Turkey Introduces 20-Year Tax Exemption for Funds Brought from Abroad

Turkey has launched a 20-year tax exemption for individuals and institutions bringing foreign currency or Turkish lira into the country. The regulation aims to encourage the repatriation of assets held abroad. Under the exemption, funds brought from abroad will be exempt from income and corporate taxes. The measure applies to both real and legal persons and will remain in effect for 20 years. Officials expect this step to increase capital inflows to Turkey, contributing to economic growth. The regulation offers an attractive opportunity, particularly for Turkish citizens with savings abroad and foreign investors. Those wishing to benefit from the tax exemption must follow specific procedures. Details are expected to be announced by relevant official institutions. This is not investment advice.