The income tax treaty between Turkey and Venezuela was signed on 3 December 2018. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Turkish income tax and corporate tax and covers Venezuelan taxes on income.
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 b…