Recent Keynotes of May 2019
International Agreements
- The Resolution of the President dated 10.05.2019 and numbered 2019/1102 on Approval of the Agreement on Participation of the Republic of Turkey to the European Solidarity Program Between the Government of Republic of Turkey and the European Union was published in the Official Gazette dated 11.05.2019 and numbered 30771.
Resolutions of the President
- The Resolution of the President dated 30.04.2019 and numbered 2019/1013 on the Amendments to the Decisions of Some Council of Ministers and Re-determination of Special Consumption Tax Ratio and Amounts and Special Consumption Tax Assessments for Special Consumption Tax Rates to be Applied to Some Goods was published in the Official Gazette dated 01.05.2019 and numbered 30761.
- The Resolution of the President dated 30.04.2019 and numbered 2019/1015 on Stoppage Rates in Provisional Article 67 of Income Tax Law No. 193 was published in the Official Gazette dated 01.05.2019 and numbered 30761.
- The Resolution of the President dated 14.05.2019 and numbered 2019/1016 on the Amendment to the Resolution of the Council of Ministers dated 28/8/1998 and numbered 98/11591 on the Determination of the Ratios of Bank and Insurance Transactions Taxes in Article 33 of the Law on Expense Taxes dated 13/7/1956 and numbered 6802 was published in the Official Gazette dated 15.05.2019 and numbered 30775.
- The Resolution of the President dated 14.05.2019 and numbered 2019/1111 on the Amendment to the Decision regarding the Implementation of Some Articles in Customs Law No. 4458 was published in the Official Gazette dated 15.05.2019 and numbered 30775.
Legislation
- The Regulation on the Amendment to the Regulation on Deleting, Destroying or Anonymization Personal Data entered into force through publication in the Official Gazette dated 28.04.2019 and numbered 30758.
- The Regulation on the Amendment to the Regulation on Data Controllers Registry entered into force through publication in the Official Gazette dated 28.04.2019 and numbered 30758.
- The Regulation on the Amendment to the Regulation on Establishment of the Energy Market Regulatory Authority entered into force through publication in the Official Gazette dated 03.05.2019 and numbered 30763.
- The Regulation on Unlicensed Electricity Production in Electricity Market entered into force through publication in the Official Gazette dated 12.05.2019 and numbered 30772.
Mergers and Acquisitions
- The Competition Board (“Board”) authorized the acquisition of the joint control of Bikiltaş Enerji Petrol Madencilik İnşaat A.Ş. under the control of Biberci Madencilik Makine Enerji Petrol Turizm San. ve Tic. Ltd. Şti., through participation in the capital increase, by Vicat S.A. via Societe de Participations Financieres et İmmobilieres. (2.5.2019, 19-17/243-110)
- The Board authorized the acquisition of the joint control of Gdansk Port Holdings S.a.r.l by Global InfraCo S.a.r.l, PSA Baltics NV. and PFR Porty sp. Zo.o. (2.5.2019, 19-17/242-109)
- The Board authorized the acquisition of Pelco, Inc., Pelco Asia Pasific Pte Ltd. and Pelco Trading Co Ltd. by Zoom AcquisitionsCo under the control of Transom Capital Fund II, LLP. (2.5.2019, 19-17/238-107)
- The Board authorized the acquisition of the sole control of EWE Turkey Holding A.Ş. by SOCAR Turkey Enerji A.Ş. (2.5.2019, 19-17/235-106)
- The Board authorized the acquisition of the sole control of Makrochemical Endüstriyel Kimyasallar San. ve Tic. A.Ş. by Sun Chemical Matbaa Mürekkepleri ve Gereçleri San. Tic. A.Ş., which is a subsidiary of DIC Corporation. (2.5.2019, 19-17/234-105)
- The Board authorized the acquisition of the whole control of Alke Sağlık Ürünleri San. ve Tic. A.Ş. by BesiFarma İlaç A.Ş. (9.5.2019, 19-18/252-112)
Energy
- Announcement on the Draft Decision on the Amendment to the Decision dated 14/03/2018 and numbered 7742 on Fuel Trade between Distributors was published on the official website of the Energy Market Regulatory Authority (“EMRA”) on 05.2019.
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