taxnews.ey.comPrint

15 December 2025

Turkiye extends through 2030 availability of temporary Article 67 on taxation of marketable securities and derivatives

  • On 11 December 2025, Turkiye's Presidential Decision No. 10680 was published, extending through 31 December 2030 the application period for temporary Article 67 of the Income Tax Code, which governs withholding tax on marketable securities and derivatives.
  • Temporary Article 67 implements a source-based withholding tax mechanism for income and gains from securities, maintaining a general withholding tax rate of 15%, which has been adjusted through various legislative
  • This extension allows for continued taxation at the source for a broad range of securities income.
  • Affected taxpayers should assess the implications of this extension on their investments and tax planning, ensuring compliance with the withholding tax requirements for marketable securities and derivatives through 2030.
 

Presidential Decision No. 10680, published in the Official Gazette on 11 December 2025, extended through 31 December 2030 the application period for temporary Article 67 of the Income Tax Code, which regulates withholding tax application on marketable securities and derivatives.

Temporary Article 67 establishes a source-based withholding mechanism for the taxation of income and gains derived from securities, a regime that has been in force since 1 January 2006. Although the general 15% withholding tax rate has been subject to various adjustments over time through legislative amendments and decisions of the Council of Ministers or the President acting under delegated authority, the core approach of taxing a broad range of securities income at the source has remained substantially unchanged throughout its implementation.

Originally scheduled to expire on 31 December 2015, Article 67's validity period was first extended to 31 December 2020 under Law No. 6655. Subsequently, Law No. 7256 further prolonged the application period until 31 December 2025 and granted the President extension authority up to additional five years.

On 11 December 2025, this authority was exercised through Presidential Decision No. 10680, extending the application period of temporary Article 67 through 31 December 2030.

* * * * * * * * * *
Contact Information

For additional information concerning this Alert, please contact:

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

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

Document ID: 2025-2508

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement