Turkey Foreign Exchange Regulations: A Business Overview
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https://corpy.xyz/turkey/banking/turkey-foreign-exchange-regulations
Corpy business-formation guide, fact-checked and corrected.
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Before
Capital repatriation is not subject to government approval, but it is subject to applicable taxes. Dividend distributions to foreign shareholders are subject to a 10% withholding tax, which may be reduced under Turkey's double taxation treaties.
AfterCapital repatriation is not subject to government approval, but it is subject to applicable taxes. Dividend distributions to foreign shareholders are subject to a 15% withholding tax (raised from 10% effective 22 December 2024), which may be reduced under Turkey's double taxation treaties.
Why: Turkey raised the domestic dividend withholding tax on payments to non-residents from 10% to 15% by Presidential Decree No. 9286, effective 22 December 2024; the article still cited the pre-2024 rate.
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