Recent Keynotes of October 2021

October 2021
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International Agreements

  • The Resolution of the President dated 27.09. 2021 and numbered 4510 on the Approval of the “Amendment to the Montreal Protocol (Kigali Amendment-2016)” agreed at the Twenty-Eighth Meeting of the Parties, together with the Attached Declaration, was published in the Official Gazette dated 28.09.2021 and numbered 31612.
  • The Resolution of the President dated 30.09.2021 and numbered 4542 on the Approval of the Agreement between the Government of the Republic of Turkey and the Secretariat of the United Nations Convention to Combat Desertification Regarding the Implementation of the Ankara Initiative and the Protocol Amending the Agreement on the Implementation of the Ankara Initiative, signed in Bonn on April 4, 2016, between the Government of the Republic of Turkey and the Secretariat of the United Nations Convention to Combat Desertification, was published in the Official Gazette dated 01.10.2021 and numbered 31615.
  • The Resolution of the President dated 04.10.2021 and numbered 4597 between the Government of the Republic of Turkey and the European Union, Represented by the European Commission, on the Approval of the Agreement Amending the Financing Agreement Concerning the Multiannual Operational Program “Regional Competitiveness” For Community Assistance from the Instrument for Pre-Accession Assistance Under the “Regional Development” Component in Turkey between the Government of the Republic of Turkey and the European Commission with the Attached Notes was published in the Official Gazette dated 04.10.2021 and numbered 31618 (bis).
  • The Resolution of the President dated 07.10.2021 and numbered 4618 on the Approval of the Paris Agreement with the Attached Declaration was published in the Official Gazette dated 07.10.2021 and numbered 31621 (bis).
  • The Resolution of the President dated 16.10.2021 and numbered 4621 on the Approval of the Attached Grant and Project Implementing Agreement Signed Between the Ministry of Industry and Technology of the Republic of Turkey and the German Development Bank on 13.01.2021 was published in the Official Gazette dated 17.10.2021 and numbered 31631.

Resolutions of the President

  • The Resolution of the President dated 29.09.2021 and numbered 4517 on the Amendment to the Resolution Regarding the Determination of the Value Added Tax Rates that will be Applied to Goods and Services was published in the Official Gazette dated 30.09.2021 and numbered 31614. This Resolution enters into force on 01.10.2021.
  • The Resolution of the President dated 30.09.2021 and numbered 4559 on the Application of Tariff Quotas for the Import of Certain Products Originating from the Swiss Confederation or the Principality of Liechtenstein entered into force through publication in the Official Gazette dated 01.10.2021 and numbered 31615.
  • The Resolution of the President dated 30.09.2021 and numbered 4561 on Withholding Rates in Provisional Article 67 of Income Tax Law No. 193 was published in the Official Gazette dated 01.10.2021 and numbered 31615. The provisions of this Resolution enter into force on different dates.
  • The Resolution of the President dated 14.10.2021 and numbered 4620 on the Determination of General Investment and Financing Program of State-Owned Economic Enterprises and Subsidiaries for 2022 was published in the Official Gazette dated 15.10.2021 and numbered 31629. The provisions of this Resolution enter into force on different dates.

