Alongside the residence incentives, Law No. 7582 opened a regularisation window Turkish practice calls Varlık Barışı, Asset Peace. Individuals and companies can declare previously unrecorded assets, foreign or domestic, including cash, gold, foreign currency and securities, and bring them into the recorded economy at a fixed one-off cost.
The mechanics
The standard levy is 5% of the declared value. Declared assets must be transferred to Turkish accounts, or physically imported, within two months of filing. In exchange, the law shields the declared assets from tax examination and retroactive assessment as to their origin: the point of an amnesty.
The rate falls on a sliding scale for funds committed to qualifying Turkish instruments: time deposits, government bonds, lease certificates or venture capital funds. One year of commitment brings the levy to 4%, two years to 3%, three to 2%, four to 1% and five years to 0%.
Deadlines and surcharges
The window runs to 31 July 2027, extendable by presidential decree. Filings made from 1 January 2027 carry a 0.5 percentage point surcharge on every tier, and a further half point applies if the window is extended beyond July 2027. Early filers pay less: the design is deliberate.
The judgement call
The 0% headline requires five years in lira-denominated or Turkish-market instruments, and the lira’s volatility is not a footnote: policy rates near 37% tell you what the currency market thinks. For many clients the honest answer is that 5% paid in full, or a short commitment at 3 to 4%, prices the risk better than a five-year lock-in chasing zero.
Asset Peace is a genuine opportunity for the right balance sheets, particularly ahead of a move that will make you visible to the Turkish system anyway. It deserves specialist advice, which is exactly what we arrange before anyone files anything.
Insights are general information, not tax advice. Figures reflect the law as of the publication date. Obtain personal advice before acting.