Amendments to the Regulation on Procedures and Principles for Classification of Loans and Provisions to be Set Aside (“Regulation”) by the Banking Regulation and Supervision Agency (“BRSA”) has been published in the Official Gazette No. 31533 on July 6, 2021. The amendments mostly relate to (i) the reclassification of non-performing…

The stamp tax application was one of the uncertainties associated with the long-discussed requirement of conversion of certain foreign denominated contracts into Turkish Lira (TL) within the scope of the Presidential Decree no 85. This issue has now been clarified by the Revenue Administration with the Stamp Tax Circular/ 22…