Türkiye Deposit Interest Withholding Rates by Year

This page shows the withholding tax rates on time deposit interest in Türkiye for every period since 2005: Turkish lira and foreign currency accounts, by term. The rates in force are at the top, every period is in the table and the rate of a 6-month deposit is in the chart. The deposit interest calculator uses this data.

How to read the table

• Opening date: A row’s period is the days on which a deposit is opened or renewed. The rate is the one of the opening day, not of the day the interest is paid; an older deposit keeps its rate until maturity.
• Term columns: The decisions set the rate by term band, and the bands changed from period to period. The table shows each period’s rate at the same terms: 1 month, 6 months, 1 year and over 1 year. The term counts in months from the opening day.
• Foreign currency: Foreign currency deposit accounts and foreign currency participation accounts. The Turkish lira participation accounts of participation banks take the TL rates.

Periods

The rates rest on provisional article 67 of the Income Tax Law and change by decisions of the Council of Ministers and, since 2018, of the President. Some decisions set reduced rates for a fixed time, and the earlier rates came back when it ended. The rows of the table split on the days each decision started and ended.

Out of scope

FX-protected deposits (KKM), TL accounts converted from foreign currency or gold, and inflation-linked accounts have their own rates and are not in the table. Ask your bank for the withholding rate of a gold deposit account.