Application Period for Asset Peace Extended by 6 Months
Within the scope of the Asset Peace, the application period, which ended on June 30, was extended for another 6 months.
The application period for the Asset Peace, which aims to bring money, gold, foreign currency, securities and other capital market instruments into Turkey without being subject to tax inspection in order to bring assets abroad into the Turkish economy, was expected to end on June 30.
However, the Presidential Decree on the Extension of the Periods in the First, Second and Fifth Paragraphs of the Provisional Article 93 of the Income Tax Law No. 193 for 6 Months from the Expiration Dates, published in the Official Gazette as of June 30, has been extended for another 6 months.
Real and legal persons who declare their assets between the dates set by the Asset Peace will be able to freely dispose of their assets in Turkey without being subject to any scrutiny.