Recent Keynotes of December 2024
International Agreements
- The Resolution of the President dated 26.11.2024 and numbered 9144 on the Approval of the Implementing Protocol on Cooperation between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus on Product Safety Inspection of Products Imported to the Turkish Republic of Northern Cyprus was published in the Official Gazette dated 27.11.2024 and numbered 32735.
- The Resolution of the President dated 26.11.2024 and numbered 9145 on the Approval of the Protocol on the Exchange of Preliminary Information on Vehicles and Goods Crossing the Borders between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated 27.11.2024 and numbered 32735.
- The Resolution of the President dated 26.11.2024 and numbered 9146 on the Approval of the Agreement between the Government of the Republic of Türkiye and the Government of Ukraine on the Establishment of an Electronic Information Sharing System on Goods Carried and Transportation Vehicles was published in the Official Gazette dated 27.11.2024 and numbered 32735.
- The Resolution of the President dated 06.12.2024 and numbered 9226 on the Approval of the Administrative Agreement on the Implementation of the Social Security Agreement signed between the Republic of Türkiye and Romania in Ankara dated 06.07.1999 was published in the Official Gazette dated 07.12.2024 and numbered 32745.
- The Resolution of the President dated 06.12.2024 and numbered 9227 on the Ratification of the Agreement between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus on Facilitation of Industrial Investments in the Turkish Republic of Northern Cyprus by the Citizens of the Republic of Türkiye and the Companies Established in accordance with the Relevant Laws of the Republic of Türkiye was published in the Official Gazette dated 07.12.2024 and numbered 32745.
- The Resolution of the President dated 06.12.2024 and numbered 9228 on the Approval of the Resolution of the Türkiye-EFTA Joint Committee Established by the Free Trade Agreement between the Republic of Türkiye and EFTA States Amending Annex XXI of the above-mentioned Agreement Determining the Working Procedures of the Joint Committee dated 29 August 2023 and numbered 1/2023 was published in the Official Gazette dated 07.12.2024 and numbered 32745.
- The Resolution of the President dated 16.12.2024 and numbered 9251 on the Approval of the Financing Agreement for the 2023 Annual Action Program for Türkiye with Notes was published in the Official Gazette dated 16.12.2024 and numbered 32754 (bis).
- The Resolution of the President dated 16.12.2024 and numbered 9252 on the Ratification of the Protocol on the Development of Trade and Economic Cooperation between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus (TRNC) was published in the Official Gazette dated 17.12.2024 and numbered 32755.
Resolutions of the President
- The Resolution of the President dated 26.11.2024 and numbered 9160 Amending the Exemption Rate in Paragraph (e) of the First Clause of Article 5 of the Corporate Tax Law No. 5520 entered into force through publication in the Official Gazette dated 27.11.2024 and numbered 32735.
- The Resolution of the President dated 26.11.2024 and numbered 9162 Amending the Resolution on the Transfer of Resources to Superior Funds entered into force through publication in the Official Gazette dated 27.11.2024 and numbered 32735.
- The Resolution of the President dated 26.11.2024 and numbered 9166 Amending the Import Regime Resolution entered into force through publication in the Official Gazette dated 27.11.2024 and numbered 32735.
- The Resolution of the President dated 26.11.2024 and numbered 9168 Amending the Resolution on the Implementation of Certain Articles of the Customs Law No. 4458 was published in the Official Gazette dated 27.11.2024 and numbered 32735. This Resolution shall enter into force 30 days after the date of publication.
- The Resolution of the President dated 29.11.2024 and numbered 9206 on the Determination of the Monetary Limit and Type of Goods or Services that can be provided without an Agreement in 2025 within the Scope of Law No. 3212 dated 30.05.1985 was published in the Official Gazette dated 30.11.2024 and numbered 32738. This Resolution shall enter into force on 01.01.2025. The Resolution of the President dated 05.12.2024 and numbered 9207 Amending the List No. (1) Annexed to the Resolution of the Council of Ministers dated 30/9/2013 and numbered 2013/5428 on the Freezing of Assets Held at the Disposition of Persons, Institutions or Organizations Listed by the United Nations Security Council Resolutions No. 1267 (1999), 1988 (2011), 1989 (2011) and 2253 (2015) entered into force through publication in the Official Gazette dated 05.12.2024 and numbered 32743 (bis).
