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Turkiye: Exemption for Turkish exporters and industrial producers from the tax imposed on foreign exchange transactions

Description

On 17 June 2019, the Government of Türkiye amended Banking and Insurance Transactions Tax (BITT) rates imposed on foreign exchange transactions. With this regulation, foreign exchange sales to exporte...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

18 Jun 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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