Dear Member, Decree Law No. 81/2026, “Regarding the Acceleration of the Collection of Taxes and Receivables of Local Governments for the Year 2024 and Previous Taxation Periods,” was published in the Official Gazette No. 138 dated July 23, 2026, and entered into force. The key provisions in the decree can be summarized as follows: Tax […]

Dear Member, The Consumer Credit (Amendment) Bill (Bill No: 424/5/2026) was published in the Official Gazette No. 139, dated July 27, 2026. The main changes proposed in the bill are as follows: Insurance and certification fees are excluded from the calculations of the total cost of the loan and the annual percentage rate. However, interest, […]

Dear Member, According to the official letter we received from the Directorate of Trade of the Ministry of Economy and Energy of the TRNC on July 28, 2026, amendments have been made to the Export Incentives Regulation, which is in force pursuant to Article 4 of the Foreign Trade (Regulation and Supervision) Law, as published [...]

Dear Member, The maximum sales prices to be applied to Class D Fuel (LPG) have been revised by the Decree (A.E.649) published in the Official Gazette dated July 28, 2026, and numbered 140, by the Ministry of Economy and Energy. The regulation in question came into effect on July 29, 2026. According to the new […]

Dear Member, The Stamp Duty (Amendment) Decree (A.E. 746) entered into force upon its publication in the Official Gazette No. 150 dated August 13, 2026. The new regulation introduces new stamp duty exemptions for various contracts and transactions, primarily certain loan agreements arranged by authorized banks. The main transactions that fall under the exceptions are [...]

Dear Member, In the Official Gazette No. 140 dated July 28, 2026, it was stated that, in accordance with Article 7 of the Minimum Wages Law No. 22/1975 of the Council of Ministers, it was decided that the finalized Minimum Wage would be published in the Official Gazette as follows, due to the lack of […]

Dear Member, The Decrees, whose numbers and names are stated below, have been published and entered into force in the Official Gazette No. 143, dated July 30, 2026: Decree Having the Force of Law No. 82/2026, titled “Regarding Premium Support to be Applied to Insured Persons under the Social Security Law for the July 2026-September […]

Dear Member, In the Official Gazette No. 144 dated July 31, 2026, numbered 88/2026, “Decree Having the Force of Law Concerning the Tax Deduction to be Applied to Corporate Earnings Not Distributed Until December 31, 2025 and Dividends Distributed to Shareholders” was published, with the 7.5% tax to be applied if the profits accumulated but […]

Dear Member, According to Official Gazette No. 145, published on August 5, 2026, the Ministry of Labour and Social Security, taking into account the temperature forecasts of the TRNC Meteorological Department and the risks posed by working in high temperatures within the scope of Occupational Health and Safety, has prohibited working outdoors (under the sun) […]

“World peace cannot be safeguarded without the making of creative efforts proportionate to the dangers which threaten it.” These words of the then French foreign minister Robert Schuman in his declaration made on the 9th of May 1950 which laid the first foundation of today’s European Union have never been more valid than now. Not […]