- The Resolution of the President dated 11.12.2024 and numbered 9229 on the Implementation of Temporary Safeguard Measures on Flat Glass Imports Originating from the Islamic Republic of Iran entered into force through publication in the Official Gazette dated 12.12.2024 and numbered 32750.
- The Resolution of the President dated 16.12.2024 and numbered 9269 on the Determination of Single and Lump Sum Tax for Goods Imported Directly from the Turkish Republic of Northern Cyprus entered into force through publication in the Official Gazette dated 17.12.2024 and numbered 32755.
- The Resolution of the President dated 16.12.2024 and numbered 9253 on the Approval of the National Strategy for Regional Development (2024-2028) and Regional Plans (2024-2028) was published in the Official Gazette dated 17.12.2024 and numbered 32755.
Legislation
- The Communiqué (No: 2024/23) Amending the Communiqué on Required Reserves (No: 2013/15) entered into force through publication in the Official Gazette dated 22.11.2024 and numbered 32730.
- The General Communiqué on Tax Procedure Law (Sequence No: 574) was published in the Official Gazette dated 27.11.2024 and numbered 32735.
- The Communiqué Amending the Communiqué on the Procedures and Principles Regarding the Electronic Determination of Building Inspection Organizations to Sign Building Inspection Service Contracts with Building Owners was published in the Official Gazette dated 29.11.2024 and numbered 32737. The provisions of this Communiqué enter into force on different dates.
- The Communiqué on the Implementation of Surveillance in Imports (No: 2024/12) was published in the Official Gazette dated 29.11.2024 and numbered 32737. This Communiqué enters into force on the thirtieth day following the date of publication.
- The Communiqué (Sequence No: 575) Amending the General Communiqué on Tax Procedure Law (Sequence No: 459) entered into force through publication in the Official Gazette dated 30.11.2024 and numbered 32738.
- The Regulation Amending the Regulation on Social Insurance Transactions was published in the Official Gazette dated 02.12.2024 and numbered 32740. This Regulation enters into force at the beginning of the month following the date of publication.
- The Communiqué (Serial No: 576) Amending the General Communiqué on Tax Procedure Law (Serial No: 333) entered into force through publication in the Official Gazette dated 07.12.2024 and numbered 32745.
- The Communiqué Amending the Communiqué on the Implementation of Surveillance in Imports (Communiqué No: 2017/13) was published in the Official Gazette dated 07.12.2024 and numbered 32745. This Communiqué enters into force on the thirtieth day following the date of publication.
- The Communiqué on Safeguard Measures in Imports (No: 2024/10) entered into force through publication in the Official Gazette dated 07.12.2024 and numbered 32745.
- The Communiqué (No: 2025/1) on the Increase in the Lower Limit of the Administrative Fine Stipulated in the First Paragraph of Article 16 of the Law No. 4054 on the Protection of Competition was published in the Official Gazette dated 07.12.2024 and numbered 32745. This Communiqué enters into force on 01.01.2025.
- The Regulation Amending the Implementation Regulation on Construction Tenders entered into force through publication in the Official Gazette dated 10.12.2024 and numbered 32748.
- The Regulation Amending the Regulation on Official Announcements and Advertisements entered into force through publication in the Official Gazette dated 10.12.2024 and numbered 32748.
- The Communiqué Amending the General Communiqué on Public Tenders entered into force through publication in the Official Gazette dated 10.12.2024 and numbered 32748.
- The Communiqué on Prevention of Unfair Competition in Imports (No: 2024/38) entered into force through publication in the Official Gazette dated 12.12.2024 and numbered 32750.
- Customs General Communiqué (Customs Transactions) (Serial No: 210) was published in the Official Gazette dated 14.12.2024 and numbered 32752. This Communiqué enters into force on 01.01.2025.
