The 2006 tax treaty between Turkey and Oman entered into force on 15 March 2010 and will generally apply as from 1 January 2011. Once in effect, dividends will be subject to a 10% withholding tax rate if the beneficial owner is a company (other than a partnership) that directly holds at least 15% of the capital of the company paying the dividends; otherwise, the tax rate will be 15%. Interest and royalties will be subject to a 10% tax rate.
