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Turkiye: Amendment in the BITT rates imposed on foreign exchange transactions

Description

On May 15, 2019, the Government of Türkiye amended Banking and Insurance Transactions Tax (BITT) rates imposed on foreign exchange transactions. With this regulation, foreign exchange sales will be su...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

15 May 2019

Revocation date

06 Dec 2019

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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