With the Presidential Decree No. 4936 published in the Official Gazette dated 22/12/2021 and numbered 31697, the income withholding tax rate for dividends distributed by fully taxpayer institutions is applied as 10% effective from 22/12/2021.
Even if the dividend distributed is before or after 2021, 10% withholding tax is applied at source for the amount to be distributed in 2024.
If there are fully taxpayer companies resident in Turkey among the partners to whom the dividend will be distributed, no withholding tax is applied.
The link to the said decision is given below.
https://www.resmigazete.gov.tr/eskiler/2021/12/20211222-11.pdf
Source: Istanbul Chamber of Certified Public Accountants
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