On July 4, 2026, the Ministry of Treasury and Finance (Revenue Administration) published the General Communiqué on Bringing Certain Assets into the Economy (Series No: 1) in the Official Gazette (Issue: 33300). This initiative, often referred to as the "Wealth Amnesty," provides procedures and principles for Provisional Article 19 of the Corporate Tax Law No. 5520, which was introduced by Law No. 7582 on May 21, 2026.
The objective is to integrate unrecorded assets (money, gold, foreign exchange, securities, and other capital market instruments) located abroad or domestically into the national economy, while granting significant tax inspection immunities to the declarants.
Download the full communiqué as a PDF
Access the printable version of this 2026 wealth amnesty guide, including the main declaration deadlines, Annex-1 and Annex-2 forms, and the applicable tax rates.
1. Scope of the Wealth Amnesty
The Communiqué covers the following essential areas:
- Assets Abroad: Repatriating money, gold, foreign exchange, securities, and other capital market instruments held by real persons and legal entities abroad to Türkiye and registering them in statutory books.
- Domestic Assets: Reporting and registering assets located in Türkiye that belong to income or corporate taxpayers but are not recorded in their statutory books.
- Non-Taxpayers: Reporting of domestic assets by individuals who do not have an income or corporate tax liability.
2. Declaring Assets Abroad and Repatriation
Assets abroad must be reported to banks or intermediary institutions in Türkiye by July 31, 2027 using the Annex-1 form.
Notification Principles
- Declarations can be made between June 4, 2026, and July 31, 2027.
- A single declaration is the general rule, but multiple declarations are permitted until the deadline.
- Corrections: If a taxpayer wants to decrease or increase the declared amount in the same month, a correction to the first declaration is required. If the amount is decreased, the excess tax paid upfront can be refunded.
- If a correction to reduce the amount is made in subsequent months, it must be done within the two-month period granted for repatriating the assets. Once assets are transferred or deposited, previously filed declarations cannot be corrected, and taxes cannot be refunded.
- If a taxpayer wishes to increase the declared amount in subsequent months, a completely new declaration must be filed instead of correcting the old one.
- Assets Held by Third Parties: Assets held abroad on behalf of company partners or legal representatives, based on a representation/proxy agreement drafted before June 4, 2026, can be declared on behalf of the company.
Example 1: Declaration Corrections
A real person declares foreign exchange equivalent to 15,000,000 TL on August 10, 2026. If they wish to decrease it to 7,500,000 TL or increase it to 22,500,000 TL within the same month, they must submit a correction. If they want to decrease it to 7,500,000 TL by October 10, 2026, they submit a correction via the bank. However, if they want to increase the amount to 22,500,000 TL in September or October, they must file a new declaration for the additional 7,500,000 TL.
3. Tax Rates and Financial Commitments
Banks and intermediary institutions will collect a 5% upfront tax over the declared asset value. This tax is declared and paid to the tax office by the evening of the 15th day of the following month.
Discounted Tax Rates & Commitment conditions for the 0% discounted tax rate
If the declarant commits to keeping the assets in term deposit accounts, government domestic borrowing notes (issued under Law No. 4749), lease certificates, or venture capital investment funds for specified periods, reduced tax rates apply (Annex-2 commitment form required):
| Commitment Period | Applicable Tax Rate (2026) |
|---|---|
| At least 5 years | 0% |
| At least 4 years | 1% |
| At least 3 years | 2% |
| At least 2 years | 3% |
| At least 1 year | 4% |
Note: For declarations made between January 1, 2027, and July 31, 2027, an additional 0.5% will be added to these rates. If the deadline is extended beyond July 31, 2027, the tax rates will increase by a cumulative total of 1 percentage point above the standard rates.
Example 2: 2-Year Term Deposit
Real person (A) declares 10,000,000 TL from abroad on September 15, 2026, and commits to keeping it in a term deposit for at least two years. The tax rate drops to 3%. The bank collects 300,000 TL upfront.
Example 3: 5-Year Term Deposit (Zero Tax)
(K) A.Ş. declares 25,000,000 TL on November 20, 2026, and commits to keeping it in a term deposit for at least five years. The tax rate is 0%, meaning no tax is collected.
Example 4: 2027 Rate Increase
Real person (B) declares 8,000,000 TL on February 5, 2027, committing to lease certificates for at least one year. The standard rate of 4% increases by 0.5% for the 2027 declaration. The applied rate is 4.5%, resulting in a 360,000 TL tax payment.
Critical Compliance Window
To benefit from reduced tax rates (0% to 4%), the declared assets must be converted into the committed financial instruments (term deposits, government bonds, etc.) within 10 days from the date of transfer/deposit (for foreign assets) or from the date of declaration (for domestic assets).
4. Deadline for transferring foreign assets to Turkey
Assets declared from abroad must be transferred to a bank or intermediary account in Türkiye within two months of the declaration.
- If brought physically, they must pass customs within two months and be deposited into a bank/intermediary account by the end of the first business day following customs clearance.
- Non-qualifying assets (e.g., real estate abroad) can be converted into qualifying assets (money, gold, etc.) and brought in by July 31, 2027.
5. Domestic Assets
Income or corporate taxpayers can declare assets already in Türkiye but missing from their statutory books via Annex-1. No separate declaration is submitted to tax offices directly.
