Turkey announces rate changes on deposit interest withholding taxes, foreign currency loans (RUSF), and stamp tax [TAX ALERT]
January 16, 2013On 1 January 2013, the Council of Ministers Decree No. 2012/4116 (the Decree) was published in the Official Gazette. The Decree revises withholding tax rates on interest derived from deposit accounts. It also revises rates on the Resource Utilization Resource Fund tax imposed on foreign currency loans as well as the stamp tax.
Further details are available from the Ernst & Young Tax Alert which can be accessed using the link below:
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