IS IT COMPULSORY TO FILE INCOME TAX RETURN FOR STOCK MARKET EARNINGS?
No. Stock market earnings are not subject to income tax.
The earnings, acquired by selling stock exchange securities off, are not subject to income tax no matter what they cost.
Return on sales and purchase of stock exchange securities will not be declared (holding period will not be taken into consideration).
Withholding rate of those earnings is zero; as a result of that, there will be no deduction in the fund, as well.
Withholding rate through return on sales and purchase of stock exchange was determined as 0% (zero percent) in 14.11.2008; so its tax burden was removed.
Source: Revenue Administration
