author_ey
EY

Share This Article

Turkiye extends and amends withholding tax rates on income/gains from various sources

19 November 2024

|

Tax Alerts, Information Reporting, Natio...

|

Turkey

Turkiye has updated and extended withholding tax rates on various income and gains from interest, dividends and participation earnings to 31 January 2025, providing temporary relief for investors.A new Presidential Decree makes relevant changes with regard to interest, dividends and participation earnings on different types of accounts, as well as income from bonds, bills, lease certificates and securities, with rates varying based on maturity and account type.As a result of the changes, multinational entities will want to evaluate their financial assets and operations in Turkiye, ensuring their compliance and considering the potential effect of the updated rates.  Executive summaryPublished in...