On 30 November 2018, Turkey published Decision No. 405 in the Official Gazette, which provides for a six-month extension of the deadlines in relation to foreign assets disclosure under the tax amnesty regime introduced by Law No. 7143 of 11 May 2018 (previous coverage). This essentially provides that taxpayers now have until 31 May 2019 to disclose foreign assets and until 30 June 2019 to pay a 2% tax on the assets disclosed, instead of the original deadlines of 30 November 2018 and 31 December 2018, respectively.
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