TUR Tax Bonds, Securities Income

Updated on: Feb 5, 2025

Latest Event


  • Jan. 2025 Withholding Tax Changes
  • On Feb. 1, 2025, TUR Tax informed of publication of the Presidential Decree No 9487.
  • Reduced withholding tax for income from government bonds, treasury bills and income from lease certificates by asset leasing companies is extended until Apr. 30, 2025.
  • Termination of reduced withholding tax for interest and dividends paid to TL deposit or participation accounts, including exchange rate protected accounts, bonds' income.
  • Income from bills issued by banks, income from lease certificates by asset leasing companies where the fund user is these banks, income from asset-backed securities.
  • And from mortgage-backed securities, asset-backed and mortgage-backed securities issued by mortgage finance institutions established under the Capital Markets Law.
  • Changed withholding tax rate for profits from investment fund participation shares.

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.
  • 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.
  • Aug. 1, 2024 Extension Decision
  • On Aug. 1, 2024, TUR Tax issued notice on publication of Presidential decision 8775, extending the reduced income withholding tax rate application until Oct. 31, 2024.
  • Decision in line with provisional article 67 of the Income tax law No. 193.
  • Nov. 2024 Extension Decision
  • On Nov. 1, 2024, TUR Tax issued decision, and note as per scope of the authority in 17th paragraph of temporary 67th article of the Income Tax Law No. 193.
  • The phrases of Oct. 31, 2024 in the Annex Decree of the Presidential Decree No. 9075 dated Oct. 31, 2024 and the annex Decree of the Cabinet Decree 2006/10731.
  • First paragraph of temporary 2nd, temporary 3rd article, temporary 4th and temporary 5th articles, this was changed to Jan. 31, 2025 and the implementation extended.
  • This period was extended by 3 months until Jan. 31, 2025 (including this date).
  • Jan. 2025 Withholding Tax Changes
  • On Feb. 1, 2025, TUR Tax informed of publication of the Presidential Decree No 9487.
  • Reduced withholding tax for income from government bonds, treasury bills and income from lease certificates by asset leasing companies is extended until Apr. 30, 2025.
  • Termination of reduced withholding tax for interest and dividends paid to TL deposit or participation accounts, including exchange rate protected accounts, bonds' income.
  • Income from bills issued by banks, income from lease certificates by asset leasing companies where the fund user is these banks, income from asset-backed securities.
  • And from mortgage-backed securities, asset-backed and mortgage-backed securities issued by mortgage finance institutions established under the Capital Markets Law.
  • Changed withholding tax rate for profits from investment fund participation shares.
Regulators
TUR Tax
Entity Types
Auditor; CNSM; Corp
Reference
OG 32800, 2/1/2025; Dec 9487, 1/31/2025; PR, OG 32709, Dec 9075, 11/1/2024; Nt, PR, 1/8/2024; OG 32619, 7/31/2024; 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
Functions
Accounting; Financial; Tax; Treasury
Countries
Turkey
Category
State
N/A
Products
Corporate; Equity; Mutual Funds; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Dec 29, 2022
Effective Date
Apr 30, 2025
Rule ID
158260
Linked to
N/A
Reg. Last Update
Feb 1, 2025
Report Section
International