On 5 August 2008, the Official Gazette No. 69 published the amendments to the Corporate Income Tax Law, which will enter into force as of 1 January 2009. The parliament adopted the proposal with no changes.
Accordingly, no withholding tax will be levied on outbound dividends distributed to companies and other entities, which are resident in other EEA states. Inbound dividends from such companies and other entities will be exempt from corporate income tax in the h…