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ITS Alerts 2008 5501 ITS Alerts 2008 5501

Date Summary
24-Dec-2008 Law 5811 published in the Official Gazette on 22 November 2008 and came into force on the same date aims to facilitate bringing in of certain unrecorded assets either located in or outside of Turkey owned by Turkish resident real and legal persons and exempt qualifying foreing sourced income of Turkish residents from taxation
3-Nov-2008 On October 24, 2008, a new income tax treaty and accompanying protocol was signed between the governments of Ireland and Turkey.
25-Jul-2008  Turkey is negotiating with Netherlands in order to make changes in Turkey-Netherlands DTT.
29-May-2008  On May 22, 2008, the governments of Switzerland and Turkey signed an income tax treaty
15-May-2008  On March 28, 2008, the governments of Austria and Turkey signed an income tax treaty.
6-Mar-2008  Turkish investors - both resident and nonresident- are awaiting a ruling by the Constitutional Court on whether an amendment to the law governing the application of the zero withholding rate for nonresidents is in violation of Turkey's Constitution.

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