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news & Publıcatıons
06 Jun: GENERAL COMMUNIQUÉ ON TAX PROCEDURE LAW

The General Communiqué on Tax Procedure Law No. 538 (the “Communiqué”) issued by the Revenue Administration (the “Administration”) has been published in the Official Gazette No. 31852 on 31.05.2022. According to the Communiqué, it became mandatory to notify the Administration when movable or immovable properties, goods and services are sold or rented via internet.

06 May: DECISION ON AMENDMENT OF “THE DECISION REGARDING THE DETERMINATION OF THE VALUE ADDED TAX RATES TO BE APPLIED TO GOODS AND SERVICES” (the “DECISION”)

Pursuant to Presidential Decision numbered 5359 which was published in Official Gazette dated 29 March 2022 and numbered 31749, “Decision on Amendment of the Decision Regarding the Determination of the Value Added Tax Rates to be Applied to Goods and Services” (the “Amendment Decision”) will enter into force as of April, 1 2022.

06 Apr: MONTREUX CONVENTION REGARDING THE REGIME OF THE STRAITS

Montreux Convention regarding the Regime of the Straits (the “Convention”), signed in Montreux on July 20th, 1936, is an international convention that authorizes the Republic of Turkey to regulate the full control of the Bosphorus and Dardanelles Strait (the “Straits”) and the passage of the war ships. The Convention regulates the passage regimes while making a distinction regarding the peace and war periods. Accordingly, while the Convention guarantees the free passage of the civil ships through the Straits during peacetime, it limits the passage of the war ships of the countries which do not have a coast to the Black Sea during wartime. Such limitations vary depending on whether Turkey is one of the countries at war. Today the Convention still maintains its importance and some of the significant provisions of the same are as follows:

05 Mar: DETERMINATION OF THE FOREIGN COMPETENT COURT UNDER THE JURISDICTION AGREEMENTS

Article 47 of the Law numbered 5718 on International Private and Procedural Law (the “Law”) regulates the determination of the competent court by a jurisdiction agreement granting the foreign courts jurisdiction. Pursuant to the relevant article, “in cases where the jurisdiction is not determined on the basis of exclusive jurisdiction, the parties can agree that the dispute between them, which has a foreign element and arises from their debt relations, will be settled by a foreign court”.