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Türkiye reduces withholding tax to 0% on share-buy-back transactions

|Tax Alerts, Legislation & Policy, Na ...|Turkey
Turkey

  • Presidential Decision No. 6791 was published in the repeating Official Gazette dated 14 February 2023.

  • The decision reduces the withholding tax (WHT) rate to 0% from 15% on the amounts considered as dividends distributed as a result of share-buy-back transactions.

On 17 November 2020, Türkiye introduced a 15% WHT on the amounts regarded as dividends as a result of disposal or redemption of share buybacks of Turkish full tax liable corporations. See EY Global Tax Alert, Turkey enacts law on restru…

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