Asset Repatriation Returns: A Tax Window, Not a Full Legal Clean Slate

Article 10 is likely to become one of the most debated provisions of the proposal.

It allows individuals and legal entities to bring money, gold, foreign currency, securities and other capital market instruments held abroad into Türkiye until 31 July 2027. It also allows certain assets already located in Türkiye but not recorded in statutory books to be declared.

The standard tax rate is 5%. However, if the declared assets are committed to term deposits, government domestic debt instruments or lease certificates for specified periods, the rate may fall to 0%.

This is a strong capital repatriation incentive.

However, the most important sentence in the proposal is this: no tax audit or tax assessment will be carried out regarding the declared assets, but measures required under other legislation remain unaffected.

For that reason, this article should not be read as a simple “bring the money and be cleared” mechanism.

It may provide tax protection. But AML, MASAK, source-of-funds, sanctions, proceeds of crime and international information exchange issues must be assessed separately.

This may be an opportunity window. But it is a window that requires careful documentation and professional management.