News
Friday, 02 January 2015
Income tax rates by 1 January 2015
On December 30, 2014, the Ministry of Finance of Turkey has published the new income tax rates as follows:
Up to 12,000 TRL: 15%;
From 12,001 through 29,000 TRL 20%;
From 29,001 – 106,000 TRL 27%;
From 106,001 TRL 35%.
Taxation follows a system where the higher taxation starts from the next amount determined by the Ministry of-
Finance.
Donnerstag, 30. Januar 2014
Ten years in Istanbul!
Our law firm has startet its business in April 1989 in Heidelberg, 1990 in Mannheim and 1996 in Stuttgart. From the very beginning, Rumpf dedicated its legal practice to the Turkish market. In January 2004, together with two partners, within a German middlesized law firm specialized in business law, Prof. Dr. Christian Rumpf established a consulting firm in Istanbul. Due to a spin-off from his former partnership, Rumpf absorbed the Turkish company which now renders its services under the name Rumpf Consulting. Ten years of Rumpf Consulting - with the unbeatible experience of 25 years in Turkish-European relationships and a unique accumulation of knowledge in Turkish law outside of Turkey.
Sonntag, 29. Dezember 2013
Turkey signs Protocol No. 16 to the Convention for the Protection of Human Rights and Fundamental Freedoms
Under this Protocol No. 16 to the Convention, highest courts and tribunals of a High Contracting Party, as specified in accordance with Article 10, may request the Court to give advisory opinions on questions of principle relating to the interpretation or application of the rights and freedoms defined in the Convention or the protocols thereto. Turkey is the ninth country to sign this rather new instrument. No ratification is reported yet, ten ratifications are necessary for entering into force.
Sonntag, 18. August 2013
Turkey: Constitutional Complaint and the European Court of Human Rights
The European Court of Human Rights (ECHR) has recently declared inadmissible an application of a Turkish citizen against Turkey (Uzun vs. Turkey) for the reason that remedies had not been exhausted under Article 35 of the European Convention. The Court held that all claims where judgments of the Court of Cassation had not been finalized before September 23, 2012, were subject to the "individual application to the Constitutional Court" of Turkey. This remedy constitutes, according to the ECHR, an appropriate and easily accessible domestic remedy to be made use of before choosing the application under the ECHR.
Donnerstag, 4. Juli 2013
6th Administrative Court Istanbul and the Gezi-Park
On the objection submitted by the Ministry of Culture against the preliminary injunction stopping the construction works at the Gezi-Park in Istanbul, the 6th Administrative Court of Istanbul upholds its decision.
Dienstag, 2. Juli 2013
Turkey: Constitutional Court on the period of detention
The Turkish Constitutional Court made a ruling on six individual applications where detainees complained of excess of the statutory detention period which must not exceed five years. In four cases the Court accepted the applications expressly abandoning the principle of exhaustion of all legal remedies.
Samstag, 29. Juni 2013
Turkey: Old joint stock companies under the new Code of Commerce
Joint Stock Companies (Anonim Sirket) established earlier than 1st July 2012, adapt their Articles of Association to the regulations of the new Code of Commerce. The deadline for doing this has been postponed to July 1, 2014.
Freitag, 21. Juni 2013
China: SHIAC and CIETAC -
Interesting question: what happens to the arbitration clause and, at the end, to the award, if a branch (SHIAC) of an arbitration institution (CIETAC), during a pending arbitration, separates from its "mother institution" ...
Freitag, 21. Juni 2013
LLP - new legal developments in Germany
German law firms will soon have the possibility to organize themselves in a kind of "LLP".