How will Eurobond interest income be taxed? Will there be any exceptions or discounts, in Turkey?
Eurobonds are considered as government bonds and treasury bonds in terms of taxation and are not included in the Provisional Article 67. Therefore, the Eurobond interest income is declared if it exceeds the declaration limit.
In this implementation, the date of issue of Eurobonds does not matter. Since Eurobonds are issued in foreign currencies, no discount rate is applied. This exception is not applied to the income received after this date in order that the validness of the Provisional Article 59 has expired on 31/12/2007.
Source: GİB
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