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Turkish Treasury borrows $1.5B from domestic markets

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Turkish Treasury borrows $1.5B from domestic markets According to the news of Hürriyet Daily News, the Turkish Treasury borrowed 8.85 billion Turkish liras ($1.5 billion) from domestic markets on...

Turkish Lira: the most depreciated currency since the beginning of October

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Turkish Lira has been the most depreciated currency among the major currencies in October.

Bringing Export Proceeds to Turkey

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1.Savings of Export Proceeds 1.1. “Export proceeds can be freely saved by those concerned” within the scope of Communique numbered 2008-32/34 with Cabinet Decree related...

How to Get Refund of VAT Paid in Turkey?

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I have a refund regarding transportation activities: - If your domicile, workplace, legal center and work center is not located in Turkey, - If you are...

What is Joint Stock Company?

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1- WHAT IS JOINT STOCK COMPANY? 1.1- Joint-stock company is a company whose capital is declared and divided into shares and who is only responsible for...

What are the Short-Term External Debt Developments in Turkey?

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Short-term external debt stockrecorded USD 101 billion at the end of February, indicating an increase of 3.1 percent compared to the end of...

What are the Developments In Private Sector’s Outstanding Loans Received From...

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As regards private sector’s outstanding loans received from abroad, long-term loansrecorded USD 202.7 billion as of February, increasing by USD 241 million whereas short-term loans (excluding...

Banking And Insurance Transactions Tax In Turkey!

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The subject of the tax is transactions and services performed by banks, bankers and insurance companies. Taxpayers are banks, bankers and insurance companies. All transactions and...

SPECIAL COMMUNICATION TAX IN TURKEY!

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Telecommunication services are subject to special communication tax. This tax is not included in the VAT base. Special communication tax rates are as follows: a.On...

Israel Will Not Tax Turkish Tomatoes!

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The Israeli Ministry of Agriculture will not tax a certain amount of tomatoes imported from Turkey! The Israeli Ministry has claimed that the price of...