- Communiqué on Prevention of Unfair Competition in Imports (No: 2024/35) entered into force through publication in the Official Gazette dated 14.12.2024 and numbered 32752.
- The Regulation Amending the Electricity Market Balancing and Settlement Regulation was published in the Official Gazette dated 17.12.2024 and numbered 32755. This Regulation entered into force on 01.01.2025.
- The Regulation Amending the Electricity Market License Regulation entered into force through publication in the Official Gazette dated 17.12.2024 and numbered 32755.
- The Regulation Amending the Electricity Market Ancillary Services Regulation was published in the Official Gazette dated 17.12.2024 and numbered 32755 The provisions of this Regulation enter into force on different dates.
- The Regulation Amending the Regulation on Storage Activities in the Electricity Market was published in the Official Gazette dated 17.12.2024 and numbered 32755. This Regulation enters into force on 01.01.2025.
- The Regulation Amending the Regulation on Unlicensed Electricity Generation in the Electricity Market entered into force through publication in the Official Gazette dated 17.12.2024 and numbered 32755.
- The Regulation on Aggregation Activities in the Electricity Market was published in the Official Gazette dated 17.12.2024 and numbered 32755. This Regulation entered into force on 01.01.2025.
- The Regulation Amending the Regulation on Renewable Energy Resource Guarantee Certificate in the Electricity Market was published in the Official Gazette dated 17.12.2024 and numbered 32755. This Regulation enters into force on 01.01.2025.
- The Regulation Amending the Electricity Network Regulation entered into force through publication in the Official Gazette dated 17.12.2024 and numbered 32755.
- The Regulation Amending the Regulation on the Certification and Support of Renewable Energy Resources was published in the Official Gazette dated 17.12.2024 and numbered 32755. This Regulation enters into force on 01.01.2025.
- The Communiqué on Prevention of Unfair Competition in Imports (No: 2024/32) entered into force through publication in the Official Gazette dated 18.12.2024 and numbered 32756.
- The Communiqué on Prevention of Unfair Competition in Imports (No: 2024/37) entered into force through publication in the Official Gazette dated 18.12.2024 and numbered 32756.
- Communiqué (No: 2024/24) Amending the Communiqué on Reserve Requirements (No: 2013/15) was published in the Official Gazette dated 19.12.2024 and numbered 32757. This Communiqué enters into force on 21.12.2024.
- The Communiqué on the Procedures and Principles to be Followed in Foreign Notification and Requests for Recall was published in the Official Gazette dated 20.12.2024 and numbered 32758. This Communiqué enters into force on 01.01.2025.
- The Communiqué on the Increase of the Monetary Limits in Articles 68 of the Law No. 6502 on the Protection of Consumers and Article 6 of the Regulation on Consumer Arbitration Committees was published in the Official Gazette dated 20.12.2024 and numbered 32758. This Communiqué shall enter into force on 01.01.2025.
- The Communiqué on Administrative Fines to be Imposed in 2025 Pursuant to Article 77 of the Law No. 6502 on the Protection of Consumers was published in the Official Gazette dated 20.12.2024 and numbered 32758. This Communiqué enters into force on 01.01.2025.
- Communiqué on Prevention of Unfair Competition in Imports (No: 2024/36) entered into force through publication in the Official Gazette dated 20.12.2024 and numbered 32758.
- The Communiqué Amending the Communiqué on the Procedures and Principles Regarding the Supply of Petroleum Products Excluding Fuel Oil from Domestic and Foreign Sources was published in the Official Gazette dated 20.12.2024 and numbered 32758. This Communiqué enters into force on 01.01.2025.
- The Communiqué on the Classification of Goods and Services for Trademark Registration Applications (TÜRKPATENT: 2024/2) entered into force through publication in the Official Gazette dated 20.12.2024 and numbered 32758.
- The Communiqué on the Revaluation of the Administrative Fines of the Halal Accreditation Agency for 2025 was published in the Official Gazette dated 20.12.2024 and numbered 32758. This Communiqué enters into force on 01.01.2025.
