The Law No. 7582 on Amendments to Certain Laws (“the Law”), which introduces regulations regarding the declaration, registration, and taxation advantages applicable to certain assets held domestically and abroad, was published in the Official Gazette No. 33270 dated 4 June 2026 and entered into force.

With the addition of Temporary Article 19 to the Corporate Income Tax Law under the Law, new provisions regarding an “Asset Repatriation Amnesty” (“Asset Peace”) have been introduced into the legislation.

Opportunity to Declare Domestic and Foreign Assets

With the temporary article added to the Corporate Income Tax Law, individuals and legal entities have been granted the opportunity to declare and register certain assets held abroad, including cash, gold, foreign currency, securities, and other capital market instruments, by reporting them to banks or brokerage institutions operating in Türkiye until 31 July 2027.

The declared foreign assets must be brought into Türkiye or transferred to bank or brokerage institution accounts in Türkiye within two months from the date of declaration. Assets physically brought into Türkiye must be documented through a customs declaration.

The regulation covers not only assets held abroad but also cash, gold, foreign currency, securities, and other capital market instruments located in Türkiye but not recorded in the statutory books of enterprises.

Income tax and corporate income tax taxpayers may also declare and register such unrecorded domestic assets through banks or brokerage institutions until 31 July 2027.

Tax Treatment of Declared Assets

Under the regulation, declared assets may be recorded in the accounting records of enterprises and, subject to certain conditions, may subsequently be withdrawn from the business.

No additional income tax or corporate income tax will be calculated due to the declared assets, and such assets will not be taken into consideration in determining the taxable income of enterprises.

Under the regulation, a tax payment at the rate of 5% (five percent) is generally required on the declared assets. In other words, if the tax calculated at the rate of 5% is directly paid on the assets included within the scope of the Asset Repatriation Amnesty, the remaining amount will be released for unrestricted use.

However, if the declared assets are invested in time deposit accounts or participation accounts, government domestic debt securities, lease certificates (sukuk), or venture capital investment fund participation shares, and the taxpayer undertakes to maintain such investments for periods ranging from one to five years, the applicable tax rate will gradually decrease.

Within this framework, a 1% (one percentage point) reduction will be applied to the tax rate for each additional year that the asset remains within the system. Accordingly, if the taxpayer undertakes to retain the assets for a period of five years, the applicable tax rate may be reduced to 0% (zero percent).

Protection Against Tax Audits Subject to Compliance with Certain Conditions

One of the most significant consequences of the Law is the protection provided against tax audits and additional tax assessments regarding assets duly declared under the regulation.

Accordingly, no tax audit or additional tax assessment will be conducted with respect to the amounts corresponding to the declared assets, provided that:

• foreign assets are declared within the prescribed period and brought into Türkiye or transferred to bank or brokerage institution accounts in Türkiye within two months from the declaration date;

• undeclared domestic assets are declared and documented through banks or brokerage institutions;

• the calculated tax amounts are paid within the legal deadline; and

• all other conditions stipulated under the Law are fulfilled.

The regulation also provides significant advantages in relation to ongoing or future tax audits.

Accordingly, if it can be demonstrated that tax base differences identified as a result of an audit arise from the declared assets, it may be possible, subject to certain conditions, to avoid additional tax assessments on such amounts.

In this respect, the regulation may contribute to reducing tax-related risks relating to previous periods.

However, such protection is not absolute.

The benefits provided under the regulation cannot be utilized if:

• the declared foreign assets are not brought into Türkiye or transferred to the relevant accounts within the required period;

• the calculated taxes are not paid on time;

• the investment commitments providing tax advantages are not fulfilled; or

• other conditions stipulated under the Law are violated.

Furthermore, the regulation does not eliminate obligations and measures that may apply under legislation concerning the prevention of money laundering, prevention of terrorist financing, and other relevant legal regulations.

The relevant amendments entered into force on the date of publication in the Official Gazette.