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13 September 2018

Turkey requires contracts between Turkish residents to be valued in Turkish Lira

The Turkish Presidential Decision amending Decree No. 32 Regarding the Protection of the Value of the Turkish Currency (Decree No. 32) was published in the Official Gazette on September 13. For existing contracts, the agreed contract price and other obligations established in foreign currency, except for cases to be declared by the Ministry of Treasury and Finance, must be redefined by the parties in Turkish Lira within 30 days of September 13.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of this Tax Alert

Document ID: 2018-1802

 

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