TUR Tax Bonds, Securities Income

On Dec. 29, TUR Tax issued decision re income withholding rate.

  • 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.

Regulators TUR Tax
Entity Types Auditor; CNSM; Corp
Reference 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
Functions Accounting; Financial; Tax; Treasury
Countries Turkey
Products Corporate; Equity; Mutual Funds; Securities
Regions EMEA
Rule Type Final
Rule Date 12/29/2022
Effective Date 4/30/2024
Rule Id 158260
Linked to N/A
Reg. Last Update 12/28/2023
Report Section International

Last substantive update on 01/03/2024