Withholding tax applies at a rate of 5% for TRY current deposit and notice deposit accounts, and for TRY time deposit accounts of up to and including 6 months.
Withholding tax applies at a rate of 3% for TRY current deposit and notice deposit accounts, and for TRY time deposit accounts of up to and including 1 year. Withholding tax rate decreases to 0% for time deposit accounts of more than 1 year.
Withholding tax applies at a rate of 20% for FX current deposit and notice deposit accounts, and for FX time deposit accounts of up to and including 6 months; and 20% for FX time deposit accounts of up to and including 1 year. Withholding tax rate decreases to 18% for FX time deposit accounts of more than 1 year.
Interest rates are gross for Turkish Lira and FX time deposit accounts.