Emerging Markets Rates and Currencies Handbook

Tax Summary – Turkiye Turkiye loan- Over the interest payments. • • FX-indexed loan: Over the interest payments + exchange difference of principal between drawdown date and re-payment date. Turkish residents are not allowed to receive FX indexed loan. • • Stamp tax over principal amount 0.948% if loan provider is non- financial institution. Note: Citigroup Inc. and any of its affiliates do not provide accounting, tax, or legal advice. Please seek advice from a relevant licensed advisor. Source: Relevant legislation, publicly available source Country Deductibility and Considerations Inter-Co Debt Offshore Bank Loans Offshore Local Borrowing Derivatives Equities