Turkey Tax Debt Restructuring and Amnesty Law Published

On 19 August 2016, Turkey's new law for tax debt restructuring and amnesty (Law No. 6736) was approved by the Turkish president and published in the Official Gazette. The main provisions of the law include:

• Taxpayers are allowed to restructure and settle their outstanding tax debts and other public receivables as of 30 June 2016, with a reduction in the amount due and the option to pay a lump-sum or in installments (up to 18 over 36 months) - available for tax assessments,  customs…