Recent Keynotes of July 2023

International Agreements

• The Grant Agreement signed on 06.04.2023 between the Ministry of Treasury and Finance of Republic of Türkiye, Development and Investment Bank of Turkey (TKYB) and German Development Bank (KfW) was published in the Official Gazette dated 04.07.2023 and numbered 32238.
• The Grant Agreement signed on 06.04.2023 between the Ministry of Treasury and Finance of Republic of Türkiye, Industrial Development Bank of Turkey (TSKB) and German Development Bank (KfW) was published in the Official Gazette dated 04.07.2023 and numbered 32238.
• The Resolution of the President dated 14.07.2023 and numbered 7383 on the Approval of Amendment No. 1 to the Annexed Amendments to the Financing Agreements for the Annual Action Program for Turkey for 2019 signed on behalf of the Republic of Türkiye in Ankara on 16 June 2023 was published in the Official Gazette dated 15.07.2023 and numbered 32249.

Resolutions of the President

• The Resolution of the President dated 21.06.2023 and numbered 7318 on the Amendment to the Import Regime Resolution was published in the Official Gazette dated 22.06.2023 and numbered 32229. This Resolution of the President enters into force on 01.07.2023.
• The Resolution of the President dated 22.06.2023 and numbered 7322 on the Implementation of Tariff Quotas on the Import of Certain Industrial Products was published in the Official Gazette dated 23.06.2023 and numbered 32230. This Resolution of the President enters into force on 01.07.2023.
• The Resolution of the President dated 27.06.2023 and numbered 7332 on the Withholding Rates in the Provisional Article 67 of the Income Tax Law No. 193 entered into force through publication in the Official Gazette dated 28.06.2023 and numbered 32235.
• The Resolution of the President dated 06.07.2023 and numbered 7343 on the Amendment to the Resolution Annexed to the Resolution of the Council of Ministers dated 12.01.2009 and numbered 2009/14592 on the Withholding Rates in Article 94 of the Income Tax Law No. 193 entered into force through publication in the Official Gazette dated 07.07.2023 and numbered 32241.
• The Resolution of the President dated 06.07.2023 and numbered 7344 on the Redetermination of the Amount of Fixed Fees in the Tariffs in the Law No. 492 on Fees was published in the Official Gazette dated 07.07.2023 and numbered 32241. This Resolution of the President enters into force on the day following the date of its publication.
• The Resolution of the President dated 06.07.2023 and numbered 7345 on the Amendment to the Annex Decision of the Council of Ministers Decision dated 28.08.1998 and numbered 98/11591 on the Determination of the Banking and Insurance Transactions Tax Ratios in Article 33 of the Expense Tax Law No. 6802 entered into force through publication in the Official Gazette dated 07.07.2023 and numbered 32241.
• The Resolution of the President dated 06.07.2023 and numbered 7346 on the Amendment to the Resolution on the Determination of Value Added Tax Rates Applicable to Goods and Services was published in the Official Gazette dated 07.07.2023 and numbered 32241. This Resolution of the President enters into force on the third day following the date of publication.
• The Resolution of the President dated 16.07.2023 and numbered 7390 on the Redetermination of Special Consumption Tax Amounts for the Goods in the List No. (I) Annexed to the Special Consumption Tax Law No. 4760 entered into force through publication in the Official Gazette dated 16.07.2023 and numbered 32250.

