On 1 August 2012, the Germany - Turkey Income Tax Treaty (2011) entered into force. The treaty generally applies from 1 January 2011
The treaty generally follows the OECD Model Convention.
The maximum rates of withholding tax are:
| - | 15% on dividends in general (Art. 10(2)(b) of the treaty) and 5% if the beneficial owner is a company (other than a partnership) which holds directly at least 25% of the capital of the company paying the dividend… |