The Revenue Administration of Turkey has announced the decision (Presidential Decision No. 9160) to reduce the tax exemption on capital gains from the sale of participation shares, held for at least two years, from 75% to 50%.
This adjustment also applies to profits earned from founders’ shares, redeemed shares, and pre-emptive rights, provided they are held during the same two-year period.
The Decision was published in the Official Gazette on 27 November 2024. The regulation takes effect immediately, starting from the date of its publication.
