Recent Keynotes of April 2022
International Agreements
- The Resolution of the President dated 23.03.2022 and numbered 5350 on the Approval of the Agreement between the Government of the Republic of Turkey and the United Nations Technology Bank for the Least Developed Countries on the Renewal of Turkey’s Financial Contribution to the Technology Bank was published in the Official Gazette dated 24.03.2022 and numbered 31788.
- The Resolution of the President dated 06.04.2022 and numbered 5392 on the Approval of the Trade and Economic Cooperation Agreement between the Government of the Republic of Turkey and the Government of the Republic of Zimbabwe was published in the Official Gazette dated 07.04.2022 and numbered 31802.
- The Resolution of the President dated 06.04.2022 and numbered 5394 on the Approval of the Agreement between the Republic of Turkey and the United Nations Concerning the Establishment of the OCHA Office in Istanbul was published in the Official Gazette dated 07.04.2022 and numbered 31802.
Resolutions of the President
- The Resolution of the President dated 22.03.2022 and numbered 5349 on the Enforcement of the Attached Decision Amending Council of Ministers Annex Resolution dated 28/8/1998 and numbered 98/11591 on Determining the Banking and Insurance Transactions Tax Rate Under Article 33 of Expenditure Tax Law No. 6802 entered into force through publication in the Official Gazette dated 23.03.2022 and numbered 31787.
- The Resolution of the President dated 28.03.2022 and numbered 5359 on the Amendment of the Resolution on Determination of Value Added Tax Rates to be Applied to Goods and Services was published in the Official Gazette dated 29.03.2022 and numbered 31793.
- The Resolution of the President dated 31.03.2022 and numbered 5360 on the Amendment of the Council of Ministers Annex Resolution dated 22.07.2006 and numbered 2006/10731 on Stoppage Rates under Provisional Article 67 of the Income Tax Law No. 193 entered into force through publication in the Official Gazette dated 01.04.2022 and numbered 31796.
- The Resolution of the President dated 18.04.2022 and numbered 5422 Regarding the Determination of the Effective Dates of Certain Agreements was published in the Official Gazette dated 19.04.2022 and numbered 31814.
- The Resolution of the President dated 18.04.2022 and numbered 5428 on the Amendment of the Resolution on Pricing of Medicinal Products for Human Use entered into force through publication in the Official Gazette dated 19.04.2022 and numbered 31814.
- The Resolution of the President dated 18.04.2022 and numbered 5429 on the Re-determination of the Minimum Fixed Tax Amount Applied to Certain Goods in Schedule (A) of the List (III) annexed to the Special Consumption Tax Law No. 4760 entered into force through publication in the Official Gazette dated 19.04.2022 and numbered 31814.
- The Resolution of the President dated 18.04.2022 and numbered 5430 on the Re-determination of the Minimum Fixed Tax Amount Applied to Certain Goods in Schedule (B) of the List (III) annexed to the Special Consumption Tax Law No. 4760 entered into force through publication in the Official Gazette dated 19.04.2022 and numbered 31814.
- The Resolution of the President dated 18.04.2022 and numbered 5431 on the Re-determination of Special Consumption Tax Bases to which Special Consumption Tax Rates for Certain Goods in the List (IV) annexed to the Special Consumption Tax Law No. 4760 Will Be Applied entered into force through publication in the Official Gazette dated 19.04.2022 and numbered 31814.
- The Resolution of the President dated 19.04.2022 and numbered 5444 on the Amendment of the Resolution Regarding the Implementation of Additional Customs Duty on Imports entered into force through publication in the Official Gazette dated 20.04.2022 and numbered 31815.
- The Resolution of the President dated 19.04.2022 and numbered 5445 on the Principles on the Amendment of the Principles Regarding the Establishment and Duties of the Export Credit Bank of Turkey entered into force through publication in the Official Gazette dated 20.04.2022 and numbered 31815.
