11 September 2018 Turkey announces temporary withholding tax rates on deposit interest Turkey, through Presidential Decision no.53 published in the Official Gazette dated August 31, has announced: - The temporary reduction of withholding tax rates on the interest paid on the Turkish Lira (TL)-denominated deposit accounts by banks and participation banks. - The temporary increase of withholding tax rates on interest paid on foreign exchange deposit accounts by banks and participation banks have been increased effective for certain terms. Document ID: 2018-1788 |
