19April2022

Amendments on the Turkish Currency Value Protection Communique

Amendments have been made on the Turkish Currency Value Protection Communique with a Communique no: 2022-32/66 published on the Official Gazette numbered 31814 and dated 19.04.2022.

Per that amendment, the movable asset sale contracts (except vehicle sales contracts) between the resident individuals in Türkiye can be done in foreign currency or indexed to foreign currency. However, it is obligatory to fulfill and accept the contractual payment obligations in Turkish currency.

You can reach the relevant Official Gazette via that link. (In Turkish).

You can review the other details about the Turkish Currency Protection Law via that link.

Should you have any queries or need further details, please contact your customer representative.

Written by Erdoğdu Onur Erol, Posted in Taxation Law

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Please consult your client representative if you are a customer of CottGroup^® or consult a relevant party or an expert prior to taking any action in regards to the above content.

About The Author

Erdoğdu Onur Erol

HR Compliance Manager

https://www.cottgroup.com