Turkey Tax Agency Issues Individual Income Tax Guide on 2024 Capital Gains Income from Securities

The Turkish Revenue Administration Feb. 27 issued Publication No. 557, on the updated guidance and infographic for reporting 2024 capital gains income from securities. Topics covered include: 1) the April 2 deadline to declare 2024 capital gains income; 2) which types of securities capital income must be declared if the amount exceeds 13,000 Turkish lira (US$355) or 230,000 lira (US$6,297); 3) the 123.64 percent discount rate for 2024 inflation adjustments to specified capital gains; 4) a clarification on the tax treatment of interest income from government bonds and treasury bills issued before and after Jan. 1, 2006; 5) the 50 ...