Turkey

New Tax Measures for Investors and High-Net-Worth Individuals

The Law No. 7582 on “Amendments to Certain Laws”(in Turkish “Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun” hereinafter referred to as the “Law”) has been adopted on 21 May 2026 and was published at the Turkish Official Gazette under number 33270 on 4 June 2026. The Law introduces various tax regulations, primarily concerning the inclusion of…

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Turkey: Principle Decision By The Turkish Data Protection Authority

10 July 2025 The Turkish Data Protection Authority (“Authority”) published a principle decision (“Decision”) dated 10 June 2025 and numbered 2025/1072 on the processing of personal data by sending verification codes via SMS to data subjects during the provision of products and services. The Decision was published in Official Gazette dated 26 June 2025 and…

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Turkey: Administrative Fines of the Personal Data Protection Authority through E-Notification System

As per the public announcement dated 10 June 2025 of the Personal Data Protection Authority (in Turkish, “Kişisel Verileri Koruma Kurumu”, the “Authority”), a significant transformation has been initiated in the procedures and principles regarding the notification of administrative fines imposed under the Law on the Protection of Personal Data (in Turkish, “Kişisel Verilerin Korunması…

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Turkey: NEW THRESHOLD FOR WAGE AND OTHER EMPLOYMENT PAYMENTS VIA BANK TRANSFER

In this article, we would like to inform you about a recent amendment concerning wage and other payments of employees, namely; Regulation Amending the Regulation on the Payment of Wages, Bonuses, and All Types of Receivables of This Nature via Banks (in Turkish, “Ücret, Prim, İkramiye ve Bu Nitelikteki Her Türlü İstihkakın Bankalar Aracılığıyla Ödenmesine…

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