Tax Treaty: Finland-Turkey

A new tax treaty and protocol were signed on 6 October 2009. Once in effect, a 5% rate will apply to dividends paid to a company (other than a partnership) that holds directly at least 25% of the capital of the company paying the dividends; otherwise, the rate will be 15%. The general tax rate on interest will be 15%, lowered to 10% if derived by a bank and 5% for certain public export-related loans or credit. Royalties will remain subject to a tax rate of 10%.