Tax Haven Countries List Has Not Been Published for Twenty Years
Taxes cannot be collected because the necessary list has not been issued, despite the 30 percent withholding rule in the Corporate Tax Law.
Despite the 30 percent tax withholding stipulated in the Corporate Tax Law, the list of tax haven countries has not been published for twenty years.
The Regulation Introduced by the Law
The Corporate Tax Law, which entered into force in June 2006, stipulates a 30 percent withholding tax on transfers made to tax haven countries.
The Unpublished List
It is stated that the list of tax haven countries, which is necessary for the implementation of the relevant provision, has not been published by the government for twenty years.
Assessments by Yalçın Karatepe
Economist Prof. Dr. Yalçın Karatepe emphasizes that due to the failure to announce the list, the 30 percent tax cannot be collected from the funds going to tax havens.
Karatepe criticizes the fact that taxes are not collected from money going abroad while taxes are levied even on citizens' overdraft account interests.