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Turkiye amends regulation on utilization of foreign loans

|Tax Alerts, National/Federal Taxation, G ...|Turkey
Turkey

  • A new Communique amends prior law by eliminating an exception that had allowed Turkish residents, in specific situations, to obtain loans from abroad without utilizing Turkish banks as intermediaries.
 

Due to a change in the law in Turkiye, Turkish residents must utilize intermediary Turkish banks whenever obtaining loans from abroad. This change became effective on 24 January 2025, when the "…

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