On 3 June 2020, the Turkish Revenue Administration has published Presidential Decree No. 2604 in the official gazette, through which the withholding tax on the portfolio income of the specific foreign exchange hedge (Also called FX hedge) funds has been increased from 0% to 15%. The Decree entered into force on the day of its publication.
Related Posts
Turkey: Revenue Administration publishes guidance on foreign income exemption
September 11, 2026
Turkey’s Revenue Administration published a guidance on 7 September 2026 outlining a 20-year income tax exemption for
Read More Turkey expands tax exemptions to other banks
September 09, 2026
Turkey has expanded the scope of tax, duty, and fee exemptions applicable to foreign exchange-earning activities by
Read More
Turkey raises withholding tax on money market funds
September 09, 2026
Turkey’s Revenue Administration has announced that Presidential Decision No. 11734, published in the Official Gazette
Read More Turkey: Revenue Administration updates tax penalty reduction guide
August 06, 2026
Turkey’s Revenue Administration has updated and published the Guide on the Tax Penalty Reduction Application,
Read More
Turkey introduces nuclear energy tax exemptions, establishes vehicle excise floors
August 04, 2026
Turkey has enacted Law No. 7590, introducing several tax measures, including reforms to the special consumption tax
Read More Turkey updates import inspection list for selected products under Agriculture, forestry controls
July 30, 2026
Turkey has revised the product list covered by the Communiqué on Import Inspections of Products Subject to the Control
Read More