Legislation

  • The Communiqué on the Amendment to the Communiqué on Financial Statements and Related Explanations and Footnotes to be Announced by Banks to the Public entered into force through publication in the Official Gazette dated 21.09.2021 and numbered 31605.
  • The Communiqué on the Amendment to the Communiqué on Explanations on Risk Management to be Announced by Banks to the Public entered into force through publication in the Official Gazette dated 21.09.2021 and numbered 31605.
  • The Regulation on the Amendment to the Customs Regulation was published in the Official Gazette dated 24.09.2021 and numbered 31608. The provisions of this Regulation enter into force on different dates.
  • The Regulation on Electronic Notification to be Made by the Social Security Organization was published in the Official Gazette dated 24.09.2021 and numbered 31608. This Regulation enters into force on 01.10.2021.
  • The Regulation on the Amendment to the Regulation on Arbitration in the Field of Insurance entered into force through publication in the Official Gazette dated 25.09.2021 and numbered 31609.
  • The Regulation on the Amendment to the Regulation on Intermediaries Trading on Commodity Exchanges entered into force through publication in the Official Gazette dated 25.09.2021 and numbered 31609.
  • The Regulation on the Amendment to Wage Guarantee Fund Regulation entered into force through publication in the Official Gazette dated 30.09.2021 and numbered 31614.
  • The Code of Civil Procedure Advance Expense Tariff entered into force through publication in the Official Gazette dated 02.10.2021 and numbered 31616.
  • The Code of Civil Procedure Arbitrator Fee Tariff entered into force through publication in the Official Gazette dated 02.10.2021 and numbered 31616.
  • The Code of Civil Procedure Witness Fee Tariff entered into force though publication in the Official Gazette dated 02.10.2021 and numbered 31616.
  • The Regulation on the Amendment to the Regulation on Establishment, Activity, Operation and Auditing Principles of Stock Markets and Market Operators entered into force through publication in the Official Gazette dated 06.10.2021 and numbered 31620.
  • The Regulation on the Amendment to the Regulation on Establishment, Activity, Operation and Auditing Principles of the Central Securities Depository entered into force through publication in the Official Gazette dated 06.10.2021 and numbered 31620.
  • The Regulation on the Amendment to the Regulation on the General Regulation on the Establishment and Operation Principles of Central Clearing Institutions entered into force through publication in the Official Gazette dated 06.10.2021 and numbered 31620.
  • The Regulation on the Amendment to the Regulation on Activity, Operation and Auditing Principles of the Data Storage Institution entered into force through publication in the Official Gazette dated 06.10.2021 and numbered 31620.
  • The Communiqué Serial No: 252 on the Amendment to the Income Tax General Communiqué (Serial No: 315) entered into force through publication in the Official Gazette dated 06.10.2021 and numbered 31620.
  • The Law numbered 7335 and dated 06.10.2021 on the Approval of the Resolution Approving the Paris Agreement entered into force through publication in the Official Gazette dated 07.10.2021 and numbered 31621.
  • The Regulation on Fees to be Collected under the Law numbered 1567 on Protection of the Value of Turkish Currency entered into force through publication in the Official Gazette dated 12.10.2021 and numbered 31626.
  • The Communiqué (Communiqué No: 2018-32/45) on the Amendment to the Communiqué on the Decree No. 32 on Protection of the Value of Turkish Currency (No: 2021-32/62) entered into force through publication in the Official Gazette dated 12.10.2021 and numbered 31626.
  • The Communiqué (Export 2021/8) on the Amendment to the Communiqué on Goods Subject to Registered Export (Communiqué No: Export 2006/7) entered into force through publication in the Official Gazette dated 12.10.2021 and numbered 31626.
  • The Communiqué on the Amendment to the Communiqué on State-Supported Commercial Receivables Insurance Tariff and Instruction for Small and Medium-Sized Enterprises entered into force through publication in the Official Gazette dated 14.10.2021 and numbered 31628.
  • The Regulation on the Amendment to the Regulation on Procedures and Principles Regarding the Implementation of the Electronic Signature Law entered into force through publication in the Official Gazette dated 15.10.2021 and numbered 31629.
  • The Communiqué (Export 2021/9) on the Amendment to the Communiqué on Goods Subject to Registered Export (Communiqué No: Export 2006/7) entered into force through publication in the Official Gazette dated 16.10.2021 and numbered 31630.
  • The Communiqué (II-26.1.ç) on the Amendment to the Communiqué on Take-Over Bids (II-26.1) entered into force through publication in the Official Gazette dated 16.10.2021 and numbered 31630.
  • The Communiqué (III-58.1.c) on the Amendment to the Communiqué on Securities Backed by Assets or Mortgages (III-58.1) entered into force through publication in the Official Gazette dated 16.10.2021 and numbered 31630.
  • The Communiqué (Serial No: 532) on the Amendment to the General Communiqué on Tax Procedure Law (Serial No: 486) entered into force through publication in the Official Gazette dated 19.10.2021 and numbered 31633.

