On 30 September 2021, the Turkish Revenue Administration has issued Presidential Decision No. 4561 in the Official Gazette extending the dates for reduced withholding rates on interest on deposit accounts entitled in Turkish lira (TRY). The reduced withholding rates will apply until 31 December 2021 instead of 30 September 2021.
Furthermore, the period of reduced withholding rates has been extended from 30 September 2021 to 31 December 2021 applicable to income from bank bonds, and bills and the fund user’s issued by asset leasing companies that these banks income and earnings from lease certificates
