Turkey's Revenue Administration has announced the publication of General Communiqué Series No. 1 in the Official Gazette, which provides rules for the implementation of the voluntary disclosure (amnesty) scheme recently introduced under Law No. 7417. As previously reported, the scheme is available for certain domestic and foreign assets, including cash, gold, foreign exchange, securities, and other capital market instruments. The General Communiqué details the procedures for the declaration of assets and the payment of tax on declared assets, with separate rules for foreign assets and domestic assets, as well as other related matters. Foreign assets declared are subject to tax...