TAX NEWS NO: 2015/5

June 17, 2015

Amendments Have Been Made to The Council of Ministers Decision No. 32 Pertaining to Protection of The Value of Turkish Currency.


As per the Council of Ministers Decision no. 2015/7603 which was promulgated in the Official Gazette dated 11.06.2015, certain amendments have been made to the Decision no. 32 On The Protection Of The Value Of Turkish Currency.

  • According to previous legislation, their exportation was free under the following principles:
    i) Residents in Turkey and non-residents shall be free to transfer Turkish currency abroad via banks.
    ii) Travelers may freely take Turkish currency abroad on their person, up to the equivalent of USD 5.000.
    iii) Exportation of instruments denominated in Turkish currency shall be free. 
    With the new regulation, importation and exportation of Turkish currency and instruments denominated in Turkish currency shall be free. 
  • The rules pertaining to foreign currency banknotes that are to be taken abroad up to Euro 10.000,- or an equivalent amount in another currency, will be determined by the Ministry of Finance.

  • The rules pertaining to Turkish Lira that is to be taken abroad up to 25.000,- will be determined by the Ministry of Finance.

Yours sincerely,

Deloitte Turkey

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

These materials and the information contained herein are provided by Deloitte Turkey and are-intended to provide general information on a particular subject or subjects and are not on exhaustive treatment of such subject(s).

Accordingly, the information in these materials is not intended to constitute accounting, tax, investment, consulting, or other professional advice or services. The information is not intended to be relied upon as the sole basis for any decision which may affect your personal finances or business, you consult a qualified professional adviser.

 These materials and the information contained therein are provided as is, and Deloitte Turkey makes no express or implied representations or warranties regarding these materials or the information contained therein. Without limiting the foregoing, Deloitte Turkey does not warrant that the materials or information contained therein will be error-free or will meet any particular criteria of performance or quality.

Deloitte Turkey expressly disclaims all implied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security and accuracy.

Your use of these materials and information contained therein is at your own risk, and you assume full responsibility and risk off loss resulting from the use thereof. Deloitte Turkey will not be liable for any special, indirect, incidental, consequential, or punitive damages or any other damages whatsoever, whether in an action of contract, statue, tort (including, without limitation, negligence), or otherwise, relating to the use of these materials or the information contained therein.

© 2015 Deloitte Global Services Limited