Tax advantage for deposits continues

The tax advantage on deposits, participation funds, lease certificates and securities will continue until the end of April 2024.

Withholding rates on deposits, dividends, lease certificates, bonds and bills and securities earnings will be applied unchanged until April 30, 2024.

The validity period of the withholding rates specified in the temporary provisions in the provisional article 67 of the income tax law was set to expire on December 31, 2023.

With the Presidential decision published in today’s issue of the Official Gazette, the validity period of the said withholding rates has been set as April 30, 2024.

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