Payments Subject to Withholding Withholding Percentage
– Over payments made to service providers and payments regarded as salaries per Income Tax Law No.61 In accordance with Income Tax Law No 103 and 104
– Self employment payments made within the context of Income Tax Law 18 to translators, sculptors, painters, composers and inventors % 17
– Over payments made for other self employment services received  % 20
– Over earned amounts paid related to construction and repair work taking place for more than one year 3%
– Over payments made to “limited taxpayers” for sales of rights and patents % 20
– Over payments made for real estate rentals (including payments made for renting property owned by associations and foundations) 20%
– Over income from Real Estate Capital Funds or Partnerships 20%
– Over securities income earned as defined under Income Tax Law No. 75/1-3. % 15
– Over interests earned from foreign currency deposit accounts and from profit sharing paid for foreign currency participation accounts by the Participation Banks
  ♦ Interest bearing accounts upto 1 year (Including 1 year) 15%
  ♦ Deposit accounts for over 1 year 13%
– From deposit interests
  ♦ For non-interest bearing accounts and interest bearing accounts upto 6 months 15%
  ♦ For interest bearing accounts up to 1 year 12%
  ♦ For interest bearing accounts over 1 year 10%
– Over profit sharing paid by Participation Banks for participation accounts
  ♦ For non-interest bearing accounts and interest bearing accounts upto 6 months 15%
  ♦ For interest bearing accounts up to 1 year 12%
  ♦ For interest bearing accounts over 1 year 10%
– Over Repor account earnings 15%
(Over payments made to full and limited taxpayers)