ticaret A.Ş. by Copa Endüstriyel Ürünler Pazarlama A.Ş. (10.2020, 20-44/609-269)
  • The Board authorized the acquisition of the sole control of Arc Holdings SAS by Private Theory Luxco Sàrl. (10.2020, 0-44/603-267)

Energy

  • The Energy Market Regulatory Authority ("EMRA") Decision dated 10.09.2020 and numbered 9534, entered into force through publication in the Official Gazette dated 22.09.2020 and numbered 31252.
  • The EMRA Decisions dated 24.09.2020 and numbered 9566-1, 9566-2, 9568, 9575, were published in the Official Gazette dated 27.09.2020 numbered 31257.
  • The Announcement in the publication of the Sectoral Reports for July, 2020, was published on the official website of the EMRA on 30.09.2020.
  • The EMRA Decisions dated 30.09.2020 and numbered 9579, 9580 and 9581, were published in the Official Gazette dated 01.10.2020 numbered 31261.
  • The EMRA Decisions dated 01.10.2020 and numbered 9583, 9587 and 9589, entered into force through publication in the Official Gazette dated 03.10.2020 numbered 31263.
  • The EMRA Decision dated 05.10.2020 and numbered 9598, entered into force through publication in the Official Gazette dated 06.10.2020 numbered 31266.
  • The EMRA Decisions dated 08.10.2020 and numbered 9602 and 9604, were published in in the Official Gazette dated 10.10.2020 numbered 31270.
  • The EMRA Decision dated 15.10.2020 and numbered 9615, was published in the Official Gazette dated 20.10.2020 numbered 31280.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.