We are approaching the final days for the submission of the 2024 Corporate Tax Return for taxpayers who are subject to corporate tax, as economic activities are carried out by capital companies (limited liability companies, joint-stock companies, and limited partnerships with shares), cooperatives, economic public institutions, associations, or foundations that own economic enterprises or joint...

The Regulation on the Organization of the Competition Authority (“Regulation”), which sets out the organizational structure, exercise of powers, functioning, management, duties, powers and responsibilities of service units and working procedures and principles of the Turkish Competition Authority (“Authority”), entered into force upon its publication in the Official Gazette dated 21.04.2025. The Regulation on the...

As a result of a joint study conducted by the Personal Data Protection Authority and the Turkish Payment and Electronic Money Institutions Association, the Guidelines on Best Practices for the Protection of Personal Data in the Payment and Electronic Money Sector were published on April 11, 2025. This comprehensive 98-page guide covers a wide range...

The Communiqué on Commercial Electronic Message Management System Integrators (“Communiqué”) regulates the procedures and principles regarding the recording of commercial electronic message approval and rejection information in the Message Management System (“IYS”), the realization of these transactions through the IYS through integrators or by service providers, the authorization of integrators and the revocation of their...

Among the four major secondary regulations related to crypto assets published in the Official Gazette on March 13, 2025, is the Communiqué Amending the Communiqué on Independent Audit of Information Systems (III-62.2) (“Communiqué”), issued by the Capital Markets Board and consisting of 5 articles. The Communiqué will enter into force on June 30, 2025. The...

The Communiqué on Amendments to the Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service Providers in the Field of Payment Services (“Communiqué”) was published on 28.03.2025 and entered into force. The Communiqué amended the Regulation on Payment Services, Issuance of Electronic Money and Payment Service Providers...

The Regulation on Amendments to the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”) was published and entered into force on 28.03.2025. Payment service providers who have payment accounts that may be related to payment services and provide direct online access to their customers for the payment accounts they hold...

Communiqué No. 2025-32/74 (“Communiqué No. 2025-32/74”) and Communiqué No. 2025-32/75 (“Communiqué No. 2025-32/75”) amending Communiqué No. 2008-32/34 (“Communiqué No. 2008-32/34”) on Decree No. 32 on the Protection of the Value of the Turkish Currency entered into force after being published in the Official Gazette on 28.03.2024. With the Communiqué No. 2025-32/74, the phrase “gold, silver...

The “Law Amending the Capital Markets Law No. 7518” amending various articles of the Capital Markets Law No. 6362 (“Law”) entered into force after being published in the Official Gazette dated 02.07.2024 and numbered 32590. With the said regulation, crypto asset service providers are subject to the regulation and supervision of the Capital Markets Board...

Among four significant secondary regulations regarding crypto assets published in the Official Gazette on March 13, 2025, the Communiqué on the Establishment and Operating Principles of Crypto Asset Service Providers (III-35/B.1) (“Communiqué”) issued by the Capital Markets Board (“Board”) stands out with its 57 articles. Key regulations in the Communiqué can be summarized as follows:...