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New Law Offers Tax Amnesty and Relief Measures to Taxpayers

The Turkish Official Gazette released Law No. 7440/2023, amending a range of tax measures in an effort to provide relief to taxpayers. The law offers several measures such as:

  • Elimination of penalties on specified outstanding tax amounts accrued before Dec. 31, 2022.
  • Exemption of taxpayers from assessment and inspection under specific conditions. …

Source: GVC


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