Competition Board Decisions
- The Competition Board (“Board”) granted individual exemption to the transaction of POTAS Akdeniz Akaryakıt Dağıtım Anonim Şirketi for the use of fuel tanks to other fuel companies through a tender method within the scope of the right to operate the fuel tanks owned by POTAS Akdeniz Akaryakıt Dağıtım Anonim Şirketi at Antalya Airport, as it meets all the conditions listed in Article 5 of the Law No. 4054 on the Protection of Competition. (28.11.2024, 24-50/1139-491)
Mergers and Acquisitions
- The Board authorized the establishment of joint control by Turkey Growth Fund IV L.P and Mete Serkan Sevim over Medianova İnternet Hizmetleri ve Ticaret AŞ, which is solely controlled by Mete Serkan Sevim. (28.11.2024, 24-50/1136-490)
- The Board authorized the establishment of a joint venture to operate as an insurance agency between POCA Bilişim Teknolojileri Anonim Şirketi, which is currently indirectly controlled by Oyak Yatırım Menkul Değerler AŞ, and RCI Banque SA, which is under the sole control of Renault SAS. (28.11.2024, 24-50/1130-487)
- The Board authorized the indirect acquisition of the joint control of Rosenbauer International AG by Mark Mateschitz Beteiligungs GmbH, Pierer Industrie AG and Raiffeisen Beteiligungsholding GmbH through Robau Beteiligungsverwaltungs GmbH. (28.11.2024, 24-50/1122-480)
- The Board authorized the acquisition of indirect joint control of certain subsidiaries, assets and shares of the Computing Technology Industry Association by H.I.G. Capital, L.L.C. and Thoma Bravo, L.P. (28.11.2024, 24-50/1123-481)
- The Board authorized the acquisition of the joint control of Ins Yazılım Sanayi ve Ticaret Anonim Şirketi by Inavitas Enerji Anonim Şirketi, Emin Caner and Habib Kara. (28.11.2024, 24-50/1124-482)
- The Board authorized the acquisition of all and sole control of NN Hayat ve Emeklilik AŞ shares by Zurich Insurance Group Ltd. through Zurich Yaşam ve Emeklilik AŞ. (28.11.2024, 24-50/1129-486)
- The Board decided that the acquisition of 49% of the non-controlling shares of Galataport Istanbul Liman İşletmeciliği ve Yatırımları Anonim Şirketi, which is indirectly controlled by Doğuş Holding Anonim Şirketi through Doğuş Galataport Gayrimenkul Yatırımları ve Ticaret Anonim Şirketi, in which it holds 100% of the shares, by Türkiye Garanti Bankası Anonim Şirketi, Yapı ve Kredi Bankası Anonim Şirketi, Türkiye İş Bankası Anonim Şirketi, T.C. Ziraat Bankası Anonim Şirketi, Türkiye Sınai Kalkınma Bankası Anonim Şirketi and QNB Bank Anonim Şirketi is not subject to authorization. (05.12.2024, 24-52/1165-BD)
- The Board has authorized MBT Teknik Yapı Kimyasalları San. ve Tic. AŞ, which is currently controlled by Murat Erberdi, Beran Beran, Bayrak Ailesi, Sungur Ailesi and Baran Ailesi through varying alliances, to be jointly controlled by the Group B Shareholders consisting of Murat Erberdi, Beran Beran, Bayrak Ailesi, Sungur Ailesi and Baran Ailesi and the Master Builders Solutions Holding GmbH which is ultimately controlled by the Seventh Cinven Fund (No.1) Limited Partnership and the Seventh Cinven Fund (No.1) Limited Partnership. (05.12.2024, 24-52/1163-501)
- The Board authorized the termination of sales of Everlight branded product group, which was sold by Gün-Pa Boyar Madde ve Kimyasal Maddeler Tekstil Sanayi ve Ticaret Limited Şirketi, İlteks Boya ve Kimyevi Maddeler Sanayi ve Ticaret Anonim Şirketi, Meysan-Mensucat Yan Sanayi ve Ticaret Anonim Şirketi, and the transfer of all tangible and intangible assets related to sales channels and sales activities to Elite Boya ve Kimyevi Maddeler Dış Ticaret Anonim Şirketi. (05.12.2024, 24-52/1160-500)
- The Board authorized the acquisition of joint control of QMetric Group Holdings Limited and its subsidiaries indirectly by Cinven Capital Management (SFF) General Partner Limited and Abu Dhabi Investment Authority. (05.12.2024, 24-52/1152-498)
