Turkey's Revenue Administration has issued several notices regarding various tax rate changes through presidential decisions. The decisions and changes are summarized as follows:
- Presidential Decision No. 7343, which reverses an earlier reduction in the withholding tax rate to 0% on share buybacks (deemed dividends) by Presidential Decision No. 6791 on 14 February 2023 so that the standard 15% rate applies from 7 July 2023, although a 0% rate is still provided for companies listed on the Is…