With the President's decision published in the Official Gazette, the withholding tax rate on government bonds and Treasury bills purchased until the end of 2022 is determined as zero percent. Thus, since the withholding tax will be the final taxation for real person domestic and foreign investors, income from these bonds and bills will be tax-free until the end of 2022.
INVESTING IN THESE INSTRUMENTS WILL BECOME “MORE ATTRACTIVE”
The regulation will cover government bonds and Treasury bill investments made between 31 December 2022 as of yesterday. Investing in these instruments will become “more attractive” with the tax advantage provided by the regulation introduced in order to encourage savers to use their savings in Turkish Liras (TL) denominated government bonds and Treasury bills, to contribute to the preservation of the value of the national currency, and to facilitate the financing needed by the Treasury. The application will also cover lease certificates issued by the Treasury.