Withholding Rate on Government Bond, Treasury Bill and Lease Certificate Income

WITHHOLDING RATES ON INCOME AND EARNINGS FROM GOVERNMENT BONDS, TREASURY BILLS AND LEASE CERTIFICATES

With Presidential Decree No. 4937 dated 21 December 2021, published in the Official Gazette No. 31697 dated 22 December 2021, Provisional Article 4 was added to the annex of the Council of Ministers Decree No. 2006/10731 dated 22/7/2006 on withholding rates under Provisional Article 67 of the Income Tax Law No. 193.

Under this article, the income tax withholding rates applicable to income and earnings from Government Bonds and Treasury Bills issued by the Ministry of Treasury and Finance acquired between 22/12/2021 and 31/12/2022, and from lease certificates issued by asset leasing companies established under Law No. 4749, are reduced to 0% (zero) in lieu of the rates of 15%, 10%, 10% and 15% previously applicable.