Individual - Significant developments

Last reviewed - 26 July 2023

The law number 7491 published in the official gazette on 28 December 2023 brought income tax exemption on 50% of the dividends received by individuals from non-resident companies. The only requirements to benefit from the 50% exemption are:
• a minimum holding of 50% in the share capital of the foreign company,
• The dividends must be remitted to Turkey by the date individual income tax is due.