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Turkey Reduces Capital Gains Tax Exemption on Shares

|Approved Changes|Turkey
Turkey

Turkey's Revenue Administration has announced the publication of Presidential Decision No. 9160 in the Official Gazette on 27 November 2024, which reduces the tax exemption on capital gains from the sale of participation shares held for at least two full years from a 75% exemption to a 50% exemption. This also applies for gains from founders' shares, redeemed shares, and preemptive rights owne…

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