The income tax treaty between Gambia and Turkey entered into force on 26 January 2018. The treaty, signed 11 February 2014, is the first of its kind between the two countries.
The treaty covers Gambian income tax and corporate tax and covers Turkish income tax and corporation tax.
The following capital gains derived by a resident of one Contracting State may be taxed by the other State:
Gains from the alienation of other property by a resident of a Contracting State may only be taxed by that State.
Both countries apply the credit method for the elimination of double taxation.
The treaty applies from 1 January 2019.