Taxation
The taxation of the income on VIOP contracts are given in the table below.
| Withholding TAX (WHT) | Banking and Insurance Transactions TAX (BITT) | ||||
|---|---|---|---|---|---|
| TAXATION OF INCOME ON VIOP CONTRACTS | Individual Investors | Corporate Investors* | BITT taxpayers | ||
| Resident | Non-Resident | Resident Capital Companies (limited liability companies and joint stock companies) and Investment Funds | Non-Resident Capital Companies (limited liability companies and joint stock companies) and Investment Funds | ||
| The income generated from the positions in the contracts written on Equity and Equity Index | 0% | 0% | 0% | 0% | Within the scope of exemption. |
| The income generated from the positions in all other contracts | 10% | 10% | 0% | 0% | Within the scope of exemption. |
* All other Resident and Non-Resident Companies are subject to %10 WHT.
