In January 2010, the Constitutional Court cancelled the reduced withholding tax rate of 0% applicable to capital gains realised by non-residents from the trading of securities in Turkey on the grounds that it causes inequality for resident investors who are subject to 10%. Following the said decision, rumours spread as to the upcoming legislation determining the new withholding tax rate on an equitable basis

On 3 April 2010, the Ministry of Finance finally put an end to the rumours to a certain extent by issuing a press release announcing that the new legislation will preserve the 0% rate for non-resident corporate investors and extend the application of such rate to resident corporate investors for equities and government debt securities (Treasury bills and Government bonds).