Regulation, Risk & Compliance
Tax
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Turkey raises forex sales tax in another support for lira
Turkey has raised a tax on some foreign exchange sales to 0.1 from zero, the country’s latest effort to discourage a months-long trend of Turks selling the lira for dollars and euros. Analysts said the presidential decision on the so-called BSMV tax, announced in the Official Gazette yesterday, could boost…
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Click here to read the full story: Gulf Times