OrbitaxThe first-time income and capital tax treaty between Luxembourg and Turkey , signed on 9 June 2003, entered into force on 18 January 2005. The treaty will be effective as from 1 January 2006 .
|Treaty Development|Luxembourg-Turkey
The maximum rates of withholding tax are:
| - |
20% on dividends in general and 5% (in the case of Luxembourg) and 10% (in the case of Turkey) on dividends if the beneficial owner is a company (other than a partnership) which holds directly at least 25% of the capital of the company paying the dividends; |
