On 4 September 2021, Turkey has published Presidential Decision No. 4454 in the Official Gazette, which sets 0% (reduced from 10%) withholding tax rate on certain venture capital and real estate investment fund earnings.
The reduced withholding tax rate will apply for the venture capital funds and the real estate investment shares that are held for at least 2 years. The Decision is applicable from 4 September 2021.
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