Individual - Significant developments

Last reviewed - 02 May 2024

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, and
  • dividends must be remitted to Turkey by the date the individual income tax is due.