Preserving The 0% Withholding Tax Rate?

Following the Constitutional Court's cancellation in January¹ of the reduced withholding tax rate of 0%² applicable to capital gains realised by non-residents in their trading of securities³ in Turkey (on the basis of unequitability with resident investors who are subject to 10%) rumors spread on the upcoming legislation determining the new withholding tax rate (presumably applicable to both residents and non-residents in accordance with the Constitutional Court's decision).

On 3 April 2010 the Ministry of Finance finally put an end to the rumors to a certain extent by issuing a press release announcing that the new legislation will preserve the zero rate for non-resident corporate investors and also open it to resident corporate investors in relation to both equities and government debt issues (T-Bills and Government Bonds).