Legislation

• The Communiqué Amending the Communiqué on the Implementation of Energy Performance Contracts in Public Sector entered into force through publication in the Official Gazette dated 23.06.2023 and numbered 32230.
• The Communiqué Amending the Communiqué on the Implementation of Surveillance on Imports (Communiqué No: 2018/5) was published in the Official Gazette dated 23.06.2023 and numbered 32230. This Communiqué enters into force on the thirtieth day following the date of publication.
• The Communiqué on Administration Quotas and Tariff Quota in Imports (No: 2023/4) was published in the Official Gazette dated 23.06.2023 and numbered 32230. This Communiqué enters into force on 02.07.2023.
• The Communiqué on Administration Quotas and Tariff Quota in Imports (No: 2023/5) was published in the Official Gazette dated 23.06.2023 and numbered 32230. This Communiqué enters into force on 01.07.2023.
• The Communiqué (No: 2023/12) on the Amendment to the Communiqué on the Procedures and Principles Regarding the Fees to be Charged by Banks to Commercial Customers (No: 2020/4) entered into force through publication in the Official Gazette dated 23.06.2023 and numbered 32230.
• The Communiqué (Number: 2023/13) Amending the Communiqué on Maximum Interest Rates Applicable to Credit Card Transactions (Number: 2020/16) entered into force through publication in the Official Gazette dated 23.06.2023 and numbered 32230.
• The Minimum Wage Determination Commission Decision was published in the Official Gazette dated 24.06.2023 and numbered 32231. This Decision enters into force on 01.07.2023.
• The Communiqué on Interest Rates to be Applied in Rediscount and Advance Transactions entered into force through publication in the Official Gazette dated 24.06.2023 and dated 32231.
• The Communiqué Amending the Communiqué on Securities Maintenance (No: 2023/14) entered into force through publication in the Official Gazette dated 25.06.2023 and numbered 32232. The provisions of this communiqué enter into force on different dates.
• The Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers entered into force through publication in the Official Gazette dated 27.06.2023 and numbered 32234.
• The Communiqué Amending the Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service Providers in the Field of Payment Services entered into force through publication in the Official Gazette dated 27.06.2023 and numbered 32234.
• The Regulation Amending the Regulation on Second Hand Motor Vehicle Trade was published in the Official Gazette dated 06.07.2023 and numbered 32240. This Regulation enters into force on 15.07.2023.
• The Regulation on Istanbul Finance Center entered into force through publication in the Official Gazette dated 07.07.2023 and numbered 32241.
• The Communiqué (Sequence No: 417) Amending the General Communiqué on National Real Estate (Sequence No: 244) entered into force through publication in the Official Gazette dated 07.07.2023 and numbered 32241.
• The Communiqué (No: 2023/15) Amending the Communiqué on Supporting Conversion to Turkish Lira Deposit and Participation Accounts (No: 2021/14) entered into force through publication in the Official Gazette dated 07.07.2023 and numbered 32241.
• The Communiqué (Serial No: 192) on the Amendment to the Customs General Communiqué (Customs Transactions) (Serial No: 94) entered into force through publication in the Official Gazette dated 08.07.2023 and numbered 32242.
• The Communiqué (No: 2023/16) Amending the Communiqué on Required Reserves (No: 2013/15) was published in the Official Gazette dated 08.07.2023 and numbered 32242. This communiqué enters into force on the date of its publication effective as of 07.07.2023.
• The Communiqué on Procurements to be made by Direct Procurement Method was published in the Official Gazette dated 11.07.2023 and numbered 32245. This Communiqué enters into force on 01.02.2024.
• The Communiqué Amending the General Communiqué on Public Procurement was published in the Official Gazette dated 11.07.2023 and numbered 32245. This Communiqué enters into force on 01.02.2024.
• The Regulation Amending the Electricity Market License Regulation entered into force through publication in the Official Gazette dated 13.07.2023 and numbered 32247.
• The Regulation Amending the Electricity Network Regulation entered into force through publication in the Official Gazette dated 13.07.2023 and numbered 32247.
• The General Communiqué on the Law on Fees (Serial No: 93) was published in the Official Gazette dated 13.07.2023 and numbered 32247. This communiqué enters into force on the date of its publication, effective as of 08.07.2023.
• The Regulation Amending the Road Transport Regulation was published in the Official Gazette dated 16.07.2023 and numbered 32250. The provisions of this Regulation enter into force on different dates.
• The Communiqué on Safeguard Measures in Imports (No: 2023/4) entered into force through publication in the Official Gazette dated 16.07.2023 and numbered 32250.
• The Communiqué on Prevention of Unfair Competition in Imports (No: 2023/21) entered into force through publication in the Official Gazette dated 20.07.2023 and numbered 32254.

