Turkey: Decrease of withholding and capital gain tax rate for individuals holding government bonds and treasury bills adopted
Clearstream Banking1 would like to inform customers that effective
22 December 2022
the withholding and capital gains tax on Turkish government bonds and treasury bills has been reduced from 10% to 0% for individuals, who have purchased such securities during the period of 22 December 2021 – 31 December 2022.
This is following the Presidential Decision No. 4937, which entered into force on the date of its publication in the Official Gazette (22 December 2021).
Impact on customers
The amended tax rate will be applied to Turkish government bonds and treasury bills purchased during the period of 22 December 2021 – 31 December 2022.
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 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, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.