Officially in force! Billions of dollars will go to Turkey

has about $ 150 billion abroad in Turkey, according to experts. until November 30 assets located guarantees of the foreign state given to bring to Turkey.

should not report to the tax authorities related to these assets. Due to the reported assets, no tax assessment and tax assessment will be made.

of these assets shall be translated into Turkey within three months from the date of notification.

Official taxes in today's edition of the newspaper and other claims to the restructuring of 7143 amending certain laws the law No. according to the general notification located at l 39; foreign, money, gold, foreign exchange, securities and other capital market instruments, real and legal entities reporting to banks or brokerages in Turkey up to 39 As of November 30, said that assets will be able to save freely. Due to the assets declared under no tax control case and will be made to the tax assessment.

According to the release, the entities will be subject to notification of the planned notification date is put in Turkey within three months, all terms that the paragraph to benefit from the targeted provision that owns what date the alien with these assets

The legal and natural persons, as well as the foreign assets in question, can be declared to the bank or the intermediary institutions from May 18th to November 30th. There is no need to have concubines on the tax offices regarding these assets. located abroad, but also unhedged assets (eg real estate) that can be brought to Turkey by converting the assets brought up to 30 November.

Declaration of assets in Turkey

Income or institutions in Turkey have property and taxpayers, but not included in the documents provided by law; Money, gold, currencies, securities and other capital market instruments and real estate can be reported to the tax offices related to income tax or corporate income by declaration by November 30, directly or electronically. Taxes on reported assets will be taxed at a rate of 2%.

According to the release, some gains made abroad may be exempt from income tax or corporate income tax. . By arrangement, including those obtained before October 31; Legal gains and business center of the sale of subsidiary shares related to institutions abroad, and not in Turkey, the participation income and profits obtained through commercial offices or representatives to abroad that fall under the exception. In order to benefit from the application of foreign subsidiaries profit, the gain of foreign equity investment abroad with the benefit of foreign branches legal and commercial center of liquidation institutions available in Turkey earnings born until December 31, must be transferred to Turkey.