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Tax Treaty between the Democratic Republic of the Congo and Turkey Signed — Orbitax Tax News & Alerts

Turkey's Revenue Administration has issued a release announcing that an income tax treaty with the Democratic Republic of the Congo was signed on 7 September 2021. The treaty is the first of its kind between the two countries and will enter into force after the ratification instruments are exchanged. According to the release, the treaty provides for a withholding tax rate of 10% on dividends, interest, and royalties. Further details of the treaty will be published once available.