Turkey: Increase of dividend withholding tax rate adopted
Clearstream Banking1 informs clients that effective
22 December 2024
the withholding tax on dividend distributions from Turkish equities has been increased from 10% to 15%.
This is following the Presidential Decision No. 9286, which entered into force on the date of its publication in the Official Gazette (22 December 2024).
Impact on customers
The amended tax rate will be applicable for dividends distributed from 22 December 2024.
Further information
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG clients using Creation accounts), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.