The government has proposed amendments to the Individual Income Tax Law on 25 July 2013.
Following the constitutional court decision these amendments provide that dividends or participation in profits obtained after 31 December 2000, but paid out after 1 March 2012 would be subject to a 12% withholding tax and would also be subject to city surtax in situations where this is applicable. The changes law will enter into force eight days after its publication in the Official Gazette if it is sanctioned by parliament.
