On 31 January 2023, a Bill for the new tax amnesty was accepted by the Plan and Budget Committee of the Turkish Parliament. The Bill now will be discussed in the Parliament and tax amnesty will enter into force once the Bill is enacted as Law and approved by the President.
Tax amnesty provides restructuring of the finalized and non-finalized tax receivables, tax base increase for income and corporate income tax, VAT and Withholding Tax on certain payments. Tax amnesty will cover calendar years 2018, 2019, 2020 and 2021.
Tax amnesty is a possibility for both non-resident and resident corporations to settle with the Turkish tax authority
Source – EY
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