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Turkish Revenue Authority’s rulings provide guidance on IT related transactions [TAX ALERT]

Turkish Revenue Authority’s rulings provide guidance on IT related transactions [TAX ALERT]

January 16, 2014. Tags: , , , ,

Recently several rulings have been issued by the Turkish Tax Authority regarding IT (information technology) related transactions. Tax implications of electronic commerce, leasing of servers, …

Turkey provides corporate income tax exemption on certain services [TAX ALERT]

Turkey provides corporate income tax exemption on certain services [TAX ALERT]

December 23, 2013. Tags: , ,

According to a circular that supplemented the Turkish Commercial Income Code on 1 January 2013, the Code provides for the possibility of exempting 50% of …

Turkey: update on recent tax developments [TAX ALERT]

Turkey: update on recent tax developments [TAX ALERT]

July 19, 2013. Tags: , ,

This Alert summarizes recent Turkish tax developments including: An information exchange agreement with Bermuda Approval of an income tax treaty with Malta An evaluation of tax inspection reports Further …

Turkey issues draft wealth amnesty law for repatriation of funds [TAX ALERT]

Turkey issues draft wealth amnesty law for repatriation of funds [TAX ALERT]

July 11, 2013. Tags: , ,

The Turkish government sent a bill (the Bill) to the parliament on 24 April 2013 with the objective of encouraging the repatriation of funds held …

Turkey: who’s liable for VAT on e-commerce?

Turkey: who’s liable for VAT on e-commerce?

July 9, 2013. Tags: , , , ,

The rise of e-commerce poses difficult questions for legislators trying to collect VAT on these transactions. How is Turkey dealing with the problem?

Turkey announces rate changes on deposit interest withholding taxes, foreign currency loans (RUSF), and stamp tax [TAX ALERT]

Turkey announces rate changes on deposit interest withholding taxes, foreign currency loans (RUSF), and stamp tax [TAX ALERT]

January 16, 2013. Tags: , , ,

On 1 January 2013, the Council of Ministers Decree No. 2012/4116 (the Decree) was published in the Official Gazette. The Decree revises withholding tax rates …

Growth in rapid-growth markets to slow but quick rebound expected

Growth in rapid-growth markets to slow but quick rebound expected

November 2, 2012. Tags: , , , ,

Indonesia, Turkey and Vietnam rising stars among RGMs.

Turkey: VAT and Customs changes bring benefits to business

Turkey: VAT and Customs changes bring benefits to business

April 2, 2012. Tags: , ,

This new process should accelerate the resolution of tax disputes for indirect taxes and improve the controversy process for the benefit of taxpayers and the Turkish customs authority alike.

Turkey, Malta sign new double taxation treaty

Turkey, Malta sign new double taxation treaty

August 22, 2011. Tags: , ,

On 14 July 2011, the governments of Malta and Turkey signed a new income tax treaty (treaty) for the avoidance of double taxation. The treaty will …

First unilateral APA signed in Turkey

First unilateral APA signed in Turkey

July 29, 2011. Tags: , ,

The Turkish Revenue Administration (TRA) announced the conclusion of the first unilateral advanced pricing agreement (APA) in Turkey. Although the bulletin, published on the official website …

Turkey implements encryption import controls

Turkey implements encryption import controls

July 4, 2011. Tags: ,

Turkey now restricts the import, manufacture and use of encryption technology. Accordingly, authorization from the Board of Information Technologies and Communication (the Board) is required to …

Turkey limits distance selling of sports nutrition products and cosmetics

Turkey limits distance selling of sports nutrition products and cosmetics

June 15, 2011. Tags: , ,

On 19 April 2011, the Customs General Directorate published Circular no. 2011/23 that establishes import restrictions for sports nutrition products and cosmetics. Sports nutrition products, including …

Changes to domestic social security regulations for certain international assignees working in Turkey

Changes to domestic social security regulations for certain international assignees working in Turkey

May 12, 2011. Tags: , , ,

Changes to domestic social security regulations for certain international assignees working in Turkey. The Social Security Institution has published a new regulation (No.27862 and dated 2 …

Turkey welcomes new commercial code

Turkey welcomes new commercial code

March 23, 2011. Tags: , ,

The new Turkish Commercial Code No. 6102 (new Commercial Code) has been accepted by the Grand National Assembly and published in the Official Gazette on 14 February …

Turkey plans the most comprehensive tax amnesty ever

Turkey plans the most comprehensive tax amnesty ever

December 14, 2010. Tags: , , ,

On 15 November 2010, explanations regarding the draft law planned to be introduced in respect of restructuring of many public receivables – primarily taxes and …

Turkey increases inspections regarding intra-group services

Turkey increases inspections regarding intra-group services

December 7, 2010. Tags: , , ,

There has been an increase in the number of inspections carried out by the Turkish tax authority regarding intra-group services such as management fees, cost …

Recent Turkish court decision on use of Amadeus database

Recent Turkish court decision on use of Amadeus database

October 11, 2010. Tags: , ,

Regulations on transfer pricing in Turkey were introduced in 2007 with strict documentation obligations. Accordingly, taxpayers are required to prepare annual documentation reports in order …

Update on Turkish withholding tax changes; Council of Ministers Decree is published

Update on Turkish withholding tax changes; Council of Ministers Decree is published

October 6, 2010. Tags: , ,

The Council of Ministers Decree was published on 30 September 2010 regarding the withholding tax rate applied to the securities income of investors. According to …

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