Competition Board Decisions

  • The Competition Board (“Board”) granted individual exemption to the “Dealership Agreement" signed between Toyota Türkiye Pazarlama ve Satış A.Ş. and its authorized services. (30.09.2021, 21-46/664-331)
  • The Board granted conditional individual exemption to the "Health Insurance Agency Agreement" concluded between Cigna Sağlık Hayat ve Emeklilik A.Ş. and QNB Finansbank A.Ş. until 01.01.2028. (30.09.2021, 21-46/660-329)

Mergers and Acquisitions

  • The Board decided that the acquisition of some of the Republic of Uzbekistan State Assets Management Agency’s capital shares of Coca-Cola Bottlers Uzbekistan Ltd. LLC by Coca-Cola İçecek A.Ş through CCI International Holland BV is not subject to authorization. (23.09.2021, 21-4/652-BD)
  • The Board authorized the acquisition of the sole control of Moov Dijital Ulaşım Çözümleri Ticaret A.Ş by Getir Perakende Lojistik A.Ş. (23.09.2021, 21-44/653-324)
  • The Board authorized the acquisition of Metristepe Wind Power Plant, whose production license and operating rights are currently held by Can Enerji Entegre Elektrik Üretim A.Ş. by İnova Elektrik Üretim San. ve Tic. Inc. (23.09.2021, 21-44/643-320)
  • The Board authorized the acquisition of the sole control of PepsiCo Inc. in the fruit juice sector by PAI Partners S.à.r.l. (23.09.2021, 21-44/646-319)
  • The Board authorized the acquisition of the sole control of PPD Inc. by Thermo Fisher Scientific Inc. (30.09.2021, 21-46/659-328)
  • The Board authorized the indirect acquisition of the sole control of Specialty Chemicals International B.V. by Black Diamond Capital Management L.L.C. (30.09.2021, 21-46/658-327)
  • The Board authorized the acquisition of the indirect joint control of Flash Topco Inc, which is the parent company of Dynamo Software Group and currently under the sole control of Francisco Partners Management L.P. by Blackstone Inc. (30.09.2021, 21-46/656-326)
  • The Board authorized the acquisition of the sole control of Atotech Limited by MKS Instruments Inc. (07.10.2021, 21-48/690-342)
  • The Board authorized the acquisition of the sole control of Allnex Holding GmbH by PTT Global Chemical Public Company Limited through PTT GC International (Netherlands) B.V. (07.10.2021, 21-48/689-341)
  • The Board authorized the acquisition of the sole control on Reebok International Ltd (ABD), Reebok International Limited (UK) and Reebok Marketing GmbH by Authentic Brands Group LLC. (07.10.2021, 21-48/684-340)

Energy

  • The decision of the Energy Market Regulatory Authority (“EMRA”) dated 09.2021 and numbered 10449 entered into force through publication in the Official Gazette dated 01.10.2021 and numbered 31615.
  • The decisions of the EMRA dated 30.09.2021 and numbered 10441-1, 10441-2 and 10441-3 were published in the Official Gazette dated 05.10.2021 and numbered 31619.
  • The decisions of the EMRA dated 09.2021 and numbered 10442-1 and 10442-2 were published in the Official Gazette dated 07.10.2021 and numbered 31621.
  • The decision of the EMRA dated 10.2021 and numbered 10489 entered into force through publication in the Official Gazette dated 15.10.2021 and numbered 31629.
  • The decision of the EMRA dated 10.2021 and numbered 10492 was published in the Official Gazette dated 19.10.2021 and numbered 31633. This Decision enters into force on 01.01.2022.

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