Taxation of Investment Products
Within the scope of the Income Tax Law provisional article no:67, relevant resolutions of the Council of Ministers and the explanations in the Income Tax General Communiques serial numbers: 257, 258, 263 and 269, the summarized tables that show the taxation principles of gains secured by natural and legal entities through interest on securities, trading of securities and interest on deposits in 2009, can be accessed from the links below.
- Taxation of gains secured by full taxpayer natural entities through Turkish Securities in 2009, 266K
Elimination of the 10% Stoppage on Stock Transactions
The right that appears in the Income Tax Law provisional article no:67 has been exercised again by the Council of Ministers in accordance with the resolution dated 27.10.2008 and numbered 2008/14272. The aforesaid resolution was published in the Trade Registry Gazette on November 13, 2008. As of November 14, 2008, the stoppage rate applied to gains secured on stocks by full taxpayer natural and legal entities has been reduced from 10% to 0%. However, as this reduction will not apply to gains secured on the shares of investment trusts traded on the ISE and the mutual fund participation certificates, these gains will continue to be subject to a 10% stoppage.
The aforesaid reduction will only be in effect for gains secured on the trading of stocks that are subject to stoppage in accordance with the Income Tax Law provisional article no:67. This reduction will not include gains secured on government bonds, t-bills, futures and options contracts and mutual fund participation certificates. No changes have been made in regards to the taxation of these products and they will continue to be subject to a 10% stoppage in general.
For the Council of Ministers' resolution numbered 2008/14272, published in the Trade Registry Gazette on November 13, 2008, click here.
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Help and Advice
How can I place a buy order for the fund? Can I place a buy order in the interim period?
You may place your buy orders between the hours of 09:00 and 18:00 on the announced demand collection days, and until 12:00 on the last day. Find out more
What are the advantages of trading on TurkDex (The Turkish Derivatives Exchange)?
Advantages of trading are leveraging, short sales, tax advantages, portfolio diversification, hedging and accretion of margins. Find out more
When are the demand collection periods of the first and the second sub funds for investment and the IPO?
For the first sub-fund, the investment period is between July 27 2009 – June 23, 2010. The demand collection period is July 15 – 24. Find out more
I want to use share purchase loan, what do I have to do?
With the share purchase loan, you can purchase stocks even if you do not have any money in your account. Find out more