ARTICLE
12 January 2017

Turkey Increases Administrative Fines Under Energy Legislation 3.83% For 2017

MA
Moroglu Arseven
Contributor
“Moroglu Arseven is a full-service law firm, with broadly demonstrated expertise and experience in all aspects of business law. Established in 2000, the firm combines a new generation of experienced international business lawyers, who hold academic, judicial and practical experience in all aspects of private law.”
Turkey has increased administrative fines relating to electricity, natural gas, petroleum and liquefied petroleum gas by 3.83% for 2017.
Turkey Energy and Natural Resources
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Turkey has increased administrative fines relating to electricity, natural gas, petroleum and liquefied petroleum gas by 3.83% for 2017. The revised rates will apply for administrative fines issued between 1 January 2017 and 31 December 2017.

The increases are introduced by Communiqués published in Official Gazette number 29912 on 8 December 2016. These were issued in line with the Ministry of Finance's 2016 tax revaluation rate, published in the General Communiqué for Tax Procedural Law, published in Official Gazette number 29885 on 11 November 2016 (more).

Please see the following links for the full text of the relevant Communiqué (only available in Turkish).

Information first published in the MA | Gazette, a fortnightly legal update newsletter produced by Moroğlu Arseven.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
12 January 2017

Turkey Increases Administrative Fines Under Energy Legislation 3.83% For 2017

Turkey Energy and Natural Resources
Contributor
“Moroglu Arseven is a full-service law firm, with broadly demonstrated expertise and experience in all aspects of business law. Established in 2000, the firm combines a new generation of experienced international business lawyers, who hold academic, judicial and practical experience in all aspects of private law.”
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