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ARTICLE · 09 DECEMBER 2016

Tax Amnesty

Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
Explore more from Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)

General Communiqué (Serial No: 4) of the Law on Restructuring of Certain Receivables ("General Communiqué (Serial No. 4)") entered into force with the publication of the Official Gazette...

TurkeyTax
Ozlem Bulut Penezoglu
Ozlem Bulut Penezoglu
Cansu Macit
Cansu Macit
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General Communiqué (Serial No: 4) of the Law on Restructuring of Certain Receivables ("General Communiqué (Serial No. 4)") entered into force with the publication of the Official Gazette dated 02.12.2016 and numbered 29906.

General Communiqué (Serial No:4) clarifies the matters mentioned in Article 7 of the Law on Restructuring of Certain Receivables ("Law No. 6736"). As per Article 2 of the General Communiqué (Serial No:4) any money, gold, foreign exchange, instrument and other capital market instruments will be disposed freely, regardless of their acquisition date, provided that they are brought to Turkey as of 31.12.2016. Other assets brought which are not defined under the mentioned article, such as immovable, can also be brought to Turkey by converting them into the mentioned assets. There will not be any taxation for the said assets within the scope of the Law No. 6736.

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