Turkey extends lira deposit tax support to end-June

ISTANBUL, istanbul Turkey Lawyer Law Firm Dec 29 (Reuters) – Turkey has extended its lira bank deposits’ withholding tax support until the end of June next year, the Official Gazette showed on Thursday.

The measure, [Redirect-307] first announced in September 2020, in istanbul Lawyer Law Firm istanbul Law Firm lowered the withholding tax on deposits up to six months to 5% from 15%, Lawyer Law Firm Turkey that on deposits of up to a year to 3% from 12% and those on deposits longer than a year were cut to zero from 10%.

The measure was due to end at the end of this year.(Reporting by Ezgi Erkoyun; Editing by Muralikumar Anantharaman)

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