The deadline for bringing money, gold, foreign currency, securities and other capital market instruments abroad to Turkey has been redefined as 30 June 2020.
The period for bringing money, gold, foreign currency, securities and other capital market instruments located abroad to Turkey has been extended for another 6 months.
The Presidential Decision on the subject was published in the Official Gazette.
Accordingly, the period for bringing money, gold, foreign currency, securities and other capital market instruments abroad to Turkey has been extended for another 6 months. Thus, the period in question, which was to end on December 31, was redetermined as June 30, 2020.
Within the scope of the decision, natural and legal persons who report money, gold, foreign currency, securities and other capital market instruments located abroad to the bank or intermediary institution in Turkey by June 30, 2020, will be able to dispose of them freely.
Banks and intermediary institutions will declare the 1 percent tax on the assets declared to them to the tax office and pay it within the same period. These assets can be used to close the loans registered in the legal books, obtained from banks or financial institutions abroad, by June 30, 2020 at the latest.
Money, gold, foreign currency, securities and other capital market instruments owned by income or corporate taxpayers and located in Turkey but not included in the legal book records will be declared to the tax offices by June 30, 2020.
The declared assets can be recorded in the legal books until June 30, 2020, without being taken into account in determining the period earnings.
Source: https://www.aa.com.tr/tr/ekonomi/varlik-barisinda-sure-uzatildi/1687284
