Effective bank tax rate reached 16.9% in first quarter of 2021 in Turkey, according to the National Central Bank. This is 133% more than in the previous quarter.
Historically, effective bank tax rate in Turkey reached an all time high of 130% in 3Q2005 and an all time low of 7.09% in 4Q2019.
Turkey has been ranked 32nd within the group of 49 countries we follow in terms of effective bank tax rate.
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