A Brand New Beginning

As of 1 June 2009 an opprotunity is provided to disclose and declare the assets possesed by individuals and legal entities abroad and the assets located in Turkey but not included in the equities of enterprises until 30 September 2009. The assets which are to be declared within the scope of the Law No.5811 consist of Money, foreign currency, gold, securities and other capital market instruments, and immovables. By the reason of the assets disclosed or declared, tax examination and tax assessment for the periods before 1 January 2008 will under no circumstances be made. The assets abroad, other than immovables must be brought into Turkey or transferred to a bank account or a brokerage house in Turkey within one month from the date of disclosure or declaration.