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How Turkey's Expansive New Tax Amnesty Law Works

Law360 (June 13, 2018, 6:13 PM EDT) -- A detailed new amnesty law entitled “The Law Relating to Restructuring of Tax and Some Other Receivables and Amendments to Various Laws” which offers taxpayers broad amnesty for most types of unpaid taxes and for unpaid social security insurance premiums relating to the period up to March 31, 2018, was published in the Official Gazette on May 18, 2018.

The law addresses restructuring of certain public receivables, repatriation of assets held abroad by individual and corporate Turkish taxpayers without risk of any inspection or tax penalty,...
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