The most notable change introduced by the draft is that it lays a higher focus on non-price factors of market definition, such as innovation and quality of products and services.

The Banking Regulatory and Supervisory Authority (the "BRSA") granted certain reporting exemptions for banks' liquidity requirements through its decision dated March 26, 2020 and numbered 8967.

In accordance with the presidential decision, which was published on 25 November 2023, and the rectification letter, which was published on 26 November 2023...

On August 11, 2017, Capital Markets Board of Turkey (the "CMB") announced via its bulletin that binary options and other transactions having similar nature are not within the jurisdiction of CMB.

It is no surprise that in times of global and local economic uncertainties, people are more tend to look for a safe haven to wait for the fluctuations to come to an end.

The amendment allows participation banks to make these lease certificates issuances, thereby likely increasing their frequency.

Project based securities ("PBS"), first introduced in the amendments to the Capital Markets Law No. 6362 on February 25, 2020, are now being regulated by the Draft Communiqué...

The Turkish Revenue Administration has issued the revisions to the stamp duty amounts and the ceiling that will become applicable as of 1 January 2021.

The Law on the Prevention of Financing the Propagation of Weapons of Mass Destruction Number 7262, Canon 20, et. seq., and the Law on Prevention of Laundering Proceeds ...

Certain restrictions have been introduced in Turkey regarding currency transfers across national boundaries.

The Central Bank of the Republic of Türkiye (the "CBRT") made important amendments to Article 13 of the Capital Movements Circular (the "Circular")...

The Presidential Decree numbered 8484 ("Decree") on the revision of the late payment fee rates in the Law on the Procedure for Collection of Public Receivables numbered 6183 ...

Through the promulgation of the Law Amending Some Laws No. 7226 (Law), published in the Official Gazette dated 26th March 2020 and No. 31080 (repeated), two important amendments are made in the tax legislation.

Amendments have been made on the Turkish Currency Value Protection Communique with a Communique no: 2022-32/66 published on the Official Gazette numbered 31814 and dated 19.04.2022.

Mentioned extension will also include taxpayers with a special accounting period whose declaration submission date is 18 May 2020, as per the provisional tax period.

The Revenue Administration of the Ministry of Treasury and Finance, with the General Communiqué of the Tax Procedure Law numbered 563, has decided that taxpayers whose gross sales are below 50 million lira as of December 31, 2023.

The General Communiqué no. 574 on the Tax Procedure Law ("General Communiqué") was published in the Official Gazette dated 27 November 2024 and numbered 32735.

Under the abovementioned agreement, exchange of certain information becomes possible between two countries in relation to American citizens having an account in the financial institutions operating in Turkey...

The rate of the respective default interest, which was 2%, was re-determined as 2,5%, is effective from 1 July 2019.

A game-changing development is unfolding in the world of Turkish fintech, and it's poised to have a significant impact on financial transactions.