05-25-2026, 04:40 PM
From Turkish Minute
Extract:
Turkey’s parliament has approved a tax package that creates a new asset-repatriation amnesty and grants a 20-year income tax exemption on foreign-sourced income to some people who become tax residents in Turkey.
The package amends several tax and investment laws. It includes incentives for the İstanbul Finance Center, corporate tax cuts for exporters, new advantages for multinational service centers and longer installment terms for some public debts.
The measure contains two separate tracks that have been grouped in Turkish media under the term “wealth amnesty.”
Extract:
Turkey’s parliament has approved a tax package that creates a new asset-repatriation amnesty and grants a 20-year income tax exemption on foreign-sourced income to some people who become tax residents in Turkey.
The package amends several tax and investment laws. It includes incentives for the İstanbul Finance Center, corporate tax cuts for exporters, new advantages for multinational service centers and longer installment terms for some public debts.
The measure contains two separate tracks that have been grouped in Turkish media under the term “wealth amnesty.”