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Turkey temporarily reduces the withholding tax rate on income and gains derived from government bonds, treasury bills and lease certificates

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Turkey

On 22 December 2021, Turkey’s Presidential Decision No.4937 (the Decision) was published on the Official Gazette.

According to the Decision, the withholding tax rate applied to income and gains derived from:

  • Government bonds and treasury bills issued by Ministry of Finance and Treasury

  • Lease certificates issued by asset leasing companies that are established as per Law No. 4749

Has been temporarily se…

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