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Turkiye limits 0% withholding tax rate on share-buy-back transactions for corporations with shares traded in Borsa Istanbul

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Turkey

  • Presidential Decision No. 6791, published in the repeating Official Gazette dated 14 February 2023, eliminated the 15% withholding tax (WHT) on amounts considered to be dividends distributed as a result of share-buy-back transactions.
  • On 7 July 2023, Presidential Decision No. 7343, limited the application of the 0% WHT to share-buy-back transactions of corporations whose shares are traded in Borsa …

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