Example 5: Unrecorded Domestic Assets
(ABC) A.Ş. has 15,000,000 TL worth of foreign exchange in its bank accounts that belongs to the company but isn't in its legal books. The company can declare this via the bank and benefit from the amnesty provisions.
Non-taxpayers and those not required to keep books can also benefit by depositing their undeclared assets into bank accounts as of the declaration date and providing necessary documentation.
Note on Partnerships & Sole Proprietorships
For declarations made on behalf of ordinary partnerships (adi ortaklık) and sole proprietorships (şahıs şirketleri), the partnership itself is protected against VAT audits, while the individual partners are protected against income or corporate tax audits.
6. Valuation, Mandatory special fund account setup and the 2-year holding requirement
Assets are valued based on the following criteria on the declaration date:
- Turkish Lira: Nominal value.
- Gold: Current market value (rayiç bedel).
- Foreign Exchange: Central Bank of Türkiye (TCMB) foreign exchange buying rate.
- Securities (Shares, Bonds, Eurobonds, etc.): Stock exchange value; if none, market value; if unknown, purchase value; otherwise nominal value.
- Investment Funds: Closing price in the relevant market.
Accounting: Taxpayers keeping balance sheet records must open a special fund account in liabilities for the declared assets. This fund becomes part of the capital, cannot be withdrawn from the business for two years, and can only be used for capital addition. Taxpayers keeping a freelance earnings book (professionals) or an operating account book are simply required to show the declared assets separately in their books. Profits realized from the subsequent disposal of these assets are subject to general tax principles, whereas any losses incurred from their disposal are strictly non-deductible for income or corporate tax purposes.
7. Wealth amnesty tax audit and inspection exemption (Income, Corporate, and VAT)
The core benefit of the Wealth Amnesty is the guarantee that no tax inspection or assessment will be conducted regarding the declared amounts for Income Tax, Corporate Tax, and Value Added Tax (VAT). To secure this immunity, taxpayers must:
- Repatriate assets within two months (for foreign assets).
- Pay the accrued taxes on time and adhere to commitment periods.
- Record the assets in statutory books in a special fund account and retain them for at least two years.
Example 6: Full Inspection Immunity
(ABC) A.Ş. declares 10,000,000 TL in domestic unrecorded assets. During a sector inspection for 2024, an inspector finds 5,000,000 TL of unrecorded sales. The company proves this discrepancy is part of the 10,000,000 TL declared under the amnesty. No tax assessment will be made.
Example 7: Partial Inspection Immunity
(DEF) Ltd. declares 50,000,000 TL. During a 2023 audit, a 75,000,000 TL tax base difference is found. The inspector determines that 40,000,000 TL of this difference correlates to the declared assets, while the rest relates to incorrect depreciation. The 40,000,000 TL portion is protected from tax assessment.
Example 8: Violation of Commitments
(GHI) A.Ş. declares 30,000,000 TL, committing to a 4-year term deposit to secure a 1% tax rate. However, the company breaches this condition after two years. The tax reduction is voided, the unpaid taxes are retroactively collected with late interest, and the company loses the tax inspection immunity provided by the law. However, no tax loss penalty (vergi ziyaı cezası) is applied in this case.
Frequently Asked Questions (FAQ) – 2026 Wealth Amnesty
Q1: Who is eligible to benefit from the Wealth Amnesty?
A: Real persons and legal entities holding assets abroad, as well as income or corporate taxpayers with unrecorded assets in Türkiye. Even non-taxpayers can declare domestic assets by depositing them in a bank.
Q2: What is the absolute deadline for declarations?
A: The deadline to declare assets to banks or intermediary institutions in Türkiye is July 31, 2027.
Q3: What types of assets are covered?
A: The law explicitly covers money, gold, foreign exchange, securities (shares, bonds), and other capital market instruments. Real estate is not directly covered but can be converted into cash/qualifying assets before being brought into Türkiye.
Q4: How can I reduce the 5% tax rate?
A: By committing to hold the repatriated assets in specific financial instruments (term deposits, government bonds, lease certificates, venture capital funds) for extended periods. A 1-year commitment reduces the tax to 4%, while a 5-year commitment reduces it to 0%. Crucially, you must convert the assets into the committed instrument within 10 days from the date of transfer/deposit (for foreign assets) or from the date of declaration (for domestic assets).
Q5: What happens if I make a mistake in my declaration?
A: You can file a correction. If you are reducing the declared amount, you can get a tax refund if you correct it within the allowed two-month repatriation period. If you want to declare more assets, you must file a new declaration.
Q6: Can the declared assets be withdrawn from the company immediately?
A: No. Taxpayers keeping balance sheet records must hold the declared assets in a special fund account under liabilities for at least two years. It cannot be withdrawn from the business during this time, except to be added to capital.
Q7: What is the main penalty if I fail to bring the assets to Türkiye within 2 months?
A: If you fail to bring the declared foreign assets into Türkiye within two months, or fail to deposit them in a bank, you completely lose the right to tax inspection immunity and assessment protection granted by the law. Any unpaid taxes will be collected with late interest, but importantly, no tax loss penalty applies.
Q8: Are taxes paid under this amnesty deductible?
A: No. Any taxes paid regarding the declared assets cannot be recorded as an expense or deducted from other taxes.
