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ARTICLE · 27 JULY 2022

New Asset Peace Regulation Entered Into Force In Turkey

Guleryuz Partners
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A new asset peace regulation entered into force with the article 50 of Law No. 7417 on Certain Amendments to Civil Servants Law and Certain Laws and ...

TurkeyReal Estate and Construction
Yasemin Keskin
Yasemin Keskin
Beliz Boyalıklı
Beliz Boyalıklı
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A new asset peace regulation entered into force with the article 50 of Law No. 7417 on Certain Amendments to Civil Servants Law and Certain Laws and Statutory Decree No. 375 [the "Law No. 7417"] which was published in the Official Gazette numbered 31887 on 5July 2022.

The previous regulation regarding asset peace was introduced with the Law No. 7256 and the deadline for taxpayers to benefit from the said regulation was 30 June 2022. Following the repeal of the previous regulation, the asset peace regulation will be re-enforced with the Law No. 7417.

What Does the Asset Peace Mean?

Asset peace was initially implemented in our law with the Tax Peace Law No. 4811, and then new regulations were introduced with the following laws. Accordingly, from 2008 to the present, a total of eight pieces of asset peace legislation came into force together with the recent Law No. 7417.

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