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16 May 2025

Turkiye extends application of 0% withholding tax on income/gains from government bonds, treasury bonds and certain lease certificates

  • Presidential Decree No. 9769, published on 1 May 2025, extends until 31 July 2025 the application of a 0% withholding tax rate on income and gains from government bonds, treasury bonds and certain lease certificates.
  • This extension applies to income derived from bonds and lease certificates acquired between 22 December 2021 and 31 July 2025.
  • The 0% withholding tax rate aims to encourage investment in government securities and asset-leasing companies.
 

Presidential Decree No. 9769 (Decree), published in the Turkish Official Gazette on 1 May 2025, extends from 30 April 2025 to 31 July 2025 the application of a 0% withholding tax rate on income and gains derived from various sources. (For background, see EY Global Tax Alert, Turkiye updates the withholding rates on several income sources, dated 6 February 2025.)    

Provisional Article 4 of Decree No. 2006/10731

A 0% rate applies on the income and earnings derived from government bonds and treasury bonds issued by the Ministry of Treasury and Finance, as well as on income and earnings derived from lease certificates issued by asset-leasing companies that are established under Law No. 4749. These bonds and lease certificates must be acquired between the effective date of Provisional Article 4 (22 December 2021) and 31 July 2025 (inclusive of this date).

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Contact Information

For additional information concerning this Alert, please contact:

Kuzey Yeminli Mali Müsavirlik ve Bagimsiz Denetim A.S., Istanbul

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2025-1078

 

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