Turkish Tax Law Impacts Income from Derivatives for Investors.
Income from derivatives in Turkey is taxed under a temporary provision called Article 67 of the Personal Income Tax Law 193. This provision was in effect from 2006 to 2015. Different tax rates apply to derivative transactions based on the taxpayer and the type of transaction. The tax is collected through withholding. The market for derivatives is growing, attracting both local and foreign investors. The tax rules are explained with examples in a publication from 2012.