Parliament this week will discuss asset reconciliation regulations and tax advantage proposals for Istanbul Financial Centre companies
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The Turkish Grand National Assembly faces a busy agenda this week. The General Assembly will discuss regulations related to 'asset reconciliation'. Additionally, draft laws providing tax benefits to companies within the Istanbul Financial Centre are being considered. In addition, regulations regarding the extension of Social Security Institution (SGK) debt installments from 36 months to 72 months will also be on the agenda. These regulations are expected to have significant economic impacts. In particular, the asset reconciliation law has previously provided opportunities for businesses and individuals to regularize their financial situations.