Fixing the Contract Price at Foreign Currency

Introduction Turkey’s 2026 asset repatriation scheme comes with a powerful protection against tax audits and tax assessments — but it is not blanket immunity, and treating it as such is a costly mistake. The protection applies only to amounts attributable to properly declared assets, and...

Introduction Turkey now exempts foreign-source income from income tax for twenty years for individuals who become Turkish tax residents from 1 January 2026 onward. There is no entry charge and no annual fee — which, as we will see, makes it structurally different from every...

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...