Recent Keynotes July 2016

July 2016
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International Agreements

  • The Resolution of the Council of Ministers dated 06.06.2016 numbered 2016/8876 on the Ratification of the Grant Agreement Concluded between The Republic of Turkey and the Council of Ministers of Ukraine for Healthcare Field was published in the Official Gazette dated 23.06.2016 and numbered 29751.
  • The Resolution of the Council of Ministers dated 06.06.2016 and numbered 2016/8917 on the Ratification of the Grant Agreement Concluded between The Republic of Turkey and Islamic Republic of Afghanistan was published in the Official Gazette dated 26.06.2016 and numbered 29754.
  • The Resolution of the Council of Ministers dated 06.06.2016 and numbered 2016/8900 on the Ratification of the Memorandum of Understanding on Establishment of Common Custom Committee concluded between the Republic of Turkey Ministry of Customs and Trade and Turkish Republic of Northern Cyprus Ministry of Finance was published in the Official Gazette dated 29.06.2016 and numbered 29757.
  • The Resolution of the Council of Ministers dated 13.06.2016 and numbered 2016/8961 on the Ratification of Economic and Financial Collaboration Agreement was published in the Official Gazette dated 29.06.2016 and numbered 29757.
  • The Resolution of the Council of Ministers dated 13.06.2016 and numbered 2016/8967 on the Ratification of the Memorandum of Understanding on the Collaboration on in the Field of Energy, Hydrocarbon and Mining concluded between the Republic of Turkey and the Republic of Gambia was published in the Official Gazette dated 30.06.2016 and numbered 29758.
  • The Resolution of the Council of Ministers dated 06.06.2016 and numbered 2016/8899 on the Ratification of the Collaboration Protocol on Protection of Consumers concluded between the Republic of Turkey Ministry of Customs and Trade and Turkish Republic of Northern Cyprus Ministry of Economy, Industry and Commerce was published in the Official Gazette dated 30.06.2016 and numbered 29758.
  • The Resolution of the Council of Ministers dated 06.06.2016 and numbered 2016/8946 on the Ratification of the Air Transportation Agreement concluded between the Republic of Turkey and the Republic of Sierra Leone was published in the Official Gazette dated 01.07.2016 and numbered 29759.
  • The Resolution of the Council of Ministers dated 06.06.2016 and numbered 2016/8909 on the Ratification of the Air Transportation Agreement concluded between the Republic of Turkey and the Republic of Zimbabwe was published in the Official Gazette dated 02.07.2016 and numbered 29760.

Resolution of the Council Ministers

  • The Resolution of the Council of Ministers dated 13.06.2016 and numbered 2016/8947 regarding the Amendment to Supplemental Resolution on Importation Regime Principles was published in the Official Gazette dated 24.06.2016 and numbered 29752.
  • The Resolution of the Council of Ministers dated 29.06.2016 numbered 2016/8998 on the Amendment to the Resolution of the Council on Determination of Value Added Tax Rate to be Implemented to Goods and Services entered into force through publication in the Official Gazette dated 30.06.2016 and numbered 29758.

Legislation

  • The General Communiqué on Tax Procedural Code (Serial No: 471) entered into force through publication in the Official Gazette dated 21.06.2016 and numbered 29749.
  • The Regulation on the Amendment to the Regulation on Equity of Banks was published in the Official Gazette dated 22.06.2016 and numbered 29750. The Regulation will enter into force on 01.01.2017.
  • The Regulation on Procedures and Principles on the Sale and Purchase of Precious Metal of Banks was published in the Official Gazette dated 22.06.2016 and numbered 29750. The Regulation will enter into force on 01.01.2017.
  • The Regulation on Classification of Loans and the Provisions to be Reserved for These Loans Procedures and Principals was published in the Official Gazette dated 22.06.2016 and numbered 29750. The Regulation will enter into force on 01.01.2017.
  • Law numbered 6720 on the Ratification of the Amendment Protocol to the Convention for the Prevention of Double Taxation on Income concluded between the Republic of Turkey and the Kingdom of Belgium on 02.06.1987 was published in the Official Gazette dated 24.06.2016 and numbered 29752.
  • The Communiqué on the Incentive to be Applied to Labor Cost in Underground Coal Facilities (Serial Number: 1) entered into force through publication in the Official Gazette dated 26.06.2016 and numbered 29754.
  • The Regulation on the Electronic Communication Infrastructure and Information System was published in the Official Gazette dated 13.07.2016 and numbered 29769. The Regulation will enter into force on 13.10.2016.
  • The Regulation on Amendment to Regulation on Mine Waste was published in the Official Gazette dated 16.07.2016 and numbered 29772. The Regulation will enter into force on 16.07.2018.
  • The Regulation on Retailer Council entered into force through publication in the Official Gazette dated 19.07.2016 and numbered 29775.

Competition Board Decisions

  • The Competition Board granted negative clearance to the Purchase Agreement concluded between Servier İlaç ve Araştırma A.Ş. and Zirve Ecza Deposu İlaç Sağ. Ürün. San. Tic. Ltd. Şti. (23.06.2016, 16-21/363-169).

Energy

  • The Regulation on Support of Utilization of Domestic Equipment in Energy Facilities Generating Electricity from Renewable Energy Sources entered into force through publication in the Official Gazette dated 24.06.2016 and numbered 29752.

Constitutional Court Decisions

  • Constitutional Court Decision numbered E.2015/55 and K. 2016/45 cancelled the expression of “on the expropriation date” in the paragraph (f) of Article 11 of Expropriation Law numbered 4650 and dated 04.11.1983 was published in the Official Gazette dated 28.06.2016 and numbered 29756.

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