The income tax treaty between Sierra Leone and Turkey was signed on 3 November 2020. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers the income taxes and corporate taxes of both countries.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 25% of the paying company's capital; otherwise, 10%
- Interest - 10%
- Royalties - 10%
Capital Gains
The following capital gains derived by a resident of o…