The Turkish Official Gazette July 7 published Decision No. 7345, increasing the banking and insurance transactions tax (BITT) rate to 15 percent from 10 percent. The decision enters into force the same date and applies to consumer loans extended on or after that date. [Turkey, Official Gazette, 07/07/23]
Reference: View Decision No. 7345, Official Gazette No. 32241/2023. View Index.
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