COVID-19: Collection Of Certain Sale And Occupancy Fees For Public Immovable Properties Postponed

EA
Esin Attorney Partnership
Contributor
Esin Attorney Partnership, a member firm of Baker & McKenzie International, has long been a leading provider of legal services in the Turkish market. We have a total of nearly 140 staff, including over 90 lawyers, serving some of the largest Turkish and multinational corporations. Our clients benefit from on-the-ground assistance that reflects a deep understanding of the country's legal, regulatory and commercial practices, while also having access to the full-service, international and foreign law advice of the world's leading global law firm. We help our clients capture and optimize opportunities in Turkey's dynamic market, including the key growth areas of mergers and acquisitions, infrastructure development, private equity and real estate. In addition, we are one of the few firms that can offer services in areas such as compliance, tax, employment, and competition law — vital for companies doing business in Turkey.
The postponements concern certain 2/B lands and some of the treasury's lands, such as those used for agriculture and livestock production.
Turkey Coronavirus (COVID-19)
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Recent Development

As we mentioned in our previous legal alert published on April 21, the Ministry of Environment and Urban Planning ("Ministry") was authorized to postpone sale fees and occupancy fees with the Law No. 7244 ("Law") published in the Official Gazette on April 17, 2020. Accordingly, the Ministry postponed certain sale fees and occupancy fees (ecrimisil) through the General Communiqué on the National Property Serial No. 399, published in the Official Gazette on April 22, 2020.

The postponements concern certain 2/B lands and some of the treasury's lands, such as those used for agriculture and livestock production. Within this scope, the sale fees and occupancy fees to be collected for April, May, and June 2020 are postponed for three months after their original due dates.

The Ministry exercised its new authority quickly, which may be an indication of upcoming similar actions for other sectors affected by COVID-19, such as tourism, the heavy industry and logistics. Accordingly, it is recommended that all relevant industries closely monitor the Ministry's legislative developments in the coming days.

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COVID-19: Collection Of Certain Sale And Occupancy Fees For Public Immovable Properties Postponed

Turkey Coronavirus (COVID-19)
Contributor
Esin Attorney Partnership, a member firm of Baker & McKenzie International, has long been a leading provider of legal services in the Turkish market. We have a total of nearly 140 staff, including over 90 lawyers, serving some of the largest Turkish and multinational corporations. Our clients benefit from on-the-ground assistance that reflects a deep understanding of the country's legal, regulatory and commercial practices, while also having access to the full-service, international and foreign law advice of the world's leading global law firm. We help our clients capture and optimize opportunities in Turkey's dynamic market, including the key growth areas of mergers and acquisitions, infrastructure development, private equity and real estate. In addition, we are one of the few firms that can offer services in areas such as compliance, tax, employment, and competition law — vital for companies doing business in Turkey.
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