- The Board authorized the acquisition of the shares of OQ Chemicals International Holding GmbH and OIG OQ Infrastruktur GmbH by Atlantik Advisors GmbH & Co. KG through AA AcquiCo 4 GmbH (05.12.2024, 24-52/1151-497)
- The Board authorized the acquisition of the entire issued capital and securities of Pavilion Energy Pte Ltd. by Shell Eastern Trading (Pte) Ltd. (05.12.2024, 24-52/1150-496)
- The Board authorized the merger of Link Bilgisayar Sistemleri Yazılımı ve Donanımı Sanayi ve Ticaret AŞ and Vitalis Teknoloji AŞ (05.12.2024, 24-52/1147-495)
- The Board authorized the acquisition of certain shares and joint control of Vodafone UK Trading Holdings Limited, currently under the sole control of Vodafone Group PLC through Vodafone International Operations Limited, by Brilliant Design Limited, currently under the ultimate control of CK Hutchison Group Telecom Holdings (05.12.2024, 24-52/1146-494)
- The Board authorized the acquisition of the joint control of Activ Software Holdings, LLC by Warburg Pincus LLC and Vista Equity Partners Management, LLC. (12.12.2024, 24/53/1181-510)
- The Board approved the acquisition of sole control of Leoni Kabel GmbH by Time Interconnect Singapore Pte. Ltd. and Luxshare Precision Singapore Pte. Ltd. and Luxshare Precision Singapore Pte. Ltd. and L2-Beteiligungs GmbH (12.12.2024, 24-53/1176-508)
- The Board authorized the acquisition by MYT Netherlands Parent BV of all of the shares of YOXX Net-a-Porter Group S.p.A. controlled by Richemont Italia Holding S.p.A., which is currently wholly owned by Compagnie Financière Richemont S.A. (12.12.2024, 24-53/1174-507)
- The Board authorized the transfer of Sylvan International Biotechnology Co., Ltd. under the sole control of KKR & Co. Inc. to the joint control of KKR & Co. Inc. and Novo Holdings A/S. (12.12.2024, 24-53/1170-504)
- The Board authorized the acquisition of certain shares and sole control of Softwareone Turkey Bilişim Teknolojileri Ticaret Anonim Şirketi by Softwareone AG (12.12.2024, 24-53/1167-503)
- The Board decided that the acquisition of the sole control of Efeler Çiftliği Tarım ve Hayvancılık AŞ, controlled by Söktaş Tekstil Sanayi ve Ticaret AŞ, by Altınmarka Gıda Sanayi ve Ticaret AŞ is not subject to authorization. (20.12.2024, 24-54/1216-BD)
- The Board authorized the acquisition of sole control of SH HoldCo Gmbh by Nippon Express Holdings, Inc. (20.12.2024, 24-54/1222-521)
- The Board authorized the final acquisition of Schenker Aktiengesellschaft, which is under the sole control of Deutsche Bahn Aktiengesellschaft, by DSV A/S. (20.12.2024, 24-54/1221-520)
- The Board authorized the acquisition of the authentication business line of De La Rue plc. by CRANE NXT, Co. (20.12.2024, 24-54/1217-519)
- The Board authorized the establishment of joint control over Smartsheet Inc. by Vista Equity Partners Management, LLC and Blackstone Inc. (20.12.2024, 24-54/1214-518)
- The Board authorized the acquisition of the sole control of Linde Opsan Otomotiv Parça Sanayi ve Ticaret AŞ, which is currently under the joint control of Linde + Wiemann SE & Co. KG and Linde + Wiemann Beteiligungs GmbH and Ersu Family, through KEB Metal Yatırım AŞ owned by Ersu Family. (20.12.2024, 24-54/1208-515)
- The Board authorized the acquisition of sole control of Kellanova by Mars, Incorporated through Acquiror 10VB8, LLC and Merger Sub 10VB8, LLC, which are indirectly controlled by Mars, Incorporated and were established solely for the purposes of the notified transaction. (20.12.2024, 24-54/1191-514)
Energy
- The Resolution of the Energy Market Regulatory Authority (“EMRA”) dated 31.10.2024 and numbered 12963 entered into force through publication in the Official Gazette dated 23.11.2024 and numbered 32731.
