OrbitaxTurkey Extends Reduced Withholding for TRY Denominated Accounts and Other Instruments and Provides Reduced Rate for Asset/Mortgage-Backed Securities
|Approved Changes|Turkey
Turkey's Revenue Administration has announced the publication of Presidential Decision No. 5752 of 27 June 2022, which provides for a further extension of the reduced withholding tax rates applicable to interest on deposit accounts denominated in Turkish lira (TRY). Previously extended to 30 June 2022, the reduced rates now apply until 31 December 2022. Decision No. 5752 also extends to 31 Dec…
Continue Reading
