Based on this information, write a new short title in English: Decree having the force of law regarding the law regarding the acquisition of immovable property – BRTK

: The Decree Having the Force of Law on Making Regulations Regarding the Status of Existing Sales Contracts and Extending the Periods in the Provisional Article 1 of the Immovable Property Acquisition and Long-Term Rental (Foreigners) (Amendment) Law came into force by being published in the Official Gazette.

The purpose of the decree was expressed as extending the periods stipulated in the law for sales contracts exceeding the acquisition right in Provisional Article 1 of the law in question, to prevent the loss of income to the state, to collect taxes and fees and to contribute to the economy.

In the general justification of the decree, it is stated that due to various problems encountered in the implementation of the law, foreign real and legal persons cannot pay all the taxes and duties that foreign real or legal persons must pay within the periods stipulated in the law, due to reasons such as “being abroad, lack of communication between many buyers and sellers”, and therefore the state It was noted that he was deprived of these incomes.

The general justification included the following statements:

“There is an urgent need to collect these taxes and fees in order to prevent the loss of revenue for the State, to enable the collection of taxes and fees and to contribute to the economy, as well as to realize urgent State expenditures. For this reason, in the light of the above-mentioned reasons, this Decree having the Force of Law has been prepared under Article 112 of the Constitution, as the issue is of economic content and is urgent.”