The income tax treaty between Gambia and Turkey was signed 11 February 2014, and is the first of its kind between the two countries.
Taxes Covered
The treaty covers Gambian income tax and corporate tax, and covers Turkish income tax and corporation tax.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 15%
- Interest - 10%
- Royalties - 10%
Capital Gains
The following capital gains derived b…