Eurobonds are not regarded within the scope of provisional article 67 even if they are considered as government bond and treasury bond.
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
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