- The Resolution of the President dated 19.04.2022 and numbered 5448 Regarding the Definition, Classification and Support of the Service Export entered into force through publication in the Official Gazette dated 20.04.2022 and numbered 31815.
Legislation
- The Regulation on the Amendment of the Regulation on the Technological Product Investment Support Program entered into force through publication in the Official Gazette dated 22.03.2022 and numbered 31786.
- The Communiqué (No: 2022/15) on the Amendment of the Communiqué (No: 2021/16) on Encouraging Conversion of Gold Accounts to Turkish Lira Deposit and Participation Accounts entered into force through publication in the Official Gazette dated 22.03.2022 and numbered 31786.
- The Communiqué (No: 2022/14) on the Amendment of the Communiqué (No: 2021/14) on Encouraging Conversion to Turkish Lira Deposit and Participation Accounts entered into force through publication in the Official Gazette dated 22.03.2022 and numbered 31786.
- The Communiqué (No: 2022/13) on the Amendment of the Communiqué (No: 2022/7) on The Communiqué on The Deposit and Participation Scheme for Non-Resident Turkish Citizens’ Accounts entered into force through publication in the Official Gazette dated 22.03.2022 and numbered 31786.
- The Communiqué on the Report on Information Systems and Independent Audit of Business Processes entered into force through publication in the Official Gazette dated 25.03.2022 and numbered 31789.
- The Communiqué (No: 2022/10) on the Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 26.03.2022 and numbered 31790.
- The Communiqué (No: 2022/11) on the Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 26.03.2022 and numbered 31790.
- The Communiqué (No: 2022/9) on the Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 30.03.2022 and numbered 31794.
- The Law on the Amendment of the Law on the Protection of Consumers numbered 7392 and the Law on Condominiums was published in the Official Gazette dated 01.04.2022 and numbered 31796. The provisions of this Law enter into force on different dates.
- The Regulation on the Amendment of the Private Hospitals Regulation entered into force through publication in the Official Gazette dated 02.03.2022 and numbered 31797.
- The Charging Service Regulation entered into force through publication in the Official Gazette dated 02.04.2022 and numbered 31797.
- The Regulation on the Amendment of the Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in the Electronic Environment entered into force through publication in the Official Gazette dated 06.04.2022 and numbered 31801.
- The Regulation on the Amendment to the Petrol Market License Regulation entered into force through publication in the Official Gazette dated 07.04.2022 and numbered 31802.
- The Communiqué (III-37.1.c) on the Amendment of the Communiqué (III-37.1) on the Principles Regarding Investment Services and Activities and Ancillary Services entered into force through publication in the Official Gazette dated 07.04.2022 and numbered 31802.
- The Communiqué (No: 2022/16) on the Amendment of the Communiqué (No: 2021/14) on Encouraging Conversion to Turkish Lira Deposit and Participation Accounts entered into force through publication in the Official Gazette dated 08.04.2022 and numbered 31803.
- The Communiqué on the Amendment of the Communiqué (No: 2013/6) on the Implementation of Surveillance in Imports was published in the Official Gazette dated 14.04.2022 and numbered 31809. The Communiqué will enter into force on the 30th day following its publication.
- The Communiqué (No: 2022/12) on the Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 14.04.2022 and numbered 31809.
- The Law on the Amendment of the Law on the Evaluation of Immovable Property Owned by the Treasury numbered 7394 and the Amendment of the Value Added Tax Law and Various Laws and Statutory Decrees was published in the Official Gazette dated 15.04.2022 and numbered 31810. The provisions of this Law enter into force on different dates.
- The Electricity Distribution System Regulation was published in the Official Gazette dated 15.04.2022 and numbered 31810. The provisions of this Law enter into force on different dates.
- The Communiqué on Increasing the Monetary Limits under the Twelfth and Fifteenth Clauses of Article 30 of the Insurance Law entered into force through publication in the Official Gazette dated 16.04.2022 and numbered 31811.
