Turkey: Government Policy & Public Finance

Turkey has announced a temporary reduction in its accommodation tax rate to 1% through the end of 2026, as published in the Official Gazette. This Presidential Decree provides a significant tax relief measure for the hospitality sector during this period.

Turkey's new e-scooter manufacturing regulations require producers to obtain certification from the Turkish Standards Institute (TSE) by demonstrating domestic production of specific electronic components. The framework establishes a three-tier system evaluating seven critical electronic parts, with varying requirements for domestic content across battery/chassis, motor, and electronic systems groups.

Özet: 2026-2028 dönemi Orta Vadeli Programın yayınlanmasıyla birlikte önümüzdeki üç yıllık süreçte Türkiye ekonomisi üzerine; büyüme, istihdam, fiyat istikrarı, ödemeler dengesi, finansal istikrar, kamu maliyesi alanında izlenecek makroekonomik hedefler ve politikalar belirlenmiştir. Bu çalışmada, OVP'nin genel bir değerlendirmesi yapılacak ve sonrasında kamu maliyesi alanında üç yıllık süreçte öngörülen politika ve

Transaction values and amounts of agreements of sale, purchase, lease, financial leasing, service and to produce work shall be based on Turkish Lira.

Turkish Lira (TRY) has been alarmingly losing its value for the last couple of months. Indeed, it lost well over 70% of its value against, for instance, US Dollar.

The Omnibus Law numbered 7146 ("Omnibus Law") was published in Official Gazette number 30498 on 03 August 2018.

OECD defines "entrepreneur" as someone who shapes new business opportunities and has the ability to allocate resources wisely.

It is almost a year since the New Turkish Commercial Code ("TCC") came into force on 1st July, 2012 providing fundamental changes and solutions to problems that caused difficulties in the past.

The Financial Leasing Law, dated 10.06.1985 and numbered 3226, and the By-Law Regarding Money Lending Activities, dated 30.09.1983 and numbered 90, with its appendices and amendments are abrogated by the Law on Financial Leasing, Factoring and Financing Companies, dated 21.11.2012 and numbered 6361 (the "Law No. 6361" or the "Law").