Turkey's Public Oversight, Accounting and Audit Standards Authority ("Authority") has amended rules and requirements for independent auditors from 1 January 2019.

The Regulation entered into force on 26.02.2016.

It is no secret that the Turkish economy has been suffering from a few problems.

Implications of the 2025 Decision on Amending the Criteria for Independent Audit in Turkey should be throughly kept in mind by corporate managements.

In its decision No. E. 2023/105 K. 2023/208 dated 30 November 2023 ("Constitutional Court Decision" or "Decision"), the Constitutional Court of the Republic...

Turkey’s struggle as a candidate country to join the European Union ("<B>EU</B>"), has gained stream during the last years. Many reforms have been realized especially in areas underlined in the Regular Report on Turkey’s progress towards accession pertaining to the year 2003 ("<B>Regular Report 2003</B>").

New regulations were made on transfer pricing with the "Communiqué on Amendments to the General Communiqué on Disguised Profit Distribution through Transfer Pricing (Serial No: 1) No. 5" published...

Companies that are not required to keep their books in electronic environment shall continue to maintain their books in accordance with the provisions of the Communiqué on Commercial Books

30 Aralık 2023 tarihli ve 32415 (2. Mükerrer) sayılı Resmî Gazete'de Hazine ve Maliye Bakanlığı (Gelir İdaresi Başkanlığı)'nca yayımlanan 555 Sıra No.lu Vergi Usul Kanunu Genel Tebliği ile; 2023...

In Turkey, wide-ranging procedures and principles apply to loans provided by banks which are regulated under the Regulation on Loan Transactions of Banks ("Regulation").

On 21 October 2022, the Banking Regulatory and Supervisory Authority ("BRSA") published BRSA Decision No. 10389 ("Tightening Decision") to tighten the restrictions set forth under the BRSA...

The Turkish Commercial Code (“TCC”) was adopted in 1956, inspired by arguably the best codes of its age and since then, it was only sporadically updated. An overall effort to modernize the TCC has been in progress for the past five years, and finally, the relevant Commission of the Ministry of Justice presented the “Turkish Commercial Code Draft” (“Draft Code”) for public opinion in late February 2005.

Applications for the qualification certificate are received electronically.

The Official Gazette of April 30, 2024, has published the General Communiqué No. 560 under the Tax Procedure Law ("Communiqué"), announcing a pivotal regulation...

213 sayılı Vergi Usul Kanunun mükerrer 298 inci maddesinin (A) fıkrası ve geçici 33 üncü maddesi gereğince 2023 hesap dönemi sonu ve izleyen hesap dönemlerine...

Turkey has introduced significant amendments to its independent audit requirements through Presidential Decision 11066, substantially raising the threshold values that determine...

Furthermore, the calculation of the service fee to be paid by the building owners to the construction audit companies was also amended.

The Regulation on Commissioner for Concordat and Creditors' Committee and The Regulation on Documents to be added to the Concordat Request were published in Official Gazette numbered 30671 dated 30 January 2019.

"General Communiqué No 4 on Disguised Profit Distribution by Way of Transfer Pricing" Has Been Published Regarding the Postponement of the Deadline for the Notification Filing and the Country-by-Country

The Communiqué on Amending the Corporate Tax General Communiqué Serial No. 21 was published in the Official Gazette No. 32119 on March 1, 2023.