ErsoyBilgehan Publications

24 June 2020

Client Alert

THE DEADLINE FOR REGISTRATION WITH DATA CONTROLLERS’ REGISTRY HAS BEEN EXTENDED DUE TO COVID-19:

The Data Protection Board has announced that it has extended the deadline for registration with the Data Controllers’ Registry Information System (“VERBIS”) with its decision 2020/482.

Hande PAT, Yusuf Mansur ÖZER

12 June 2020

Client Alert

WEEKLY REPORTING REQUIREMENT FOR SOME TURKISH BORROWERS IMPOSED BY THE CENTRAL BANK OF THE REPUBLIC OF TURKEY:

Hazal ÖRNEKOL, Emre ERSOY

01 June 2020

Client Alert

GOVERNMENT RAISES TAX ON FOREIGN CURRENCY PURCHASES FROM 0.2% TO 1%:

Effective from the date of publication of the decree, the BITT rate will be increased from 0.2% to 1%

Yusuf Mansur ÖZER, ErsoyBilgehan

28 May 2020

Client Alert

DEADLINES FOR THE CENTRALIZED COMMERCIAL MESSAGE MANAGEMENT SYSTEM ARE EXTENDED:

The Ministry of Commerce extended the deadline for registering the opt-in consents of recipients with IYS until 31 August 2020 with an announcement on the Ministry’s website on 23 May 2020. Accordingly, the recipients will need to check the opt-in consents registered in their names by 1 December 2020.

Hande PAT, Yusuf Mansur ÖZER

21 May 2020

Client Alert

GOVERNMENT PUBLISHES EXCEPTIONS TO RESTRICTIONS ON DISTRIBUTION OF PROFITS:

Exceptions to restrictions on companies’ distribution of their net profits in 2019 was published in the Official Gazette on 17 May 2020 through the Communiqué on the Principles and Procedures of Implementation of the Temporary Article 13 of the Turkish Commercial Code and entered into force the same day.

Hande PAT, Yusuf Mansur ÖZER

13 May 2020