Important Announcement on Determination of Contract Amounts in Foreign Currency

On March 6, in the bulletin we shared with you, the restriction on the fulfillment of payment obligations between Turkish residents in foreign currency under contracts for the sale of securities, other than contracts for the sale of vehicles, was removed.

Following this announcement, the Revenue Administration made another notice and emphasized that it is still prohibited to conclude real estate leasing, real estate sales, employment, service, work and financial leasing contracts in foreign currency or indexed to foreign currency (except in specified exceptional cases). In other words, the amendment dated 6.03.2025 only regulates the sale of securities contracts.