Jump to content

Tax Cuts on Bank Deposits in Turkey

By Alejandra Pousa, 05/06/21

In order to encourage lira savings, deposits of up to 6 months have now a lower tax, from 15% it went down to 5%, while tax on deposits of up to one year has gone from 12% to 3%. Accounts of more than a year tenure are not subject to taxes.

This is the third time these measures have been extended since September 2020. They will remain in force until the end of July.

Source: Hürriyet




There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
IP.Board News by DevFuse
  • Create New...