Turkey's Revenue Administration has announced the publication of Presidential Decision No. 5752 of 27 June 2022, which provides for a further extension of the reduced withholding tax rates applicable to interest on deposit accounts denominated in Turkish lira (TRY). Previously extended to 30 June 2022, the reduced rates now apply until 31 December 2022. Decision No. 5752 also extends to 31 December 2022 the reduced withholding tax rates on income from bank bonds, and bills and lease certificates issued by asset leasing companies for which the fund user is a bank. In addition to extending the reduced withholding tax rates, Decision No. 5752 also introduces a 5% withholding tax rate on income from qualifying asset-backed securities and mortgage-backed securities issued by mortgage finance institutions up to 31 December 2022.