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What Is the Asset Repatriation Scheme? Current Information Under the 2026 Regulation

The Asset Repatriation Scheme is an important legal arrangement that allows individuals and legal entities to bring certain assets held abroad or within Türkiye, but not recorded in official accounts, into the legal and financial system. The new Asset Repatriation Scheme introduced under Provisional Article 19, which was added to the Corporate Tax Law by Law No. 7582 and entered into force in 2026, aims to bring unregistered assets into the economy, strengthen the financial system, and encourage voluntary tax compliance.

Under the regulation, cash, foreign currency, gold, securities, and other capital market instruments may be declared. Assets held abroad may be reported to banks or intermediary institutions until 31 July 2027 and transferred to Türkiye within the prescribed period following the declaration, thereby bringing them into the financial system. Similarly, assets located in Türkiye but not recorded in business accounts may also be formally registered in accordance with the procedures set out in the regulation.

One of the most notable features of the new arrangement is the protection it provides against tax inspections and additional tax assessments, provided that all conditions relating to the declared assets are fully satisfied. In addition, the applicable tax rate may vary depending on whether the assets are invested in specified financial instruments and how long they are retained. In certain circumstances, the tax rate may be reduced to as low as 0%. In this way, the regulation aims to encourage investment and create long-term financial resources.

The Asset Repatriation Scheme offers significant advantages, particularly for investors holding savings abroad, companies engaged in international trade, and businesses seeking to bring previously unregistered financial assets into the legal system. Declared assets may be entered into company records, strengthen balance sheets, and help businesses make their financial structures more transparent.

However, the Asset Repatriation Scheme does not provide an exemption from legislation concerning the prevention of money laundering or the financing of terrorism. Banks and intermediary institutions must continue to fulfil their customer identification, due diligence, and review obligations under the applicable legislation. For this reason, it is important that the application process be carried out with the support of a customs broker and customs consultant.

In conclusion, the new Asset Repatriation Scheme that entered into force in 2026 provides individuals and companies with important opportunities to bring unregistered assets into the economy securely, strengthen financial records, and support the investment environment. Applications must be submitted within the statutory deadlines and in compliance with the relevant legislation in order to benefit fully from the advantages offered by the regulation.