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Legal Updates in Turkish Tax Law Q1/2012
Focus item for this edition: New Incentive Package
Legal Updates for Turkish Tax Law Q4/2011
Focus item for this edition is: Publishing of Tax Rulings on Turkish IRS Website
ADOPTION OF CHILDREN IN TURKEY
By İlayda Balkan
Adoption subject is regulated between the Articles 305-320 of the Turkish Civil Code dated November 22, 2001 (TCC) and the statute titled 'Execution of Interventions Regarding Adoption’ based on Council of Ministers Decision No. 2009/14729 (Adoption Statute).
Newsletter: Tax
(1) Decree No. 2010/926 (2) Decree No. 2010/1182
Tax: Law No. 6009
Following the cancellation of the 0% withholding tax for non-resident investors by the decision of the Constitution Court, the lawmaker has passed a new provision on Temporary Article 67 of the Income Tax Law regulating the taxation of trading in securities in Turkey (Law No.6009) to be effective 1 October 2010.
No changes to Income Tax Law - Temporary Article 67
As expected and advised, there have been no changes to the tax rates following the promulgation of the Council of Ministers expected decree on terms of taxation under Temporary Article 67 of Income Tax Law (Law No. 193), which governs portfolio investments by all resident and non-resident investors (Council of Ministers Decree No. 2010/926 dated September 27, 2010) (Official Gazette No. 27715 dated September 30, 2010).