Back to today’s briefing

Story perspectives

Türkiye Considers Tax Hike on Lira Deposits, Markets React

1/29/2025

36 6

Summary

Story summary

Türkiye's Treasury and Finance Ministry plans to review taxes on Turkish lira deposits and money market funds, currently set at 5% to 10%.
A reassessment of deposit rates is set for January 31.
Potential tax increases are under discussion, though specifics are unclear.
Increased taxes could lead savers to prefer foreign currencies or equities.

1 of 1

Story summary

Türkiye's Treasury and Finance Ministry plans to review taxes on Turkish lira deposits and money market funds, currently set at 5% to 10%.
A reassessment of deposit rates is set for January 31.
Potential tax increases are under discussion, though specifics are unclear.
Increased taxes could lead savers to prefer foreign currencies or equities.