Turkey Issues Guidance on New Inpatriate Tax Regime

Turkey's Revenue Administration has announced the issuance of guidance on the new inpatriate tax regime introduced by Law No. 7582. This regime provides a 20-year tax exemption on foreign-source income and gains for individuals who establish residency in Turkey. The published guidance covers:

• Who can benefit from the exemption;
• The specific conditions required to qualify;
• Where to apply and what documents are needed;
• Application deadlines; and
• The review process and penalties for failing to…