Turkey Proposes 10 Percent Withholding Tax on Money Market Fund Returns

The Turkish Treasury and Finance Ministry has finalized preliminary plans to impose a 10 percent tax on gains from money market funds, aiming to curb speculative hot money inflows and stabilize financial markets.

26 Aug, 06:43 — 26 Aug, 06:43

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hurriyet-dailyMixed6d ago

Türkiye weighs 10 pct withholding tax on money market fund gains

Türkiye’s Treasury and Finance Ministry has completed preliminary work on a plan to tax so-called “hot money” flowing into money market funds, Bloomberg HT reported.

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Turkey Proposes 10 Percent Withholding Tax on Money Market Fund Returns

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Türkiye weighs 10 pct withholding tax on money market fund gains

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