Turkey Publishes New Law on Restructuring Public Receivables and Amending Certain Laws Including an Additional Corporate Tax for 2022

Turkey's Revenue Administration has announced the publication of Law No. 7440 of 9 March 2023 on Restructuring Public Receivables and Amending Certain Laws. The main measures of the law are for a new tax amnesty regime for outstanding public receivables including most taxes, customs duties, social security, administrative fines, late payment interest and penalties, etc. In general, the regime covers public receivables accrued up to 31 December 2022. Similar to prior amnesty regimes, the lat…