The method of calculation for the Title III of the Income Tax Law at a rate of 7% issued under the new Law number 45 dated 21 August 2017 (official gazette no. 37).

Friday, August 25, 2017 - 17:00

Since the Law mentioned above has been issued in the official Gazette on 21 August 2017 and the new rate has been set at 7% instead of 5%, we provide with our opinion on the method of calculating tax on interest based on the new tax rate.