PUBLICATIONS

DEVELOPMENTS IN TRANSFER PRICING

The Law No. 6728 Amending Some Laws for the purpose of Improvement of the Investment Environment entered into force with the Official Gazette dated 09.08.2016 and numbered 29796 (the “Law No. 6728”) and the following matters in Article 13 of the Corporate Tax Law No. 5520 has been amended in order to overcome the problems that may be experienced in practice and to comply with the international legislation. 

 

MONEY LAUNDERING LEGISLATION HAS BEEN EXPANDED TO COVER ELECTRONIC MONEY AND PAYMENT INSTITUTIONS AS OBLIGED PARTIES

A new regulation (“New Regulation”) amending the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism (published in the Official Gazette dated 09.01.2008 with the number 26751) is published in the Official Gazette dated 18.03.2016 with the number 29657.

RATIFICATION OF THE AGREEMENT BETWEEN TURKEY AND UNITED STATES TO IMPROVE INTERNATIONAL TAX COMPLIANCE THROUGH ENHANCED EXCHANGE OF INFORMATION (“FATCA AGREEMENT”)

Turkey finally ratified the FATCA Agreement between Turkey and United States to Improve International Tax Compliance Through Enhanced Exchange of Information on March 16th, 2016 with the publication of the Law No. 6677...

RECENT AMENDMENTS IN LEGISLATION ON ASSET MANAGEMENT COMPANIES

The Banking Regulation and Supervision Agency (“BRSA”) introduced new principles applicable to the asset management companies with the new regulation published in the Official Gazette dated 5 March 2016 and No. 29644 amending the Regulation on Principles of Incorporation and Activities of Asset Management Companies published in the Official Gazette dated 1 November 2006 and No. 26333.