Fixing the Contract Price at Foreign Currency

Introduction Turkey’s new asset declaration and repatriation law was published in the Official Gazette on June 4, 2026. It is now in force. The declaration window runs until July 31, 2027 — after which both the window and the tax protection that comes with it...

Introduction If you are looking for a lawyer in Turkey and come across an attorney offering to handle your case for a very low fee — or on a “no win, no fee” basis — there is something you need to understand before signing anything....

Introduction On May 21, 2026, Turkey’s parliament passed a tax incentive package that is genuinely significant by any regional standard. It is not an announcement or a proposal — it is enacted law. The provisions cover voluntary asset disclosure, a territorial income tax regime for...

Introduction Turkey participates in the Common Reporting Standard (CRS) — the OECD’s framework for automatic exchange of financial account information between tax authorities. The purpose is straightforward: prevent taxpayers from concealing financial accounts in foreign jurisdictions. But CRS is widely misunderstood, and the misunderstandings tend...

Introduction From time to time, tourists in Turkey are targeted by carpet scams, especially around historical sites in Istanbul.These scams are particularly common near the Blue Mosque, Hagia Sophia, Sultanahmet Square, the Grand Bazaar and other areas where foreign tourists are easy to approach. The...

Introduction Many foreign investors suffer significant losses after relying on so-called “high-income yielding investment opportunities” and investing in properties over which they have no real commercial control. This type of scheme is common internationally and, unfortunately, it is becoming increasingly prevalent in Turkey. These projects...