Turkish equities purchased on/after 1 January 2006 – relief at source – rates, eligibility, documentation, deadlines etc.
Withholding and capital gains tax
The default rates of withholding and capital gains tax applicable in Clearstream Banking on dividends and capital gains derived from Turkish equities purchased on/ after 1 January 2006 are as follows:
Equities | Withholding tax rates | Capital gains tax rate |
Equities purchased on/after January 2006 | 15% | 0% |
Relief at source
Eligible beneficial owners
The following beneficial owners are eligible to obtain relief at source on dividends (capital gains is already tax exempt) derived from Turkish equities purchased on/ after 1 January 2006 are as follows:
Beneficial owner | Withholding Tax Rate |
Residents of a Double Taxation Treaty (DTT) country | DTT% |
Documentation requirements
Clients are requested to provide the following documentation depending on the status of the underlying beneficial owners:
Residents of a Double Taxation Treaty (DTT) country:
- Certificate of Tax Residence (applicable for withholding tax on dividends)
Deadlines
Equities purchased on/ after January 2006:
Document | Deadline for receipt by Clearstream Banking |
Certificate of Tax Residence | At the latest 21 business days before the first dividend payment. Before 10 March in case of renewal. |