Liabilities of Board Members of Capital Companies in Turkey

Av. Ali Yurtsever 1. Overview The main legislation governing the duties, responsibilities and the liabilities of board members of capital companies in Turkey, (JSCs and LLCs) is the Turkish Commercial Code No. 6102, (TCC). As a rule, the TCC requires the Board Members to act as cautious executives and protect the interests of the company …

CAPITAL INVESTMENT IN TURKEY

Av. Ali Yurtsever 1. OVERVIEW Over the past few years, several different developments, both transnational and domestic, have had effect of making capital investment in Turkey a more desirable and approachable prospect for foreign investors. These developments range from global socio-political changes to internal economical issues Turkey has been experiencing these past several years, making …

CORPORATE TAX LAW 102 – Tax ID, Cycles, Submission of Declarations & Invoicing in Turkey

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 …

8 Principles for Lawful Personal Data Processing in Turkey

Av. Ali Yurtsever L.L.M Personal Data Processing & LPDP The legal landscape surrounding digital data has been steadily changing and evolving over the years. The overall pace of this change increased with Europe’s implementation of the GDPR, which pushed other countries to adapt to this new set of rules and regulations. To keep up with the …

Personal Data Protection in Turkey

Av. Ali Yurtsever L.L.M The Law on Personal Data Protection With the implementation of the Law on Personal Data Protection No. 6698 (‘the LPDP’), new rules and obligations were imposed on data controllers and data processors. The LPDP further stipulated serious monetary fines and prison sentences to those who violate these obligations. Unfortunately, most data controllers/processors …

Early Dismissal of Foreign Academics In Turkish Universities

Av. Ali Yurtsever L.L.M I. Legal Standing of Foreign Academics in Turkey The legal standing of academic personel (and foreign academics) employed in universities have been the subject of long-standing debates, mainly due to the conflicting decisions and precedents issued by the higher courts (Court of Appeals and the Council of State). The main issue with this …

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