- EMRA’s Decision dated 31.10.2024 and numbered 12964 entered into force through publication in the Official Gazette dated 23.11.2024 and numbered 32731.
- EMRA’s Decision dated 28.11.2024 and numbered 13041 was published in the Official Gazette dated 30.11.2024 and numbered 32738. This Decision enters into force on 01.12.2024.
- EMRA Decisions dated 12.12.2024 and numbered 13073, 13074 and 13075 were published in the Official Gazette dated 14.12.2024 and numbered 32752. These Decisions enter into force on different dates.
- EMRA Decision dated 21.11.2024 and numbered 13025 was published in the Official Gazette dated 17.12.2024 and numbered 32755. This Decision enters into force on 01.01.2025.
- EMRA Decisions dated 12.12.2024 and numbered 13064, 13065, 13069, 13070 and 13080 were published in the Official Gazette dated 17.12.2024 and numbered 32755. These Decisions enter into force on 01.01.2025.
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Other Contents
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The Resolution of the President dated 23.11.2022 and numbered 6416 on the Approval of the Economic and Financial Cooperation Agreement - Additional Agreement - signed between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus on...
The Resolution of the President dated 19.10.2022 and numbered 6238 on the Approval of the Memorandum of Understanding Between the Government of the Republic of Turkiye and the Government of the Federal Republic of Nigeria on Cooperation in the Field of Energy was published in the Official Gazette...
The Resolution of the President dated 26.09.2022 and numbered 6090 on the Approval of the Annexed Amendment Protocol signed by the Exchange of Letters dated 12.08.2022 and 31.08.2022 between the Government of the Republic of Turkey and the European Commission on the Amendment to...
The Resolution of the President dated 15.09.2022 and numbered 6080 on the Approval of the Memorandum of Understanding About Implementation of the Multilateral Tax Program Between the Government of the Republic of Turkey and the Organization for Economic Cooperation and Development at...
Since social media has turned into a modern mass communication tool, the concepts of advertising and marketing have been brought to a new dimension. Influencers, who promote various products and services by "influencing" their audience through social media, are driving the next generation of...
The Resolution of the President dated 20.07.2022 and numbered 5801 on the Determination of the Default Interest Rate under the First Paragraph of Article 51 of the Law numbered 6183 on the Collection Procedure of Public Receivables as 2.5% to be Applied Separately for Each Month, was published...
Decision dated 27.06.2022 and numbered 5751 on the Ratification of the Fund Grant Agreement signed between Republic of Turkey Ministry of Labor and Social Security and International Bank for Reconstruction and Development, on 05.05.2022...
The Resolution of the President dated 23.05.2022 and numbered 5596 on the Ratification of the Economic and Financial Cooperation Agreement between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated...
The Resolution of the President dated 23.04.2022 and numbered 5520 on the Approval of the Agreement between the Government of the Republic of Turkey and the Government of the Republic of Cote D’Ivoire Concerning the Reciprocal Promotion and Protection of Investments...
In a decision dated 29.09.2021 with application number 2018/357 (“Decision”), the Constitutional Court decided by a large majority that the applicant's right to property was violated due to the fact that the immovables expropriated for the purpose of mass housing construction...
Pursuant to Art. 101 of the Turkish Civil Code (“CC”) No. 4721, foundations are an ensemble of assets that have legal personality, which comprises of sufficient assets and rights that are allocated by real and legal persons for a determined and perpetual objective. Foundations are legal persons that have “ideal...