Turkey exempts non-resident financial institutions from FX tax

by Aurelia Butler 8 August 2020, 08:45 189 Views

The Bank Insurance and Transaction Tax (BSMV) was raised in May to 1% from 0.2% in a move to discourage a so-called dollarization trend among Turks buying dollars and other hard currencies.

The presidential decision, published in the Gazette, takes immediate effect.

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Turkey exempts non-resident financial institutions from FX tax

Ransomware Attacks Demanding Crypto Are Unfortunately Here to Stay

Without $600 Weekly Benefit, Unemployed Face Bleak Choices

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