Mergers and Acquisitions

• The Competition Board (“Board”) authorized the establishment of a fully functional joint venture between Nestlé S.A. and PAI Partners S.à.r.l. in relation to Nestlé S.A.’s frozen pizza business in Andorra, Belgium, Czech Republic, Denmark, Germany, Greece, Hungary, Iceland, Italy, Luxembourg, Malta, Netherlands, Slovakia, Sweden, United Kingdom, Austria, Portugal, Spain and Switzerland. (22.06.2023, 23-28/531-180)
• The Board authorized the acquisition of sole control of Toshiba Corporation by Japan Industrial Partners, Inc. (22.06.2023, 23-28/536-181)
• The Board authorized the acquisition of sole control of Mimosa Networks Inc. by Reliance Industries Limited through its subsidiary Radisys Corporation. (22.06.2023, 23-28/543-183)
• The Board authorized the indirect acquisition of joint control over DAIWA RESORT Co., Ltd. and its subsidiaries by The Goldman Sachs Group, Inc. and Platinum Spring B 2019 RSC Limited. (22.06.2023, 23-28/544-184)
• The Board authorized the acquisition of sole control of Webhelp S.A.S. by Concentrix Corporation through Osyris S.à.r.l. (22.06.2023, 23-28/545-185)
• The Board authorized the acquisition of a certain portion of the capital of Beam Teknoloji A.Ş. by Kalkınma Girişim Sermayesi Portföy Yönetimi A.Ş. Innovative and Advanced Technologies Participation Venture Capital Investment Fund through a capital increase. (22.06.2023, 23-28/546-186)
• The Board authorized the acquisition of joint control of MELECS EWS GmbH by Invest Unternehmensbeteiligungs AG and Raiffeisen OÖ Invest GmbH & Co OG. (22.06.2023, 23-28/556-188)
• The Board authorized the acquisition by Meridiam SAS of all shares of KI One SA held by Kulczyk Investments SA and, as a result, indirectly of KI One SA's shares in Autostrada Wielkopolska SA, Autostrada Wielkopolska II SA, Autostrada Eksploatacja SA and A2 Route sp. z o.o. Autostrada Wielkopolska SA, Autostrada Eksploatacja SA and A2 Route sp z o.z.o. and the indirect acquisition by Meridiam SAS of a certain percentage of shares held directly by Kulczyk Investments SA in Autostrada Wielkopolska SA. (22.06.2023, 23-28/549-BD)
• The Board decided that the transaction regarding the acquisition of sole control of Atlas Tersanecilik Sanayi ve Ticaret A.Ş. as a result of the acquisition of the shares of Yeniköy Enterprise BV in Atlas Tersanecilik Sanayi ve Ticaret A.Ş. by Desan Deniz İnşaat Sanayi A.Ş. in two stages is not subject to authorization. (22.06.2023, 23-28/550-BD)

Energy

• The Decisions of the Energy Market Regulatory Authority (“EMRA”) dated 22.06.2023 and numbered 11917, 11923, 11928, 11929 and 11930 were published in the Official Gazette dated 24.06.2023 and numbered 32231. These Decisions enter into force on 01.07.2023.
• The Decision of EMRA dated 03.07.2023 and numbered 11933 was published in the Official Gazette dated 04.07.2023 and numbered 32238.
• The Decision of EMRA dated 13.07.2023 and numbered 11952 was published in the Official Gazette dated 16.07.2023 and numbered 32250.
• The Decision of EMRA dated 13.07.2023 and numbered 11956 entered into force through publication in the Official Gazette dated 16.07.2023 and numbered 32250.