
Income tax exemption is applied to the return of participation shares of funds that are stock-intensive funds (at least 80% of the fund's total value consists of issuer shares traded on BIST, excluding securities investment trust shares) to the relevant fund.
No withholding tax is paid on the gains arising when participation shares held for more than one year are disposed of in investment funds whose portfolio consists of at least 51% of stocks traded on BIST.