New Tax Amnesty Is on the Way

On 27 January 2023, the Draft Law on the Restructuring of Certain Receivables and Amending Certain Laws (“Draft Law“), referred to as the “tax amnesty of the century,” was submitted to the Turkish Parliament. It includes provisions regarding the restructuring of various public receivables, including tax receivables, tax base increase and business records correction. Considering the election calendar, the Draft Law is expected to be enacted by mid-February.