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Turkey's Law Number 6111 Print E-mail

ImageA new amnesty law has been introduced in Turkey that allows for settlement of existing tax liabilities and immunity against a potential tax audit for individual taxpayers.Turkey’s Law number 6111 (referred to as the “Tax Amnesty law”) was published in the official gazette (Resmi Gazete) on 25 February 2011, and entered in to force on the same day.
This Flash International Executive Alert aims to provide general insight and explain the provisions of the Tax Amnesty law affecting individual taxpayers only.

 

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Working in Turkey Print E-mail

ImageThere is a lot of paperwork to be done before you start working in Turkey.
Work Permits are either obtained from the Ministry of Labor and Social Security (Çalışma ve Sosyal Güvenlik Bakanlığı) or from the Consulates of Turkish Republic abroad.

 

 

 

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Details on Registering Property in Turkey Print E-mail

ImageStandardized Property

Property Value

TL  629,667.49

City:  Istanbul

 

 

 

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Details on Starting a Business in Turkey Print E-mail

ImageProcedure 1

Execute and notarize articles of association, signature declaration of the managers, copies of each manager’s identity card or passport and commercial books.

Time to complete(days): 1

Cost to complete: Articles of Associations 900 TL.

 

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Import Regulations in Turkey Print E-mail

ImageOverview

Overall, Turkey has a relatively free market for trade in goods and services as a result of liberalization measures introduced over the past two decades. Turkey follows basic WTO rules to regulate imports and tariff structures and has adopted the European Union (EU)'s common customs tariff for imports from third countries. Turkey signed a customs union with the EU in 1996, eliminating all duties and charges on goods imported from EU member countries, excluding services, public procurement and unprocessed agricultural products. Turkey has signed free trade agreements with various countries and extends preferential treatment for least developed countries and some developing countries.

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