06December2018

REPATRIATION OF CAPITAL APPLICATION IS EXTENDED FOR 6 MONTHS

Durations; which were stated in the clauses (a), (b), (c) and (e) of the 13th paragraph of the 10th Article that belongs to “The Law no. 7143 on Restructuring Taxational and Other Certain Debts and Amendments in Certain Laws”, published in the Recurrent Official Gazette numbered as 30611 on 30 November 2018; are extended for 6 months starting from the due dates with the Presidential Decree numbered as 405, which extends the duration for 6 months starting from the due dates of declarations of relevant assets and %2 tax payments over the declared amounts.

Within the context of the Law, declarations of Income and Corporate Taxpayers’ money, gold, funds in foreign currencies, securities and other capital market instruments along with real estates which are present in Turkey, but non-existent in legal book registers shall be made until 30 May 2019 . Also, tax payments of %2 over the declared amounts could be made until 30 June 2019.

Complete text of the relevant decision which was published in the Official Gazette could be accessed from here.

Our previous publishing regarding the subject could be accessed from here.

Posted in Social Security Law and Regulations, Taxation Law

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