The Resource Turkish tax benefits on interest paid to foreign financial institutions

Turkish tax benefits on interest paid to foreign financial institutions

Label
Turkish tax benefits on interest paid to foreign financial institutions
Title
Turkish tax benefits on interest paid to foreign financial institutions
Creator
Subject
Language
eng
Summary
Turkish tax legislation provides various advantages for interest on loans obtained from abroad. However, these advantages vary depending on how foreign banks and financial institutions are identified and a number of significant issues should also be considered. This article gives some background and looks at the tax advantages and issues to consider: (a) Should interest payments on loans from foreign banks or financial institutions be subject to withholding tax? (b) Is interest paid to foreign banks or financial institutions subject to VAT? (c) Can loans obtained from foreign financial institutions fall within the scope of banking and insurance transactions tax (BITT)? (d) Do loans obtained from foreign financial institutions fall within the scope of stamp duty and fees? and (e) Resource utilization and support fund
Citation source
In: Tax planning international review. - London. - Vol. 41 (2014),
http://library.link/vocab/creatorName
Çakmak, T
Geographic coverage
  • Asia
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • interest
  • foreign bank
  • withholding tax
  • VAT
  • financial transaction tax
  • stamp duty
Label
Turkish tax benefits on interest paid to foreign financial institutions
Instantiates
Publication
Label
Turkish tax benefits on interest paid to foreign financial institutions
Publication

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