Other Turkish debt securities - 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 on income and capital gains derived from other Turkish are as follows:
Withholding tax rates | Capital gains tax rate | |
Other Turkish debt securities | 0 -15% (a) | 0-15% (a) |
a.The default tax rate applied depends on the legal status of the beneficial owner at the time of the TIN request and the purchase date.
Relief at source
Documentation requirements
Automatic exemption from withholding tax on interest and capital gains from Other Turkish bonds is available to beneficial owners that qualify for a reduced tax rate.
The exemption is granted based on the documents provided at the time of the TIN request and no additional tax certification is to be provided by the beneficial owners in order to obtain this rate.