How stock certificates and purchase and sell earning are taxed?
1-How stock certificates and purchase and sell earning are taxed?
Stock certificates and purchase and sell earning are liable to tax according to the temporary article numbered 67, and forward transactions and option agreements based upon stock certificate and share index according to the ministry of the board decision on 27th April, 2012 numbered 2012/3141 by the fully responsible or limited tax payers, will be executed %60 withholding amount.
2- Moreover, incomes stemming from selling out stock certificates of more than a year, belonging to the fully responsible tax payers and traded at the exchange in İstanbul, are not subject to the withholding. For these taxes, it is not possible for submitting tax declaration since the article numbered 80 of Income Tax Law cannot be implemented.
3- Taxation of the income acquired since 01.01.2006;
– Taxation of the income of stock certificates and purchase and sell earning acquired since 01.01.2006 are subject to withholding within the provisions of the article numbered 67.
– Withholding rate executed over the income of stock certificates and purchase and sell earning of the real people, is decided as % 0. There will be no need for annual or peculiar declaration.
4- Taxation of the income acquired before 01.01.2006;
Taxation of the income of stock certificates and purchase and sell earning acquired before 01.01.2006 are not subject to withholding within the provisions of the article numbered 67. These incomes will be taxed according to the legislation provisions legit on 31st of December of 2005, and no matter how much is the rest amount, it will be declared.
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Source:Income Tax Law
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