Türkiye's 2026 Asset Amnesty (Varlık Barışı)

What the 2026 Asset Peace regime is

Alongside the headline income-tax exemption, Law No. 7582 introduced Türkiye's eighth "Asset Peace" (Varlık Barışı) regime, added to the Corporate Tax Law as Geçici Madde 19. It lets individuals and companies bring foreign-held and unrecorded domestic assets into the formal financial system by declaring them through a Turkish bank or brokerage and paying a one-off charge. The implementing communiqué (Series No. 1) followed on 4 July 2026 (Official Gazette No. 33300).

The assets in scope are money, gold, foreign currency, securities and other capital market instruments held abroad, plus domestic assets that exist but are not recorded in a taxpayer's statutory books.

The rates: from 5% down to 0%

The standard rate is a flat 5% on the declared value, collected upfront by the bank or intermediary. The distinctive feature of the 2026 regime is that this rate can fall all the way to 0% — you commit to keeping the declared assets in specified Turkish instruments (time-deposit accounts, government domestic debt securities and lease certificates, or venture-capital investment funds) for a set number of years. The longer the commitment, the lower the rate:

Step-by-step mechanics — including how the upfront 5% interacts with the reduced-rate commitment — are in how to get the rate down to 0%.

Deadlines and the surcharge windows

The rates above apply to declarations made in the base window through the end of 2026. Declare later and a surcharge applies:

• Through 31 December 2026: base rates (5% standard; 0–4% with a commitment).
• 1 January – 31 July 2027: each rate rises by 0.5 percentage points (so the standard rate becomes 5.5%).
• If the deadline is extended beyond 31 July 2027: a further 0.5 points (a total of +1, so 6% standard).

There is no stamp duty on the declaration or the commitment letter. Foreign assets must be physically transferred to Türkiye within two months of the declaration date. The timing detail is covered in deadlines and the surcharge windows.

How the tax is collected

You do not file this yourself in the ordinary way. The bank or brokerage that receives your declaration collects the tax on the declared value, then declares and pays it to its tax office by the 15th day of the following month, acting as the responsible party. Your job is to declare accurately, move the assets in on time, and — if you want a reduced rate — meet the holding commitment.

Is it really a "tax amnesty"?

Not in the way people often assume. The regime is better described as a regularisation and compliance mechanism than a forgiveness of back taxes. Its core benefit is protective: where you declare properly and meet the conditions, the declared assets are generally not subject to tax inspection on account of their previously unrecorded status. It brings money into the system cleanly rather than wiping a specific tax bill. We draw the distinction carefully in is Asset Peace a tax amnesty?

Asset Peace vs the 20-year exemption

These two measures are often confused because they arrived together, but they solve different problems. The 20-year exemption is about people and their future income — it stops Türkiye taxing your foreign earnings once you become resident. Asset Peace is about existing assets — it regularises wealth you already hold outside the system. Many relocating families will use both: declare and bring in the asset base under Asset Peace, then live on foreign income under the exemption.