Pursuant to the Law, amending the Corporate Tax Law as published in the Official Gazette, it is regulated that the corporate income tax, which is currently being applied as 20%, will be increased to 25% for 2021 and 23% for 2022.
Turkey Legal Update
Turkish Color of the Month
Born in Elazığ on the east of Turkey, Saim Dursun, depicts, with the warm liveliness of light and color on his spatula, the true Anatolian picture uncovering the strong willpower of Turkish people and their joy of life despite hardship.
News and Events
After introduction of the Information and Communication Security Guide on 24.07.2020 by Digital Transformation Office, local storage requirements affect more private entities which provide services to public institutions.
The Guideline on Commercial Advertisement and Unfair Commercial Practices Conducted by Social Media Influencers” ruling the principles and disclosure requirements for advertising by social media influencers was legislated in Turkey.
PI has been granted to remove a pharmaceutical from the foreign drug list of the Turkish Medicines and Medical Devices Agency, demonstrating that the patent rights can be used rightly in an area where Bolar exemption is not misinterpreted.
Terms of termination ban and unilateral unpaid leave have been extended from 17 May 2021 to 30 June 2021. Unless a new amendment is introduced for allowing further extensions, the termination ban will expire on 30 June 2021.
Trademark applicants face problems in using and registering their trademarks due to broad senior trademarks registered without intention to use but they are entitled to take actions based on bad faith and abuse of rights to clear their way.