Turkey’s tax authority issued Presidential Decree No. 9769 on 30 April 2025, which was published in the Official Gazette on 1 May 2025 (No. 32887). The decree extends the 0% withholding tax rate on income derived from certain government-backed financial instruments.
Specifically, the reduced withholding tax rate will continue to apply to income from government-issued bonds and treasury bills, as well as lease certificates (sukuk) issued by asset leasing companies established under Law No. 4749. This includes instruments issued by the Treasury Asset Leasing Joint Stock Company.
The amendment, made to the Annex Decree of Presidential Decree No. 9769 and the Council of Ministers Decree No. 2006/10731, prolongs the application of the 0% withholding tax rate until 31 July 2025.
Earlier, Turkey’s Revenue Administration introduced Presidential Decision No. 8434, which brought significant adjustments to the withholding tax rates applied to various forms of income, particularly those from Turkish lira (TRY) deposit accounts.
This decision, initially scheduled to conclude on 30 April 2024, was later extended until 31 July 2024.
