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24.11.2024

0% Withholding Tax will be Applied for Income from Mint Certificates

The Capital Markets Board announced on 25.08.2022 that the Ministry of Treasury and Finance, the Mint and Stamp Printing House General Directorate, was granted permission to issue Mint Certificates through a public offering for 5,000 kg of gold with a purity of 0.995 and a nominal issuance limit.

The purpose of issuing the Mint Certificate is to bring idle physical gold into the economy.

With the Presidential Decree No. 6036 published in the Official Gazette dated 15.09.2022 and numbered 31954, the withholding tax rate to be applied on the revenues obtained from the issuance of Mint Certificates has been set at 0% in accordance with the Temporary Article 67 of the Income Tax Law.

You can access the relevant Presidential Decree here.

Kind regards,

BİLGENER

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