Following the enactment of Law No. 7582 on 4 June 2026, the Turkish Revenue Administration has published Communiqué on Asset Repatriation and Voluntary Disclosure of Assets (Serial No. 1), providing detailed guidance on the implementation of the newly introduced asset repatriation regime.
In our June 2026 tax alert, we outlined the key features of the asset repatriation regime introduced under Law No. 7582, which provided tax protection on assets repatriated to Türkiye under mentioned circumstances. The newly published communiqué provides further clarification regarding the practical application of these provisions
Scope of eligible assets
The regime applies to cash, foreign currency, gold, securities and other capital market instruments held abroad, as well as certain qualifying assets located in Türkiye that are not reflected in statutory records. Foreign-held assets may be notified to Turkish banks or intermediary institutions until 31 July 2027.
The communiqué also confirms that assets that do not directly fall within the scope of the regime, such as foreign real estate, may become eligible if converted into qualifying financial assets before notification. This may create planning opportunities for taxpayers holding non-financial assets abroad.
Notification and transfer procedures
Individuals may submit notifications directly or through authorized representatives using the prescribed declaration form. The communiqué confirms that multiple notifications may be submitted during the application period and provides rules for correcting previously submitted notifications.
Declared foreign assets must generally be transferred to Türkiye within two months from the notification date and deposited with a Turkish bank or intermediary institution.
Reduced tax rates through holding commitments
The standard tax rate applicable under the regime is 5%. However, taxpayers may benefit from significantly reduced tax rates if they undertake to maintain the declared assets in certain qualifying investments for specified periods. To benefit from the reduced rates, a formal undertaking must be submitted to the relevant bank or intermediary institution at the time of notification.
| Minimum holding period | Applicable tax rate |
| 5 years | 0% |
| 4 years | 1% |
| 3 years | 2% |
| 2 years | 3% |
| 1 year | 4% |
| No commitment | 5% |
The communiqué further confirms that notifications submitted between 1 January 2027 and 31 July 2027 will be subject to an additional 0.5 percentage-point increase in the applicable tax rate. If the application period is extended beyond 31 July 2027, notifications submitted during the extended period will be subject to a cumulative increase of 1 percentage point.
Domestic unrecorded assets
The communiqué also provides guidance in respect of assets located in Türkiye but not recorded in statutory books and records. Such assets may be reported through Turkish financial institutions and brought into the formal accounting system in accordance with the conditions prescribed under the regime.
Conditions for protection from tax audit and assessment
One of the most attractive features of the regime is the protection from tax audit and tax assessment in relation to declared assets.
The communiqué emphasizes that this protection is conditional upon full compliance with the requirements of the regime. Failure to satisfy these requirements may result in the loss of the benefits available under the regime.
Key takeaway
The communiqué provides long-awaited guidance on the implementation of the asset repatriation regime. In addition to clarifying related procedures, it confirms how taxpayers may access reduced tax rates through qualifying investment commitments.
Individuals and businesses holding foreign assets should carefully assess whether the regime may provide an opportunity to regularize asset holdings, access favorable tax treatment and obtain the protections available under the legislation.
For a deeper discussion on the above, please reach out to your Vialto Partners point of contact, or alternatively:
Cumhur Dülger
Partner
Münevver Gaynetullah
Senior Consultant
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