Turkey: Validity of temporary Article 67 of Income Tax Law extended


Clearstream Banking1 would like to inform customers that effective

1 January 2016

the validity of temporary Article 67 of Turkish Income Tax Law has been extended until 31 December 2020.


Temporary Article 67 was added to the Turkish Income Tax Law on 1 January 2006 and was to expire on 31 December 2015 (Please refer to our TaxFlash T15052, dated 16 October 2015, for further details). The purpose of this temporary Article was to introduce a withholding tax system for the taxation of income from equities and other capital market instruments.

The Law to extend the validity of temporary Article 67 until end of December 2020 was approved by the Parliament on 29 December 2015 and published in the Official Gazette on 1 January 2016.

Impact on customers

The current Turkish withholding tax regime implemented on 1 January 2006 will remain applicable until 31 December 2020.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.

1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.