- The Communiqué (No: 2022-32/66) on the Amendment to the Communiqué on the Decision numbered 32 Concerning the Protection of the Value of the Turkish Currency entered into force through publication in the Official Gazette dated 19.04.2022 and numbered 31814.
Mergers and Acquisitions
- The Competition Board (“Board”) authorized the establishment of a full-function joint venture by TT Travel Limited Liability Company and FTG Netherlands NV. (22-14/229-100, 24.03.2022)
- The Board authorized the acquisition of the joint control of West Connex by Caisse de dépôt et placement du Québec through Sydney Transport Partners concorcium. (22-14/226-98, 24.03.2022)
- The Board authorized the acquisition of the sole control of Lyksor Kimya A.Ş. by Kalekim Kimyevi Maddeler San. ve Tic. A.Ş. (22-14/222-96, 24.03.2022)
- The Board authorized the acquisition of the sole control of US Ecology, Inc. by Republic Services, Inc. (22-14/216-93, 24.03.2022)
- The Board authorized the acquisition of the sole control of Zynga Inc. by Take-Two Interactive Software, Inc. (22-14/215-92, 24.03.2022)
- The Board authorized the acquisition of the indirect joint control of CampusLogic Holdings, Inc. by Blackstone Inc. and Vista Equity Partners Management, LLC. (22-14/214-91, 24.03.2022)
- The Board authorized the acquisition of the joint control of Alterna Gıda Sanayi Pazarlama ve Ticaret Anonim Şirketi by Future Snacks S.a.r.l. (22-15/247-106, 31.03.2022)
- The Board authorized the acquisition of the sole control of Elba Bant Sanayii ve Ticaret A.Ş. by Mediterra Capital Management Limited through İstinye Koruyucu Film Ticaret A.Ş. (22-15/255-113, 31.03.2022)
- The Board authorized the acquisition of the joint control of Toray Industrıes Hungary Korlátolt Felelósségú Társaság by LG Chem Ltd. (22-15/253-111, 31.03.2022)
- The Board authorized the acquisition of the sole control of Yunex GmbH and its affiliates by Atlantia S.p.A. (22-15/251-110, 31.03.2022)
- The Board authorized the acquisition of the sole control of OCTAL Holdings UK Ltd. by Alfa S.A.B. de C.V. through Alpek Polyester S.A. de C.V. (22-15/250-109, 31.03.2022)
- The Board authorized the establishment of a new joint venture entitled OCIKUMHO Sdn. Bhd. İn Malesia by OCIM Sdn. Bhd. and Kumho P&B Chemicals Inc. (22-15/249-108, 31.03.2022)
- The Board authorized the acquisition of the joint control of European line of business of Chemieuro S.L. by Tricon International Ltd. and Chemieuro S.L. through Tricon Dry Chemicals LLC. (22-15/248-107, 31.03.2022)
- The Board decided that following the construction of the jet fuel supply lines in Adana Çukurova Airport project within the scope of the Construction, Operation of Çukurova Airport Fuel System and Aircraft Fuel Supply and Procurement Agreement, the long-term use of the fuel supply and operating rights on the aforementioned area of Favori Çukurova Havalimanı İşletmeciliği AŞ by THY Opet Havacılık Yakıtları AŞ is not subject to authorization. (22-16/270-BD, 07.04.2022)
- The Board authorized the acquisition of the sole control of PACCOR Holdings GmbH by Faerch A/S. (22-16/279-127, 07.04.2022)
- The Board authorized the acquisition of the indirect sole control of the environmental science business line of Bayer Aktiengesellschaft by Cinven Capital Management (VII) General Partner Limited. (22-16/278-126, 07.04.2022)
- The Board authorized the acquisition of the joint control of Lotos – Air BP Polska sp. Z o.o by Aramco Overseas Company B.V. (22-16/275-124, 07.04.2022)
- The Board authorized the acquisition of the sole control of Hishtil-Toros Fidecilik Sanayi ve Ticaret Anonim Şirketi by Hishtil Holdings BV. (22-16/274-123, 07.04.2022)
- The Board authorized the acquisition of the joint control of the newly established joint venture company Energy City Logistics Company LLC by Hutchison Port Investments Limited through Energy City Development Company and Colour Path Holdings Limited. (22-16/268-120, 07.04.2022)
- The Board authorized the acquisition of the joint control of Toshiba Carrier Corporation by Carrier Global Corporation. (22-16/264-118, 07.04.2022)
- The Board authorized the acquisition of the sole control of Biotest AG by Grifols S.A. (22-16/263-117, 07.04.2022)
- The Board authorized the acquisition of the indirect joint control of Bio Products Laboratory Limited and Kedrion S.p.A by Permira Holdings Limited and Sestant Internazionale SpA. (22-16/262-116, 07.04.2022)
- The Board authorized the acquisition of the sole control of Vifor Pharma Ltd. by CSL Limited. (22-16/261-115, 07.04.2022)
- The Board authorized the acquisition of Naksan Plastik İktisadi ve Ticari Bütünlüğü with all its rights and obligations by Aby Plastik Ambalaj ve Enerji Sanayi Ticaret AŞ through TMSF. (22-16/260-114, 07.04.2022)
- The Board authorized the acquisition of part of the shares of Checklas Otomotiv A.Ş. by LG Lastik Girişim A.Ş. (22-17/286-130, 14.04.2022)
- The Board authorized the establishment of a joint venture between Mehmet Bahadır Balkır and Wirthwein AG regarding the woodworking business line for particle board of Balorman Orman Ürünleri Sanayi ve Ticaret A.Ş. (22-17/284-129, 14.04.2022)
- The Board authorized the acquisition of the sole control of Karel Elektronik Sanayi ve Ticaret Anonim Şirketi and Daiichi Elektronik Sanayi ve Ticaret Anonim Şirketi by Öncü Girişim Sermayesi Yatırım Ortaklığı Anonim Şirketi. (22-18/298-132, 21.04.2022)
- The Board authorized the acquisition of the joint control of Sigma Luxco 2 S.à r.l and King TopCo Limited by Montagu Private Equity LLP and Hg Capital LLP. (22-18/298-132, 21.04.2022)
- The Board authorized the acquisition of the joint control of Jorf Fertilizer Company III, S.A. by Koch Industries, Inc. through OCP S.A. and KAES Phosphate Holdings, LLC. (22-18/297-131, 21.04.2022)
Energy
- The decisions of the Energy Market Regulatory Authority (“EMRA”) dated 29.03.2022 and numbered 10887, 10888, 10889, 10890 were published in the Official Gazette dated 30.03.2022 and numbered 31794. These decisions enter into force on different dates.
- The decision of the EMRA dated 31.03.2022 and numbered 10908 was published in the Official Gazette dated 01.04.2022 and numbered 31796.
- The decision of the EMRA dated 31.03.2022 and numbered 10909 was published in the Official Gazette dated 01.04.2022 and numbered 31796.
- The decision of the EMRA dated 17.03.2022 and numbered 10852 entered into force through publication in the Official Gazette dated 02.04.2022 and numbered 31797.
- The decision of the EMRA dated 17.03.2022 and numbered 10853 was published in the Official Gazette dated 02.04.2022 and numbered 31797.
- The decisions of the EMRA dated 31.03.2022 and numbered 10895, 10906 and 10907 were published in the Official Gazette dated 02.04.2022 and numbered 31797. These decisions enter into force on different dates.
- The decisions of the EMRA dated 31.03.2022 and numbered 10892, 10901, 10902 and 10903 entered into force through publication in the Official Gazette dated 03.04.2022 and numbered 31798.
- The decisions of the EMRA dated 07.04.2022 and numbered 10913, 10914 and 10915 were published in the Official Gazette dated 08.04.2022 and numbered 31803.
- The decision of the EMRA dated 14.04.2022 and numbered 10929 entered into force through publication in the Official Gazette dated 15.04.2022 and numbered 31810.
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