TUR Tax issued decision 6618 of Dec. 28, 2022, regarding bonds', securities' income.
Decision on withholding rates in provisional article 67 of income tax law No. 193.
Purpose
The discounted income withholding rates application defined by the supplementary decision of the Council of Ministers No 2006/10731 were extended until Jun. 30, 2023.
Regarding income from deposit interests and dividends, bonds and bills, mutual funds.
Also, regarding income from asset-backed securities and mortgage-backed securities.
Effectiveness
The discount rates defined in each case have been extended until Jun. 30, 2023.
Dec. 2023 Further Extension
On Dec. 28, 2023, TUR Tax informed of the publication of the Presidential dec 8002 that extended the reduced income withholding tax rate application until Apr. 30, 2024.
Including rates re deposit interests and dividends paid against participation accounts.
Income obtained from government bonds and Treasury bills and lease certificates.
Income and revenues obtained from bonds and bills issued by banks and lease certificates issued by Asset Lease Companies where the fund users are banks.
Income from investment funds, and income from asset-backed securities, mortgage-backed securities, mortgage-backed securities as well as from asset-backed securities.
May 2024 Further Extension
On May 1, 2024, TUR Tax informed of the publication of the Presidential decision 8434 that extended the reduced income withholding tax rate application until Jul. 31, 2024.
Regulators
TUR Tax
Entity Types
Auditor; CNSM; Corp
Reference
PR, OG 32533, 5/1/2024; Dec 8434, 4/30/2024; OG 32413, 12/28/2023; Dec 8002, 12/27/2023; OG 32058, PR, 12/29/2022; Dec 6618, 12/28/2022; Dec 2006/10731; Income Tax Law 193
