Law No. 7582 on Amendments to Various Laws, dated May 21, 2026 (“Law“), was published in the Official Gazette dated June 4, 2026, numbered 33270.
The Law introduces a wide range of tax amendments and revises tax incentives and advantages relating to investments.
The Law introduces tax advantages for assets belonging to foreign investors, provides tax incentives for bringing undeclared assets to Türkiye, and introduces various other tax-related amendments:
I. Income Tax Exemption for Foreign Investors
New supplementary Article 20/D, added to Income Tax Law No. 193, introduces a twenty-year income tax exemption for income and earnings obtained abroad by real persons deemed resident in Türkiye, provided that certain conditions are met. Specifically, the relevant individuals must not have had a domicile or tax liability in Türkiye during the last three calendar years prior to being deemed resident in Türkiye.
II. Bringing Undeclared Assets to Türkiye
Money, gold, foreign currency, securities, and other capital market instruments held abroad or domestically but not recorded in books may be brought to Türkiye by July 31, 2027.
These assets will be subject to a tax rate of between 0% and 5%, determined based on the period during which the declared assets are held in time-deposit accounts, government domestic debt securities, lease certificates, or venture capital funds.
III. Amendments Relating to Tech Startups and Convertible Instruments
Under the amendments, the relevant provisions of the Turkish Commercial Code will no longer be applicable to conditional capital increases based on convertible debt instruments entered into by companies holding a “techno-initiative” badge. Accordingly, convertible notes and SAFE instruments which were previously unregulated under Turkish law, are carved out from the standard conditional capital increase regime and will be subject to a dedicated legal framework tailored specifically for tech startups.
The procedures and principles governing conditional capital increases for companies within this scope will be determined separately by the Ministry of Industry and Technology, upon consultation with the Ministry of Trade.
In addition, the income tax exemption for stock options granted by tech startups to their employees has been set at twice the employee’s gross salary for the relevant year.
The amendment also introduces an exemption from chamber membership fees for up to three years from incorporation for certain digital companies.
IV. Qualified Service Centers and Corporate Tax Incentives
Amendments to Foreign Direct Investment Law No. 4875 introduce the concept of a “qualified service center.” A special framework has been established for capital companies that are actively operating in at least three different countries and derive at least 80% of their annual revenue from related companies abroad. Under this framework, a wage exemption has been introduced for qualified service personnel, and a 95% corporate tax deduction applies to income derived from abroad. For entities operating in the Istanbul Finance Center and certain industrial zones, this rate may reach 100%.
V. Reduced Corporate Tax Rate for Manufacturing and Agriculture
The Law also amends the applicable corporate tax rate. A reduced rate of 12.5% will apply, as from 2027, to income derived from manufacturing activities by corporations holding an industrial registration certificate and actively engaged in production, as well as to income derived from agricultural production activities.
VI. Deferral of Public Receivables
The conditions for the deferral of public receivables have also been revised within the scope of the Law. Amendments to Law No. 6183 on the Procedure for Collection of Public Receivables extend the maximum deferral period for public receivables from 36 months to 72 months. In addition, the monetary threshold above which collateral is required for deferral requests has been increased from TRY 50,000 to TRY 1,000,000.
Please see this link for the full text of the Law (only available in Turkish).
