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Turkey Extends Marketable Securities Withholding Tax Exemption

|Approved Changes|Turkey
Turkey

On 1 January 2016, Law No. 6655 was published in Turkey's Official Gazette. The law extends the withholding tax exemption for marketable securities under temporary Article 67 of the Turkish Income Tax Law, including capital gains derived by non-residents from shares listed on the Istanbul Stock Exchange. The exemption was to expire 31 December 2015, but will now apply through 31 December 2020.

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