Eurobonds are considered as government bonds and treasury bonds in terms of taxation and are not included in the Provisional Article 67. Therefore, Eurobond interest income is declared if it exceeds the declaration limit.
In this implementation, the date of the issue of Eurobonds does not matter. Since Eurobonds are issued in foreign currencies, no discount rate is applied. This exception is not applied to the income received after this date in order that the validness of the Provisional Article 59 has expired on 31/12/2007.
Source: GİB
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
