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Turkey's Revenue Administration Releases New "Regret Declaration Guide"

|Approved Changes|Turkey
Turkey

Turkey's Revenue Administration has announced the release of a new "Regret Declaration Guide", which covers the regret and correction scheme that allows taxpayers to voluntarily and spontaneously submit a notification of illegal actions that result in a tax loss and receive relief from tax lose penalties and the application of evasion provisions. The guide covers all aspects of the scheme with…

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