On 16 October 2008, Official Gazette No. 705/2008 published Emergency Ordinance No. 127/2008 amending the Fiscal Code. Unless otherwise indicated, the changes are effective on 1 January 2009. The most important direct taxation changes are summarized below. For indirect taxation changes, see TNS:2008-11-05:RO-2.

Capital gains

Capital gains from trading sec…

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