What will be the taxation of the dividends obtained from the legally obligated organization? (In Turkey)
The followings are exempted from income tax:
– All kinds of stock dividends,
– Income arising from participation stocks,
– Half of the dividends granted to the chairman and members of the board of directors of the organizations,
and if the remaining amount exceeds the declaration limit for the relevant year, a declaration shall be submitted. (34.000 for 2018) Also, 15% of stoppage made within the organization will be set off from the income tax calculated in the annual declaration.
Source: GİB
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