An
income tax treaty for the avoidance of double taxation between the
governments of Malta and Turkey will come into effect on January 01,
2014.
The
treaty, which was signed in 2011, involves a 10 percent withholding
tax on dividends paid by a Turkish resident company to a Maltese
company in which it has at least a 25 percent stake. In all other
cases a maximum withholding tax of 15 percent will be applied.
Under
the terms of the treaty Malta will not tax dividends paid by a
Maltese resident company to a Turkish resident company.
A
maximum Turkish withholding tax of 10 percent will apply to interest
paid by a Turkish resident to a Maltese resident beneficial owner of
the interest income.
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