NEWSLETTER-2019-metin

310 NEWSLETTER 2019 • Airline enterprises (from their commercial passenger activi- ties): TRY 7.5 out of every TRY 10,000; and • Airport and terminal enterprises, except for those operated by the General Directorate of the State Airports Authority: TRY 2 out of every TRY 1,000. Tourism share will be calculated based on the total net sales and leasing income. These rates will be reduced by 50 % for facilities engaged in the tourism types incentivized by the Ministry (such as winter, health, qualified sport tourism). The tourism share will be declared by the end of the 24th day of the month following the taxpayer’s taxation period under the Value Added Tax Code no. 3065 (“VAT Code”) and it should be declared to the taxpayer’s registered tax office for income tax or corporate income tax purposes. Those who are not income or corporate income taxpay- ers must declare the tourism share to the tax office to be determined by the Revenue Administration. The payment should be made by the end of the 26th day of the month during which the declaration is made. Tax Amnesty Important amendments have been introduced through the Law No. 7186 Amending Income Tax Code and Other Codes (“Law No. 7186”), published in the Official Gazette dated 19 July 2019 and No. 30836 (Reiterated). The Law No. 7186 introduced a new “Tax Amnesty” for taxpayers. The main principles regarding the new Tax Amnesty may be summarized as follows. Foreign Assets Individuals and legal entities may dispose of their money, gold, foreign exchange, securities and other capital market instruments held abroad if they duly notify these assets to Turkish banks or intermedi- ary institutions by 31 December 2019. Taxpayers keeping their legal books in accordance with the Tax Procedural Code no. 213 (“TPC”) may include those assets brought into Turkey into their enterprise without including them in the deter-