Thus, Eurobonds should be declared in the event that they exceed the declaration limit of interest income. In 2016, declaration limit of interest income is 30.000-TL.

Eurobond’s date of issue have no importance in this practice. Eurobonds are floated in foreign currency; as a result of that, discount rate is out of question. Provisional article 59 was terminated in 31.12.2007; that is why, this exception is not applied to earnings received after that date.

Source: Revenue Law

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