To encourage mergers and acquisitions and the restructuring of companies in Turkey, certain tax advantages to the merging companies have been regulated under the relevant tax regulations. After the banking crisis in 2001, in an attempt to encourage the restructuring of the banking system and strengthen the financial structure of the banks, the Banking Regulation and Supervision Agency (BRSA) has set out certain benefits in its regulations for merging banks under the Regulation on the Merger and Acquisition of Banks.
April 30 2005