Tax Advisory

What is the withholding rate on dividends paid to a foreign shareholder?

The general rate is 15%. It was set by a Presidential Decision published on 22 December 2024; before that it was 10%. If there is a double tax treaty between Turkey and the shareholder's country of residence and the treaty provides a lower rate, the treaty rate applies. Using the treaty rate requires a certificate of residence.

Read the full article: Distributing Profit From a Technopark Company With Foreign Shareholders: What Happens to Exempt Earnings →