Turkey Tax Agency Issues Guidance on Amnesty Regime for Undeclared Income

The Turkish Revenue Administration May 2 issued guidance on a tax amnesty regime for undeclared income. Topics covered include: 1) the May 31 deadline for declaration of income and earnings obtained for the periods before Dec. 31, 2022; 2) clarifications on self-declaration of undeclared income and statement within the scope of the invitation to explanation; 3) clarifications on application and payment period and place; 4) advance and installment payment procedures; and 5) a clarification on property tax declaration. [Turkey, Revenue Administration, 05/02/23]

Reference: View Guidance. View Announcement.