THE CEILING FOR STAMP DUTY RAISED BY 122.93% FOR 2023:

The Turkish Revenue Administration has revised the ceiling of the stamp duty that will become applicable as of 1 January 2023

ENVIRONMENTAL MARINE POLLUTION FINES REVISED FOR 2023:

Time to be an Everyday Heroine to Save the Earth as the Authorities Issue Regulations to Protect It!:

Conducting around 90% of the world trade, maritime transport has an important place in marine pollution through all of its components including vessels, ports and shipyards. This Client Alert focuses on "the Regulation on the Environmental Management of Shipyards, Boat Manufacturing Sites and Slipway Sites" within the framework of the struggle against marine pollution in Turkey.

THRESHOLDS DOUBLED FOR MANDATORY INDEPENDENT AUDITS:

With the publication of the Decision on the Determination of Companies Subject to Independent Audit in the Official Gazette dated 30 November 2022; the previous decision on the same issue, which was published in 2018, is now repealed for the need to redetermine the scope of independent audit.

NEW INCENTIVE FOR TURKISH SHIP OWNERS: TURKEY TO PROMOTE THE ESTABLISHMENT OF NEW LINES:

PILOTAGE AND TOWAGE SERVICE PROVIDERS TO PAY MORE TO THE STATE:

Turkey to Tackle Femicides: More Deterrent Sentences for Crimes Committed Against Women:

Turkey has taken an important step in addressing issues regarding its criminal law provisions, including hate crimes against women and crimes related to malpractice of medical professionals.

GRANTING POWER OF SALE TO THE DEBTORS: A MOST WELCOME DEVELOPMENT:

NEW & POTENTIALLY HARSHER FINES FOR MARINE POLLUTION AND FAILURE TO COMPLY WITH IMO 2022 SULPHUR LIMITS :

EMPOWER YOUR BUSINESS WITH GREEN LOGISTICS!:

Turkey has taken steps to contribute to a sustainable balance between global environmental targets and socio-economic goals through its newly-enacted and eco-friendly Regulation for Combined Transformation. (“the Regulation”)