Withholding tax rates on Turkish lira deposits and funds have been raised. In deposits with a 6-month term, the withholding tax has increased from 7.5% to 10%, and for deposits up to 1 year, it has risen from 5% to 7.5%. According to the Presidential Decree published in the Official Gazette, adjustments have been made to the withholding tax rates specified in temporary Article 67 of the Income Tax Law. The withholding tax rates on Turkish lira deposits and funds have been increased. As per the adjustment; the withholding tax rate on deposits with a 6-month term has been raised from 7.5% to 10%, for deposits up to 1 year from 5% to 7.5%, and for terms longer than 1 year, from 2.5% to 5%. This regulation will be valid until January 31, 2025.