A. Overview As summarized in our previous article (Corporate Tax 101), Turkey has a rather complex tax system with regulated by numerous laws and secondary regulations, especially when it comes to corporate tax. As noted above, there are different tax cycles and different durations for submissions of tax declarations, depending on the tax type. In …
CORPORATE TAX LAW 101 – BEGINNER’s GUIDE FOR FOREIGN INVESTORS
A. Overview Turkey has a complex tax system implemented with numerous separate laws, regulations, communiques and subsequent amendments. Accordingly, the main legal texts regulating the Turkish Tax System are the Tax Procedure Law No. 213 dated January 4, 1961 (Tax Procedure Law), Corporate Tax Law No. 5520 dated June 13, 2006 (Corporate Tax Law), Value …
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How to Issue Corporate Bonds in Turkey
Av. Ali Yurtsever L.L.M Corporate Bonds as a Method of Raising Funds Within the complex structure of capital market instruments, issuing corporate bonds stands out as an efficient method to raise new funds for companies. Allowing companies swift access to new funds can support new hiring practices and benefit the economy, so the practice of …
Plastic Surgery Malpractice in Turkey
Av. Emir Aksoy LL.M, LL.M. IP Medical Tourism and Plastic Surgery Malpractice in Turkey The number of plastic surgery malpractice cases filed is rising, as increasing numbers of foreigners are coming to Turkey for medical tourism purposes. Turkey is widely considered a tourism center, as the country offers a wide selection of resorts and different types …
SHARE TRANSFERS IN JOINT STOCK COMPANIES IN TURKEY – PART II
THE ROLE OF COMPANY SHARE LEDGERS IN SHARE TRANSFERS IN TURKEY Av. Ali Yurtsever L.L.M I. OVERVIEW In Part-I of the corporate law and share transfer series, we reviewed the general rules and procedures relating to share transfers in joint stock companies (JSC) in Turkey. Although the general procedures were reviewed in detail for all types of share …
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The Importance of Due Diligence
Emir Aksoy LL.M, LL.M. IP On a broader sense Due Diligence means the assessment of a company by a prospective buyer through an investigation and analysis of a target company. In this Article our aim is to provide an overview on how to draft a due diligence report (hereinafter referred as “DD”) and with a …