Islamic bond (sukuk) sales from Turkey are picking up pace after the government changed its tax law.

The government passed a law in February reducing the withholding tax on sukuk to 10 percent and exempted sales from value-added, stamp and corporate taxes.

Legislation two months later exempted sukuk certificates with a minimum tenure of five years from taxes on revenue.

http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentID=20111105111695

 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!

Bad Behavior has blocked 5876 access attempts in the last 7 days.