According to the statement on the website of the Tax Administration, natural and legal persons are required to make a notification or declaration regarding some of their assets abroad and in the country until said date in order to benefit from the Patrimonial Peace.

With the regulation issued, natural and legal persons were allowed to bring into the national economy money, gold, currency, securities and other instruments from the foreign capital market and register these assets in the legal registry book of income taxpayers and societies.

In this context, money, gold, currency, securities, other capital market instruments and real estate that are in the country but that do not appear in the legal book of taxpayer registration of income and companies, are declared before the tax authority and are registered in the legal book, income tax and companies of these assets in the country. It is also possible to declare for those who do not have an obligation.

CITIZENSHIP NOT REQUIRED

While there is no obligation to be a Turkish taxpayer or citizen to bring such assets from abroad to Turkey, everyone can benefit from the regulation.

The tax, which will be calculated at the rate of 3 percent for notifications made until March 31, on the value of assets abroad reported to banks and intermediary institutions, will be paid in advance to banks and intermediary institutions of the moment. notification

If the declared assets are kept in accounts opened in banks or intermediary institutions in Turkey for at least one year, the tax will be zero percent and the tax paid in advance will be returned to the owner of the notice upon request to the relevant tax office. .

A 3 percent tax will be levied on the value of the real estate declared before the Treasury offices, and this tax will be paid until the end of the month following the month in which the settlement is made.

NO TAX INSPECTION WILL BE CARRIED OUT

No fee will be charged for the operations carried out on the property title regarding the alienation of the properties to be declared and registered as a company. Likewise, the transfer of real estate for exploitation will not be considered a sale and the increase in capital gain will not be computed.

No verification or fiscal liquidation will be carried out with respect to the amounts corresponding to the declared or declared assets. (AA)