The income and capital tax treaty between Hungary and Turkmenistan was signed on 1 June 2016. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Hungarian personal income tax, corporate tax, land parcel tax and buildings tax. It covers Turkmen tax on profits of legal entities, tax on income of individuals and tax on property.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 25% of the paying c…