Turkey Foreign Exchange Regulations: A Business Overview
Understand Turkey's foreign exchange regulations, including capital repatriation, currency hedging, and relevant Central Bank rules.
The exact change
Capital repatriation is not subject to government approval, but it is subject to applicable taxes. Dividend distributions to foreign shareholders are subject to a 10% withholding tax, which may be reduced under Turkey's double taxation treaties.
Capital repatriation is not subject to government approval, but it is subject to applicable taxes. Dividend distributions to foreign shareholders are subject to a 15% withholding tax (raised from 10% effective 22 December 2024), which may be reduced under Turkey's double taxation treaties.
Suggested change
Removed a fabricated "our analysts" authority-voice instance; other factual content was checked and confirmed accurate. Also fixed the dividend withholding tax rate for payments to non-residents, which was raised from 10% to 15% effective December 22, 2024.
Why this is better
Turkey raised the domestic dividend withholding tax on payments to non-residents from 10% to 15% by Presidential Decree No. 9286, effective 22 December 2024; the article still cited the pre-2024 rate.
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