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Here you can access most recent articles on legislative updates regarding Personal Data Protection Law, Social Security Law, Taxation Law, Occupational Health and Safety Law, Code of Obligations, Labor Law, Turkish Commercial Code, Law on Protection of the Value of Turkish Currency, Foreign Exchange Legislation, and Immigration Law in Türkiye.
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You can access the dates of the most recent international bilateral social security and double taxation treaties made between Türkiye and other countries and relevant documents here.
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Within the scope of Provisional 13th Article of Turkish Commercial Code numbered as 6102, added with 17/04/2020 dated and 7244 numbered Law; it has been decided that "until 30/09/2020, capital companies can only decide to distribute 25% of 2019 period net profit, previous years'profits and free capital reserves cannot be included within the decision, and company board cannot receive authorization of advance dividend payment from general assembly".
The communiqué published in the 31130 numbered Official Gazette on 17.5.2020, provides explanations regarding the procedures and principles of executing the provisional 13th article of the Turkish Commercial Code.
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Category Taxation Law
Due to the curfew to be imposed within the scope of Covid-19 outbreak precautions, with the 12.05.2020 dated and VUK-130 / 2020-9 numbered circular, Revenue Administration of The Ministry of Treasury and Finance has extended submission and payment of Provisional Tax Returns, which belong to 2020 1st Provisional Tax Period (January-February-March), until the end of 28 May 2020, Thursday, instead of May 18 2020.
With the joint press statement given on 15 March 2020 by the Ministry of Family, Labor and Social Services, Ministry of Treasury and Finance and Ministry of Industry and Technology; it was declared that teknopark companies will be able to conduct their activities outside of the area until the end of April 2020, by notifying the ministry, and can continue to benefit from exemptions and incentives.
Category Social Security Law and Legislation, Taxation Law
Due to the curfew declared for 31 provinces on 24/4/2020, the circular numbered VUK-129 / 2020-8 was published by the Revenue Administration of the Ministry of Treasury and Finance, on 21.04.2020; as per the authorization granted by the articles of 17 and recurrent 28 of Tax Procedural Law.
Within the scope of the related circular; VAT declarations of 2020/February, which were required to be submitted until 24 April 2020, and of 2020/March, which were required to be submitted until 27 April 2020 (including 2020/January-February-March period of the taxpayers whose taxation is on a quarterly basis); submission periods of Value Added Tax Declarations and their payments have been extended until the end of 28 April 2020.